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Nothing happening in much vaunted nuclear deal between USA and India

Buy-US-nukesflag-indiaLittle progress on nuclear deal after ‘breakthrough’ http://www.thehindu.com/news/international/little-progress-on-nuclear-deal-between-india-and-us-after-breakthrough/article7261405.ece NARAYAN LAKSHMAN 29 May 15 More than four months after Prime Minister Narendra Modi and U.S. President Barack Obama announced a “breakthrough understanding” to resolve a long-standing impasse in the bilateral civil nuclear energy agreement, forward movement has apparently ground to a standstill and neither the government nor the private sector here  held out hope for a speedy resolution.

Responding to queries from The Hindu this week a State Department spokesperson said that there was “nothing new to announce on the civil nuclear deal at this time.”

Even as early as February, a top State Department official, Assistant Secretary for South and Central Asian Affairs Nisha Biswal, indicated that there may not be much more that the two governments could do to smooth the path for U.S. corporations to supply India with nuclear reactors. Ms. Biswal said that while Washington was “still in the process of taking what [India’s latest] top-line commitments were and trading paper to be able to find the more detailed understandings,” for the U.S. resolution of this “lingering challenge” hinged on the convergence between India’s 2010 Civil Liability for Nuclear Damage Act (CLND) and the 1963 CSC.

She emphasised that with the “breakthrough understanding” reached in January, “now it will be up to the companies to assess for themselves the business case scenarios and make their own decisions based on the commercial aspects – how to move forward.”

“Nothing happening” Continue reading →

May 30, 2015 Posted by | India, marketing, politics international, USA | Leave a comment

Mistaken Assumptions about Past and Present US Policies to China

A Critique of US “Grand Strategy toward China”, My Catbird Seat, 

If one were to propose a realistic and reasonable ‘US Grand Strategy toward China’ one would have to start by shedding all the false assumptions and bellicose proposals that have been put forth by the CFR and the authors of the Report under review. 

May 30, 2015  Seven Mistaken Assumptions, Presumptions and Prescriptions by Dr. James Petras 

Introduction

The highly influential Council on Foreign Relations recently published a Special Report entitled, “Revising US Grand Strategy toward China”, (Council on Foreign Relations Press: NY 2015), co-authored by two of its Senior Fellows, Robert Blackwill and Ashley Tellis (‘B and T’), which proposes a re-orientation of US policy toward China.

The Report a policy for buttressing ‘US primacy in Asia’ and countering what they describe as “the dangers that China’s geo-economic and military power pose to US national interests in Asia and globally”. The Report concludes by listing seven recommendations that Washington should follow to re-assert regional primacy.

This essay begins by discussing the basic fallacies underpinning the Report, including outdated and dangerous presumptions about US power and presence in Asia today, and the authors’ incoherent, contradictory and unrealistic prescriptions. Continue reading →

May 30, 2015 Posted by | China, politics international, USA | Leave a comment

A life-saving global agreement – the Montreal Protocol

UV-radiationOzone treaty ‘prevented skin cancer deaths’ http://www.abc.net.au/science/articles/2015/05/27/4242804.htm Anna Salleh
The ozone hole over the Antarctic would have been 40 per cent bigger in 2013 if the Montreal Protocol hadn’t curbed the production of CFCs, according to a new study.

In this scenario, Australia and New Zealand would have experienced greater UV radiation, which in turn would have increased the rate of skin cancer, say the authors of a new paper today in Nature Communications.

The paper also shows that, by 2011, ozone depletion would have become a northern hemisphere problem too.

“There would have been an Antarctic-like ozone hole in the Arctic over populated regions,” says co-author Dr Richard McKenzie, an atmospheric physicist at the National Institute of Water and Atmospheric Research in New Zealand.

In the mid-1980s scientists discovered a hole in the ozone layer above Antarctica, and in 1987 the world agreed to the Montreal Protocol, which limited the production of chlorofluorocarbons (CFCs).

Despite this, the concentration of CFCs continued to rise until 1993, and even today the ozone hole reappears each spring, and this contributes to an increase in cancer-causing UV radiation in Australia and New Zealand.

But without the Montreal Protocol it could have been so much worse, say the researchers.

The team, led by Professor Martyn Chipperfield of the University of Leeds, used a ‘chemical transport model’ to calculate what would have happened over the past two decades if CFCs had not been controlled.

Importantly, the model is the most accurate to date because it uses real data on winds, which blow ozone into the ultra cold parts of the South Pole, where ozone depletion occurs at the highest rate.

