nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Trying to test for cracks in nuclear waste containers that have to last for over a million years

Waste from nuclear fuel must be stored for more than a million years/

“Salt can be present in the ambient air and environment anywhere, not just near the ocean. We need to be able to plan for extended long-term storage of spent nuclear fuel at nuclear power plants for the foreseeable future — it’s a national reality,”

Sandia to put nuclear waste storage canisters to the test,   https://www.newswise.com/articles/sandia-to-put-nuclear-waste-storage-canisters-to-the-test, Scientists will explore science of cracks caused by corrosion, 10-Dec-2020 by Sandia National Laboratories    Newswise — ALBUQUERQUE, N.M. — Sandia National Laboratories is outfitting three 22.5-ton, 16.5-feet-long stainless-steel storage canisters with heaters and instrumentation to simulate nuclear waste so researchers can study their durability.

The three canisters, which arrived in mid-November and have never contained any nuclear materials, will be used to study how much salt gathers on canisters over time. Sandia will also study the potential for cracks caused by salt- and stress-induced corrosion with additional canisters that will be delivered during the next stage of the project.

Currently there is not an operating geologic repository in the U.S. for the permanent disposal of spent nuclear fuel. As a result, spent fuel is being stored at commercial nuclear power plants in both storage pools and dry storage canisters. The storage canisters currently holding the spent nuclear fuel were designed to have a useful life of a few decades but will now likely need to be used longer than planned, said Tito Bonano, Sandia’s nuclear energy fuel cycle senior manager.

Data is urgently needed to validate and guide how industry should manage storage canisters for longer than originally anticipated, Bonano said.

“Salt can be present in the ambient air and environment anywhere, not just near the ocean. We need to be able to plan for extended long-term storage of spent nuclear fuel at nuclear power plants for the foreseeable future — it’s a national reality,” he said.

The researchers expect the project could have long-reaching implications for public health and safety, industry practices, regulatory framework and defining future research paths, said Bonano.

The three-year project is funded by the Department of Energy’s Nuclear Energy office. Overall, fifteen never-used, never-irradiated DOE-owned canisters are being distributed for large scale testing to Sandia and two other national laboratories, an industry research institute and an independent storage facility at an existing nuclear power plant.

Waste from nuclear fuel must be stored for more than a million years

Nuclear power plants use uranium pellets inside a metal-cladded tube, called a fuel rod, to power reactors to create the heat needed to make electricity. After the fuel rods can no longer be used in the reactor, they need to be stored onsite until they are taken offsite to another facility and eventually permanently disposed because they will be radioactive for a long time, said Samuel Durbin, a mechanical engineer and Sandia’s canister project lead.

“When fuel is removed from a reactor, it’s very hot, both in temperature and radioactivity” Durbin said. “The utility loads it into a pool for about five years to cool down. After that, the spent fuel can be offloaded into a dry storage canister.”

A storage canister starts as a flat piece of stainless steel that is rolled into a cylinder and then welded where the seams come together. The heat from the welding creates heat-affected zones in the seams of the canister that experience tensile, or pulling, stress. This stress makes these areas around the welds more susceptible to corrosion from salt over time, said Durbin.

Research will test how much salt deposits on canisters over time

Sandia received three canisters Nov. 13. The research team will outfit each of them with 32 electrical heaters to simulate the decay heat, which is heat released as a result of radioactive decay, from the 32 spent fuel assemblies that would typically be stored in this type of canister. No radioactive materials will be used in the testing, Durbin said.

Instruments called thermocouples, which measure temperature, and other sensors for diagnostic testing and surface sampling also will be added, he said.

Once the outfitted canisters have been tested and repacked for transport at Sandia, the team plans to move them to a storage pad at an independent spent fuel storage installation on the West Coast where they will experience the same real-life conditions of in-use canisters. The Sandia team, led by managers Sylvia Saltzstein and Geoff Freeze, Durbin, and chemists/corrosion scientists Charles Bryan and Rebecca Schaller, along with partners from other national laboratories will monitor the test canisters and record surface deposits, especially chloride-bearing salts, for three to more than 10 years, depending on how much the data varies over time.

