Nuclear power subsidies – like dumping money down a rat’s hole
“It’s like dumping huge amounts of money down a rat’s hole,” he said, adding that by the time nuclear power plants actually get built, it could be too late to avoid the consequences of dangerous climate change. “What would have an immediate effect on climate change is the stuff you can do fast and cheap like weather proofing, changing light bulbs, building wind farms and solar panels,”
Group Says Subsidies Better Spent on Renewables, Solve Climate News, By Abby LubyMar 3, 2011 Criticism about nuclear’s carbon footprint hasn’t stopped the Obama administration from hawking it as clean power, however. In his proposed budget for 2012, the president is seeking an additional $36 billion in federal loan guarantees for nuclear power plant construction. That’s on top of the $18.5 billion the DOE is already permitted to deploy. Continue reading
Funds for new nuclear research at University of Saskatchewan
$30 million for a new nuclear research centre at U of S, 650 CKOM, Premier Brad Wall believes province will be a leader in nuclear material science By Chris Carr March 2, 2011 It will make Saskatchewan the focal point for nuclear research in western Canada.
$30 million is being set aside over seven years for a new nuclear research centre at the University of Saskatchewan…… Wall believes the new money will make the province a leader in nuclear material science, and small reactor technology….
India’s new nuclear projects face a number of hurdles
in the upcoming 9,900 MW Jaitapur nuclear power project in the coastal Ratnagiri district, NPCIL is planning to line up a number of sops for the land losers.
Work on NPCIL Haripur project to start in 2014 Business Standard, Kolkata March 3, 2011, Amid controversies surrounding the proposed nuclear power plant at Haripur in West Bengal, the Nuclear Power Corporation of India (NPCIL) has said that work on the project will start by 2014.The environmental evaluation process is expected to be over by 2012 and the land acquisition will kick off only after that. Continue reading
Two University chairs to be funded by nuclear company
Push for a $2 billion loan for Ohio uranium enrichment plant
Farmers benefiting financially from renewable energy
The survey results also show an economic upside to producing energy on the farm. Farmers in nearly every state reported savings on their utility bills. The savings were especially noticeable in New York, where utility bill savings reported by respondents topped $5,000 for 2009……..
On-farm renewable energy production shows growth,
Hawaii 247.com, 28 Feb 2011, The number of solar panels, wind turbines and methane digesters on America’s farms and ranches has increased significantly over the past decade and there are now 8,569 operations producing their own renewable energy, according to the results of the 2009 On-Farm Renewable Energy Production Survey. Continue reading
Nuclear industry survives only with corporate welfare
The report finds that taxpayers have subsidized the nuclear fuel cycle through every stage from mining to long-term storage of radioactive waste. It identified a total of 30 different subsidies that when combined have repeatedly exceeded the average market price of any power produced.
Scientists: Nuclear power isn’t viable without corporate welfare, SmartPlanet, By David Worthington | Feb 23, 2011 Nuclear power was supposed to be too cheap to meter, but a science-based nonprofit that advocates for environmental and public health issues has published a new report that casts doubt that it was ever really economically viable. Continue reading
To really promote clean energy, put a tax on carbon
UCS is urging Congress to take devise a more holistic clean energy policy by placing a tax on carbon.
Scientists: Nuclear power isn’t viable without corporate welfare, SmartPlanet, By David Worthington | Feb 23, 2011“……..Union of Concerned Scientists (UCS) is cautioning that taxpayers will be footing the bill if the nuclear industry ever defaults on its loans. The total amount of loan guarantees paid by the federal government will be $58.5 billion if Congress consents to the President’s proposal. Continue reading
Germany’s tax on nuclear resulting in debt for utility
RWE Will Exceed Net Debt to Ebitda Target on German Nuclear Tax, Bloomberg, By Nicholas Comfort – Feb 24, 2011 RWE, Gernmany’s second-largest utility, said a tax on nuclear reactors means the company won’t be able to keep net debt to three times or less adjusted earnings before interest, tax, depreciation and amortization………RWE Will Exceed Net Debt to Ebitda Target on German Nuclear Tax – Bloomberg
New nuclear reactors – an economic meltdown waiting to happen
Time and again, Buffett’s corporation MidAmerican has recognized the risks of investing in new nuclear power……i’ts not only Warren Buffet & CBO that have rejected new nuclear power as an economic non starter…….New nuclear reactors are an economic meltdown waiting to happen and sadly President Obama has put the American taxpayer on the hook for the financial fall out.
Obama, the Oracle of Omaha & Nuclear Power | Greenpeace USA, 24 Feb 2011, Last week, President Obama lauded those who have made an especially meritorious contribution to the United States, world peace and culture by bestowing upon them the Presidential Medal of Freedom. Among this years recipients was the “World’s Greatest Investor,” also one of the world’s greatest philanthropists Warren Buffett. Instead of merely lauding the Oracle of Omaha, President Obama should follow his lead and stop pursuing costly new nuclear power plants. Time and again, Buffett’s corporation MidAmerican has recognized the risks of investing in new nuclear power. Continue reading
France devising new nuclear marketing system
France launches new nuclear strategy Industrial Fuels and Power, February 23rd, 2011 The French Nuclear Policy Council has drawn up a new strategy to boost the industry’s competitiveness on the international stage. Continue reading
Japanese tax-payers should not pay up for risky Texas nuclear project
Why Japan Should Say ‘No’ To Funding U.S. Nuclear Plants, Change.org News, by Zachary Shahan · February 18, 2011 Nuclear energy, even if it were the cleanest, greenest, safest thing on the planet (which it is definitely not), is extremely financially risky. For this reason, it is nearly impossible for nuclear projects in the U.S. to get enough funding to get off the ground. Instead, companies rely on loan guarantees from the federal government, which ensures lenders that if the projects fail, taxpayers foot the bill and bail out the failed nuclear companies—to the tune of several billion dollars. Continue reading
Russia pushing Bulgaria to sign up for nuclear power project
Bulgaria will pay no funds from the state budget to build Belene, but at the same time it will keep its 51 per cent share in the project, Rosatom said……Rosatom pressing Bulgaria to sign next agreement on Belene project – Business – The Sofia Echo
France vying with South Korea, to market nuclear power to South Africa
France has emerged as one of several countries, including South Korea, whose companies have been courting South Africa as it shops for multi-billion dollar nuclear power plants….In 2007 Areva submitted a proposal to power utility Eskom to build several nuclear plants in a tender process which was later scrapped due to its steep cost.
The idea of nuclear catastrophe a money spinner for pharmaceutical companies
to address the skin and lung injuries that arise from acute exposure to high levels of ionizing radiation – the type of radiation that results from a nuclear blast.
BARDA Supports Development Of Drugs To Protect Against Radiation Biomed Middle East By: Ash on February 18, 2011 Two contracts for advanced development of drugs to treat skin and lung injuries associated with acute radiation syndrome (ARS) were awarded this week by the U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority (BARDA). Continue reading
1 This Month
PLEASE OPPOSE HR 8255 AND S.3639 – bills would accelerate satellite deployment, with no environmental review or safeguards – https://ncstd5li.quorum.us/campaign/169331/
To see nuclear-related stories in greater depth and intensity – go to https://nuclearinformation.wordpress.com
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