‘World avoided’ scenario

According to the new model, a 40 per cent increase in the size of the Antarctic ozone hole by 2013 would have contributed to an 8 to 12 per cent increase in ultraviolet levels over Australia and New Zealand.

The model is also the first to show that, without the Montreal Protocol, a very large Arctic ozone hole would have occurred in the exceptionally cold 2010/11 northern winter, and smaller Arctic ozone holes would have become a regular occurrence.

By 2013, continued decline in ozone levels over the northern hemisphere mid-latitudes would have led to a 14 per cent increase in ultraviolet levels in the United Kingdom.

Earlier research suggests that globally, these higher UV levels would have led to a 16 to 30 per cent increase in non-melanoma skin cancers, says McKenzie.

He says the change in melanoma rates are harder to estimate, but the current model supports previous estimates that by 2030, there would have been two million more skin cancer cases (14 per cent more skin-cancer cases) per year around the world, due to higher the UV.

And, by 2065 the amount of ozone would have been about a third of current levels and the peak UV index would have been about three times higher.

“It would have been drastically bad,” says McKenzie. “So instead of it being safe for fair-skinned people to go out in the sun for maybe 15 minutes, they could only go out for five minutes, which means it wouldn’t really be safe to cross the street.”

“This ‘world avoided’ scenario is really good news. It’s clear evidence that the Montreal Protocol has already worked,” says McKenzie.

“It’s done a good job. If only climate change policy could be half as successful.”

But, regardless of future changes in ozone, people in New Zealand and Australia will need to continue to protect themselves from UV radiation, says McKenzie.

UV levels in the Southern Hemisphere are naturally much higher than those in the Northern Hemisphere because of ozone circulation patterns, cleaner air and the fact that the Earth is much closer to the Sun during the southern summer.

“The heath message doesn’t change. We need to be vigilant,” warns McKenzie.

May 30, 2015 Posted by | climate change, health, politics international | Leave a comment

USA government effectively stymied Nuclear Nonproliferation Conference

atomic-bomb-lObama Administration Sabotages Nuclear Nonproliferation Conference , 27 May 2015 By Joseph Gerson, Truthout “…..So much for President Obama’s commitment to a nuclear-weapons-free world.

With its decision on May 22 to block the adoption of the Nuclear Nonproliferation Review Conference’s consensus statement, the Obama administration gave the human species another hefty push toward nuclear catastrophe, shaking the foundations of the Nuclear Nonproliferation Treaty (NPT).

Why the sabotage? Well, for one thing, the draft text had the temerity to call for the convening of a conference within six months to prepare the way for a Middle East nuclear-weapons-and-weapons-of-mass-destruction-free zone. It called for all parties to the NPT Review – read especially the United States – to fulfill previous Review Conferences’ promises to begin the process of creating the zone.

Dangers

Though it doesn’t currently garner much media coverage, the danger of nuclear war is anything but an innocuous abstraction. Each of the nuclear powers is currently modernizing its nuclear arsenal and delivery systems. (US plans call for spending $1 trillion over the next 30 years for these nuclear weapons.) With NATO’s expansion to Russia’s borders, and Russia’s responses in Ukraine and across Europe, we have entered a new era of confrontation between nuclear superpowers, which between them possess more than 90 percent of the world’s 16,400 nuclear weapons – weapons that have been exercised in posturing during the Ukraine war.

The situation isn’t much better in Asia and the Pacific. China’s second-leading official newspaper, Global Times, said in a May 25 editorial that “war was inevitable” between China and the United States unless Washington stopped demanding that Beijing halt the building of artificial islands in a disputed waterway (the South China/Western Philippine Sea). Those islands may be designed to host naval bases for China’s nuclear-armed submarines, in order to overcome the possibility of the US and Japan blockading China’s mainland ports. Plus, at a time when the US is deepening its military alliances and deploying first-strike-related “missile defenses” along China’s periphery, China has begun installing multiple warheads on its nuclear missiles……

the near-complete failure of this year’s Review Conference further undermines the credibility of the seminal treaty, leaving the world without even a minimal agreement about how to reduce, let along eliminate, the risk of nuclear annihilation. Continue reading →

May 29, 2015 Posted by | politics international, USA, weapons and war | Leave a comment

Non-Proliferation Treaty Review Conference flounders over Middle East nuclear concerns