“Sodium-chloride, or salt, that settles on the surface of spent nuclear-fuel canisters can lead to chloride-induced stress corrosion cracking, and right now there is inadequate data on these surface deposits,” said Durbin.

In real-life storage of nuclear waste, Durbin said the decay heat from the spent fuel creates natural convection around the storage canisters, causing outside air to be drawn over the canister surface. This process helps cool the spent fuel over time. As ambient air is drawn in, salt and other particulates in the air are drawn in as well and can settle on the canister surface. During the test, the electrical heaters installed inside the canisters at Sandia will replicate this decay heat-driven convection without using nuclear materials.

In hot, dry conditions, Durbin said salt deposits alone don’t cause any issues, but over time, as the decay heat decreases and the canister cools, water can condense on the canister surface and a brine can form.

“These conditions can occur nationwide and are seen as precursors to chloride-induced, stress-corrosion cracking. Back when these canisters were being designed, people weren’t thinking about this as an issue because we had a plan for permanent disposal. The current national nuclear waste situation forces canisters to be stored onsite for the foreseeable future, which could be 100 years or longer, so stress corrosion cracking becomes more of a concern,” Durbin said.

In addition to the long-term heating and surface deposition test, Sandia will use up to another three canisters for laboratory-based tests to conduct fundamental research on cracking caused by salt and stress, especially on the welded seams and intersections of the canisters. Researchers will measure the effectiveness of commercially available crack repair and mitigation coatings.

To test these seams, the team will cut the canisters into small segments and test pieces with and without welded seams to study the pre-cursor conditions for salt and stress to cause the corrosion that leads to cracks, he said.

December 12, 2020 Posted by | Reference, safety, USA, wastes | Leave a comment

Growing political opposition in Canada to Small Nuclear Reactors

December 10, 2020 Posted by | Canada, opposition to nuclear, politics, Small Modular Nuclear Reactors | Leave a comment

With Small Nuclear Reactors (SMRs) Canada is back in the nuclear weapons business

Canada re-engages in the Nuclear Weapons Business with SMRs,  December 3, 2020, WWW.HILLTIMES.COM/2020/12/03/CANADA-RE-ENTERS-NUCLEAR-WEAPONS-BUSINESS-WITH-SMALL-MODULAR-REACTORS/274591

Natural Resources Minister Seamus O’Regan is expected to announce within weeks his government’s action plan for development of “small modular” nuclear reactors (SMRs).

SMR developers already control the federally-subsidized Chalk River Laboratories and other facilities owned by the crown corporation, Atomic Energy of Canada Limited (AECL).  Canada is now poised to play a supporting role in the global nuclear weapons business, much as it did during World War II.

Canada was part of the Manhattan project with the U.S. and U.K. to produce atomic bombs.  In 1943 the three countries agreed to build a facility in Canada to produce plutonium for nuclear weapons.  Researchers who trained at the Chalk River Laboratories went on to launch weapons programs in the U.K. and France.  Chalk River provided plutonium for U.S. weapons until the 1960s.

Canada’s Nuclear Schizophrenia describes a long tradition of nuclear cooperation with the United States:  “For example, in the early 1950s, the U.S. Navy used Canadian technology to design a small reactor for powering its nuclear submarines.”  C.D. Howe, after creating AECL in 1952 to develop nuclear reactors and sell weapons plutonium, remarked that “we in Canada are not engaged in military development, but the work that we are doing at Chalk River is of importance to military developments.”

The uranium used in the 1945 Hiroshima bomb may have been mined and refined in Canada. According to Jim Harding’s book Canada’s Deadly Secret: Saskatchewan Uranium and the Global Nuclear System, from 1953 to 1969, all the uranium mined in Saskatchewan went to make U.S. nuclear weapons. Canada remains the world’s second-largest producer of uranium.  North America’s only currently operating uranium processing facility is owned by Cameco in Port Hope, Ontario.

Canada built India’s CIRUS reactor, which started up in 1960 and produced the plutonium for India’s first nuclear explosion in 1974. Canada also built Pakistan’s first nuclear reactor, which started up in 1972.  Although this reactor was not used to make weapons plutonium, it helped train the engineers who eventually exploded Pakistan’s first nuclear weapons in 1998.