Dispute over Mideast nuclear arms ban set to torpedo U.N. meeting http://www.reuters.com/article/2015/05/22/us-mideast-nuclear-un-idUSKBN0O72J220150522 UNITED NATIONS | BY LOUIS CHARBONNEAU A month-long review conference on the 1970 nuclear Non-Proliferation Treaty appeared headed for failure on Friday after its members were unable to overcome disagreements on an atomic weapons ban for the Middle East and other issues. Continue reading →

May 23, 2015 Posted by | 2 WORLD, MIDDLE EAST, politics international | Leave a comment

In deference to Israel, US Rejects Nuclear Disarmament Document

US Rejects Nuclear Disarmament Document Over Israel Concerns http://abcnews.go.com/US/wireStory/us-rejects-nuclear-disarmament-document-israel-concerns-31245809

UNITED NATIONS — May 22, 2015  The United States is rejecting a global document toward ridding the world of nuclear weapons, saying Egypt and other states “cynically manipulated” the process by trying to set a deadline for Israel and its neighbors to meet within months on a Middle East zone free of such weapons.

The final document of a landmark treaty review conference Friday would call on the U.N. secretary-general to convene the conference no later than March 2016, regardless of whether Israel and its neighbors agree on an agenda.

Israel is not a party to the Nuclear Non-Proliferation Treaty and has never publicly declared what is widely considered to be an extensive nuclear weapons program.

A conference might force Israel to acknowledge it.

Discussions on the draft document are continuing after a request from Iran.

May 23, 2015 Posted by | politics international, USA, weapons and war | Leave a comment

Democracy in danger: Trans Pacific Partnership must be stopped

texy-TPPDo we really want to tell governments all around the world, including the U.S., that if they pass
legislation protecting the well-being of their citizens they could pay substantial fines to multi-national corporations because of the loss of future profits? What an incredible undermining of democracy! But that’s exactly what will happen if the TPP goes into effect.

The TPP MUst Be Defeated http://www.huffingtonpost.com/rep-bernie-sanders/the-tpp-must-be defeated_b_7352166.html?utm_hp_ref=politics  22 May 15 

Independent U.S. Senator from Vermont Congress is now debating fast track legislation that will pave the way for the disastrous Trans-Pacific Partnership (TPP) unfettered free trade agreement. At a time when our middle class is disappearing and the gap between the very rich and everyone else is growing wider, this anti-worker legislation must be defeated. Here are four reasons why.

First, the TPP follows in the footsteps of failed trade agreements like NAFTA, CAFTA, Permanent Normal Trade Relations (PNTR) with China, and the South Korea Free Trade agreement. Over and over again, supporters of these agreements told us that they would create jobs. Over and over again, they have been proven dead wrong. Continue reading →

May 23, 2015 Posted by | politics international, USA | Leave a comment

USA officials talk with Israel about a Middle East zone free of nuclear weapons

Flag-USAflag-IsraelUS pushes Israel for progress on nuclear-free zone, Y Net News
State Department officials speak with Israeli counterparts on efforts to ensure Mid-East remains nuclear nuetral.Itamar Eichner, Associated Press 05.21.15, 20:18 / Israel News

05.21.15, 20:18 / Israel NewsThe United States has sent a top official to Israel in an effort to revive talks on a Middle East zone free of nuclear weapons, a central issue of a nuclear treaty review conference that some fear will end Friday without progress on global disarmament. The State Department confirmed that the assistant secretary of state for international security and nonproliferation was in Israel to discuss the issue. An Israeli Foreign Ministry spokesman declined comment on Thomas Countryman’s visit, saying it was a “very sensitive” matter.
Ynet was informed that conversation lasted until 3a.m.

Establishing a zone free of nuclear weapons in one of the world’s most tense regions is a rare point of agreement between the United States and Russia these days. Frustrated by the delay of a conference on the zone that was supposed to take place three years ago, Russia has proposed that UN-led talks be held no later than March 2016.

Secretary of State John Kerry this month called the proposed zone an “ambitious goal and fraught with challenges” but worth pursuing. The pressure comes as the president of the review conference, Taous Feroukhi of Algeria, on Wednesday pleaded with countries to close the “still wide” gaps on major issues under disarmament and non-proliferation…….
The review conference for the landmark Nuclear Non-Proliferation Treaty takes place just every five years, and a failure to agree on a way forward would highlight the growing frustration of countries without nuclear weapons to get the nuclear-armed ones to take concrete steps to disarm. The United States and Russia hold more than 90 percent of the estimated 16,000 nuclear weapons in the world today.

Israel is not a party to the treaty but showed up this year as a surprise observer…..
Israel did not say why the talks were discontinued, but noted that the consultations were “the first direct engagement between Israel and its neighbors on this issue in over 20 years.”

Iran, a party to the treaty and engaged in talks with world powers on its own nuclear program, this month spoke on behalf of more than 100 mostly developing countries in calling for Israel to give up its nuclear weapons, calling them a regional threat.

Israel has never publicly declared what is widely considered to be an extensive nuclear weapons program.http://www.ynetnews.com/articles/0,7340,L-4660237,00.html

May 22, 2015 Posted by | Israel, politics international | Leave a comment

Gulf leaders support nuclear deal with Iran

diplomacy-not-bombsBarack Obama wins support from Gulf leaders for nuclear deal with Iran
Qatar welcomes ‘key factor for stability in region’ and Saudis voice growing acceptance of deal at end of Camp David summit., Guardian, 
  15 May 15  Barack Obama has secured support from Gulf leaders for his attempt to reach a nuclear deal with Iran as a summit outside Washington concluded on Thursday with the first glimpses of possible rapprochement on an issue that has alarmed many US allies in the region…….

Officials from the Saudi delegation, which was without King Salman after he pulled out at the last minute, were less enthusiastic but echoed growing Gulf acceptance of the deal which is expected to be finalised in Switzerland next month…….http://www.theguardian.com/us-news/2015/may/15/barack-obama-wins-support-from-gulf-leaders-for-nuclear-deal-with-iran

May 16, 2015 Posted by | MIDDLE EAST, politics international | Leave a comment

Australia’s right wing think tank uses tax breaks to promote climate change denialism

logo-IPA-wolfIPA uses Australian tax breaks to help fund U.S. climate skeptic’s libel defence Independent Australia  DeSmog Blog 16 May 2015 Environment charities like the ACF face having their Deductible Gift Recipient status stripped by the Abbott government, yet corporate mouthpiece, IPA, keep theirs to help fund U.S. climate skeptic Mark Steyn’s libel suit. Graham Readfearn fromDeSmogBlog reports.

WHEN THE facts on climate change become inconvenient or they start to rub your ideology or vested interest up the wrong way, then there are really only two options available.

Option one is to change your mind. Option two is to try and change, distort, misrepresent or just outright ignore the flood of scientific studies over decades showing the serious impacts of loading the biosphere with fossil fuel emissions.

Mark Steyn is a prominent conservative polemicist and writer in the United States and Canada who has chosen option two.

Australian “free market” think-tank The Institute of Public Affairs chose option two in the late 1980s and has stuck with it since.

Now a climate misinformation book produced by the IPA and paid for with the help of tax breaks in Australia is seemingly helping to finance Steyn in a high profile libel case.

So there are two stories to tell here – one about the libel case and the other about the book. The two meet up at the end…….. Continue reading →

May 16, 2015 Posted by | AUSTRALIA, climate change, politics international, secrets,lies and civil liberties | Leave a comment

From today, Taiwan is banning import of all foodstuffs from Japan

Author-Fukushima-diaryTaiwan to ban all food imports from Japan http://fukushima-diary.com/2015/05/taiwan-to-ban-all-food-imports-from-japan/  From 5/15/2015, Taiwan is going to ban importing all kinds of food from Japan.

plate-radiationSince 311, Taiwan has been banning all the food imports from 5 prefectures around Fukushima and required radiation test on over 800 sorts of food imports. On 4/16/2015, Taiwan announced the further restriction on Japanese food imports, which practically bans all food imports from Japan.

Japanese Ministry Agriculture, Forestry and Fisheries states the measures of Taiwan is not based on scientific facts and suggested the possibility to appeal to WTO (World Trade Organization).

http://www.maff.go.jp/mobile/press-conf/min/2015/1505/150512/150512_gaiyo05.html

http://news.2chblog.jp/archives/51840071.html

 

 

 

May 15, 2015 Posted by | politics international, Taiwan | Leave a comment

Elizabeth Warren makes a compelling case against the Trans-Pacific Partnership

logo-anti-TPPSovereignty For International Investors (Trans-Pacific Partnership highly-recommended(TPP)) http://tm.durusau.net/ May 11th, 2015 Elizabeth Warren makes a compelling case against the Trans-Pacific Partnership in The Trans-Pacific Partnership clause everyone should oppose, where she says:

…
ISDS [Investor-State Dispute Settlement] would allow foreign companies to challenge U.S. laws — and potentially to pick up huge payouts from taxpayers — without ever stepping foot in a U.S. court. Here’s how it would work. Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions — and even billions — of dollars in damages.