In 2015 the Harper Government contracted a multi-national consortium called Canadian National Energy Alliance – now comprised of two U.S. companies, Fluor and Jacobs, along with Canada’s SNC-Lavalin – to operate AECL’s nuclear sites, the main one being at Chalk River.  Fluor operates the Savannah River Site, a South Carolina nuclear weapons facility, under contract to the U.S. Department of Energy (DOE).  Jacobs also has contracts at DOE weapons facilities and is part of a consortium that operates the U.K. Atomic Weapons Establishment.


Joe McBrearty
, the president of the consortium’s subsidiary that operates Chalk River and other federal nuclear sites, was a U.S. Navy nuclear submarine commander and then chief operating officer for the DOE’s nuclear laboratories between 2010 and 2019.

All three consortium partners have investments in SMRs and are ramping up research and development at AECL’s Chalk River facility. Some SMR designs would use uranium enriched to levels well beyond those in current reactors; others would use plutonium fuel; others would use fuel dissolved in molten salt.   All of these pose new and problematic weapons proliferation risks.

Rolls Royce, an original consortium partner that makes reactors for the U.K.’s nuclear submarines, is lead partner in a U.K. consortium (including SNC-Lavalin) that was recently funded by the U.K. government to advance that country’s SMR program.

A military bromance: SMRs to support and cross-subsidize the UK nuclear weapons program, says “Industry and government in the UK openly promote SMRs on the grounds that an SMR industry would support the nuclear weapons program (in particular the submarine program) by providing a pool of trained nuclear experts, and that in so doing an SMR industry will cross-subsidize the weapons program.” 

The article quotes a 2017 Rolls Royce study as follows: “expansion of a nuclear-capable skilled workforce through a civil nuclear UK SMR programme would relieve the Ministry of Defence of the burden of developing and retaining skills and capability.”

The SMR connection to weapons and submarines could hardly be clearer – without SMRs, the U.S. and U.K. will experience a shortage of trained engineers to maintain their nuclear weapons programs.

With the takeover of AECL’s Chalk River Laboratories by SMR developers, and growing federal government support for SMRs, Canada has become part of a global regime linking nuclear power and nuclear weapons.

December 10, 2020 Posted by | Canada, Small Modular Nuclear Reactors, weapons and war | Leave a comment

Opponents of the Ohio bailout of nuclear industry want more than just a freeze on this law

December 10, 2020 Posted by | politics, USA | Leave a comment

Significant problems for UK’s Trident nuclear deterrent ,if U.S. Congress refuses to fund a next-generation warhead.

December 10, 2020 Posted by | politics international, UK, USA, weapons and war | Leave a comment

Federal funding for new nuclear reactors is a serious mistake that blocks swift ation on climate

December 10, 2020 Posted by | Canada, climate change, politics, Small Modular Nuclear Reactors | Leave a comment

Canada’s Coalition for Responsible Energy Development sceptical about Small Nuclear Reactors

Questions abound about New Brunswick’s embrace of small nuclear reactors
Critics question business case, but CEO says the market is ‘screaming’ for the units,
 Jacques Poitras · CBC News Dec 07, 2020

When Mike Holland talks about small modular nuclear reactors, he sees dollar signs.

When the Green Party hears about them, they see danger signs.

The loquacious Progressive Conservative minister of energy development recently quoted NB Power’s eye-popping estimates of the potential economic impact of the reactors: thousands of jobs and a $1 billion boost to the provincial economy.

“New Brunswick is positioned to not only participate in this opportunity, but to be a world leader in the SMR field,” Holland said in the legislature last month.

Green MLAs David Coon and Kevin Arseneau responded cheekily by ticking off the Financial and Consumer Services Commission’s checklist on how to spot a scam.

Is the sales pitch from a credible source? Is the windfall being promised by a reputable institution? Is the risk reasonable?

For small nuclear reactors, they said, the answer to all those questions is no. 

“The last thing we need to do is pour more public money down the nuclear-power drain,” Coon said, reminding MLAs of the Point Lepreau refurbishment project that went $1 billion over budget. …….

Premier Blaine Higgs is a fervent supporter, but in the last provincial election the Liberals promised they’d do even more than Higgs to promote them.