If that seems shocking, buckle your seat belt. ISDS could lead to gigantic fines, but it wouldn’t employ independent judges.Instead, highly paid corporate lawyers would go back and forth between representing corporations one day and sitting in judgment the next. Maybe that makes sense in an arbitration between two corporations, but not in cases between corporations and governments. If you’re a lawyer looking to maintain or attract high-paying corporate clients, how likely are you to rule against those corporations when it’s your turn in the judge’s seat?

…
The use of ISDS is on the rise around the globe. From 1959 to 2002, there were fewer than 100 ISDS claims worldwide. But in 2012 alone, there were 58 cases. Recent cases include a French company that sued Egypt because Egypt raised its minimum wage, a Swedish company that sued Germany because Germany decided to phase out nuclear power after Japan’s Fukushima disaster, and a Dutch company that sued the Czech Republic because the Czechs didn’t bail out a bank that the company partially owned. U.S. corporations have also gotten in on the action: Philip Morris is trying to use ISDS to stop Uruguay from implementing new tobacco regulations intended to cut smoking rates.
…

I understand Senator Warren’s focus on the United States, but it diverts her from a darker issue raised by the TPP.

The TPP gives international investors sovereignty equivalent to national governments. Continue reading →

May 13, 2015 Posted by | 2 WORLD, politics international, USA | Leave a comment

Sustainable Development Agenda for the world – to be launched by United Nations

flag-UN-largeIn September, The UN Launches A Major Sustainable Development Agenda For The Entire Planet, The Economic Collapse By Michael Snyder, on May 11th, 2015  

The UN plans to launch a brand new plan for managing the entire globe at the Sustainable Development Summit that it will be hosting from September 25th to September 27th.  Some of the biggest names on the planet, including Pope Francis, will be speaking at this summit.  This new sustainable agenda focuses on climate change of course, but it also specifically addresses topics such as economics, agriculture, education and gender equality.  For those wishing to expand the scope of “global governance”, sustainable development is the perfect umbrella because just about all human activity affects the environment in some way.  The phrase “for the good of the planet” can be used as an excuse to micromanage virtually every aspect of our lives.  So for those that are concerned about the growing power of the United Nations, this summit in September is something to keep an eye on.  Never before have I seen such an effort to promote a UN summit on the environment, and this new sustainable development agenda is literally a framework for managing the entire globe.

If you are not familiar with this new sustainable development agenda, the following is what the official United Nations website says about it…

The United Nations is now in the process of defining Sustainable Development Goals as part a new sustainable development agenda that must finish the job and leave no one behind. This agenda, to be launched at the Sustainable Development Summit in September 2015, is currently being discussed at the UN General Assembly, where Member States and civil society are making contributions to the agenda.

The process of arriving at the post 2015 development agenda is Member State-led with broad participation from Major Groups and other civil society stakeholders. There have been numerous inputs to the agenda, notably a set of Sustainable Development Goalsproposed by an open working group of the General Assembly, the report of an intergovernmental committee of experts on sustainable development financing, General Assembly dialogues on technology facilitation and many others.

Posted below are the 17 sustainable development goals that are being proposed so far.  Some of them seem quite reasonable.  After all, who wouldn’t want to “end poverty”.  But as you go down this list, you soon come to realize that just about everything is involved in some way.  In other words, this truly is a template for radically expanded “global governance”.  Once again, this was taken directly from the official UN website…… http://linkis.com/theeconomiccollapseblog.com/jA9PM

May 13, 2015 Posted by | 2 WORLD, politics international | Leave a comment

Moves to solve Ukrainian crisis undermined by USA’s Senate Armed Services Committee

flag-UkraineFlag-USAHow the Senate Armed Services Committee is Undermining Minsk II, Helen Caldicott M.D. by  on May 6, 2015  By James Carden, The Nation, April 30, 2015

On April 28 three European foreign ministers—Serbia’s Ivica Dačić, Germany’s Frank-Walter Steinmeier and Switzerland’s Didier Burkhalter—met in their capacities as members of the OSCE’s Ministerial Troika to discuss the latest developments in eastern Ukraine. According to the OSCE, the foreign ministers “reiterated that [the Ukraine] crisis can be resolved only through peaceful means and that the political process in that regard should be advanced without delay” and “called on all sides to fully and unconditionally respect the cease-fire.”

Meanwhile, on April 26, Financial Times reported that Kiev is coming under increased pressure from Western European capitals to do its part to implement the Minsk cease-fire agreement. According to FT, German diplomats expressed frustration that Kiev is “dragging its feet” in implementing the agreement. For his part, French President Françl;ois Holland has warned Ukrainian President Petro Poroshenko that “the only line of conduct is the full implementation of the Minsk accord.”

Yet it seems these calls for a peaceful solution to the crisis are not only falling on deaf ears, but are also purposefully being undermined, in Washington.

To wit: the same day the aforementioned troika met in Belgrade, the 28th, the Senate Armed Services Committee held a hearing on “United States Security Policy in Europe,” though perhaps, given the tenor of the hearing, it should have been held under the rubric “The Russians are Coming!”

Armed Services Committee Chairman, Senator John McCain (R-AZ), got right to the point, running down a list of Russia’s sins—real and imagined. He derided the Obama administration’s “so-called reset” policy and warned of Mr. Putin’s “neo-imperial objectives.” McCain accused Russia of violating the Minsk II cease-fire agreement and hectored NATO allies to follow the example of Poland and Estonia and increase its defense expenditures. Unbelievably, McCain closed his remarks by telling the gallery, which included a visiting delegation of Ukrainian parliamentarians, that “none of us wants to return to the Cold War.”

Depressingly, there seemed to be little daylight between McCain and the committee’s ranking member, Senator Jack Reed (D-RI). Both he and McCain have called on President Obama to “provide defense lethal assistance” to Ukraine. Only Senators Angus King (I-ME) and Joe Manchin (D-WV) expressed any skepticism towards the idea of sending lethal aid to Ukraine. The situation that pertains in the Washington of 2015, is in stark contrast to the previous Cold War. Today, it would seem, Democrats and Republicans are engaged in a contest of who can ‘out-hawk’ the other on Russia………..

it is hard, given the tenor of the policy discussion on Capitol Hill over the past week, to escape the conclusion that President Obama is under intense pressure—not only from both political parties, but also, disturbingly, from the NATO supreme allied commander—to wade ever deeper into the Ukrainian morass.

Originally published at http://www.thenation.com/article/205921/how-senate-armed-services-committee-undermining-minsk-ii  http://www.helencaldicott.com/how-the-senate-armed-services-committee-is-undermining-minsk-ii/

May 8, 2015 Posted by | politics international, Ukraine, USA, weapons and war | Leave a comment

AREVA’s woes heralding a slippery global slope for the nuclear industry?

areva-medusa1flag-franceFrench Nuclear Dynamo Stalls, NYT, By  and STANLEY REEDMAY 7, 2015 PARIS — For decades, France has been a been a living laboratory for atomic energy, getting nearly three-quarters of its electricity from nuclear power — a higher proportion by far than in any other country.

And France’s nuclear companies have long been seen as leaders in building and safely operating uranium-fueled reactors around the world — including in the United States — and championed by Paris as star exporters and ambassadors of French technological prowess.

But in the last few years, the French dynamo has started to stall. New plants that were meant to showcase the industry’s most advanced technology are years behind schedule and billions of euros over budget. Worse, recently discovered problems at one site have raised new doubts about when, or even if, they will be completed……..

Alarmed by the French industry’s problems, the Socialist government of President François Hollande is expected soon to announce an industry overhaul. As the majority owner of the country’s two main nuclear companies — the reactor maker Areva and the big utility operator Électricité de France — the government will aim not only to put the companies on a firmer financial footing but to reorganize them in hopes of restoring the French industry’s role-model luster.

On Thursday, Areva took the first of those steps by announcing big cost-cutting plans. The move is likely to trim as many as 6,000 jobs from the company’s global work force of 45,000 — as many of 4,000 of those coming in France……….

the stumbles elsewhere by Areva and Électricité de France — better known as EDF — have raised troubling questions about the viability and cost of the UK’s  Hinkley Point plant. And while Prime Minister David Cameron has courted the Chinese, other British officials have raised security questions about involving state-backed Chinese companies.

With the French companies struggling, some nuclear experts see a slippery geopolitical slope. Continue reading →

May 8, 2015 Posted by | business and costs, France, politics, politics international | Leave a comment