Under Brian Gallant, the Liberals handed $10 million to two Saint John companies working on SMRs, ARC Nuclear and Moltex Energy.

Greens point to previous fiascoes

The Greens and other opponents of nuclear power fear SMRS are the latest in a long line of silver-bullet fiascoes, from the $23 million spent on the Bricklin in 1975 to $63.4 million in loans and loan guarantees to the Atcon Group a decade ago.

“It seems that [ARC and Moltex] have been targeting New Brunswick for another big handout … because it’s going to take billions of dollars to build these things, if they ever get off the drawing board,” said Susan O’Donnell, a University of New Brunswick researcher.

O’Donnell, who studies technology adoption in communities, is part of a small new group called the Coalition for Responsible Energy Development formed this year to oppose SMRs.

“What we really need here is a reasonable discussion about the pros and cons of it,” she said……..

What we didn’t see was a market analysis,” O’Donnell said. “How viable is the market? … They’re all based on a hypothetical market that probably doesn’t exist.”

O’Donnell said her group asked for the full report but was told it’s confidential because it contains sensitive commercial information………..

The market is screaming for this product,”  Rory O’Sullivan, CEO of Moltex said, adding “all of the utilities” in Canada are interested in Moltex’s reactors ……

ARC’s CEO Norm Sawyer is more specific, guessing 30 per cent of his SMR sales will be in Atlantic Canada, 30 per cent in Ontario and 40 per cent in Alberta and Saskatchewan — all provincial power grids.

O’Donnell said it’s an important question because without a large number of guaranteed sales, the high cost of manufacturing SMRs would make the initiative a money-loser.

The cost of building the world’s only functioning SMR, in Russia, was four times what was expected.

An Australian government agency said initial cost estimates for such major projects “are often initially too low” and can “overrun.”

Up-front costs can be huge

University of British Columbia physicist M.V. Ramana, who has authored studies on the economics of nuclear power, said SMRs face the same financial reality as any large-scale manufacturing.

“You’re going to spend a huge amount of money on the basic fixed costs” at the outset, he said, with costs per unit becoming more viable only after more units are built and sold.

He estimates a company would have to build and sell more than 700 SMRs to break even, and said there are not enough buyers for that to happen. ….

O’Sullivan says:    “In fact, just the first one alone looks like it will still be economical,” he said. “In reality, you probably need a few … but you’re talking about one or two, maximum three [to make a profit] because you don’t need these big factories.”

‘Paper designs’ prove nothing, says expert

Ramana doesn’t buy it.

“These are all companies that have been started by somebody who’s been in the nuclear industry for some years, has a bright idea, finds an angel investor who’s given them a few million dollars,” he said.

“They have a paper design, or a Power Point design. They have not built anything. They have not tested anything. To go from that point … to a design that can actually be constructed on the field is an enormous amount of work.

Both CEOs acknowledge the skepticism about SMRs.

“I understand New Brunswick has had its share of good investments and its share of what we consider questionable investments,” said ARC’s CEO Norm Sawyer….

But he said ARC’s SMR is based on a long-proven technology and is far past the on-paper design stage “so you reduce the risk.”

Moltex is now completing the first phase of the Canadian Nuclear Safety Commission’s review of its design, a major hurdle. ARC completed that phase last year.

But, Ramana said there are problems with both designs. Moltex’s molten salt model has had “huge technical challenges” elsewhere while ARC’s sodium-cooled system has encountered “operational difficulties.” …..

federal Natural Resources Minister Seamus O’Regan told CBC earlier this year that he’s “very excited” about SMRs…..

O’Donnell said while nuclear power doesn’t emit greenhouse gases, it’s hardly a clean technology because of the spent nuclear fuel waste.

Government support is key

She also wonders why, if SMRs make so much sense, ARC and Moltex are relying so much on government money rather than private capital.

…….. So far, Ottawa hasn’t put up any funding for ARC or Moltex. During the provincial election campaign, Higgs implied federal money was imminent, but there’s been no announcement in the almost three months since then.

Last month the federal government announced $20 million for Terrestrial Energy, an Ontario company working on SMRs.

…….O’Donnell said her group plans to continue asking questions about SMRs.

“I think what we really need is to have an honest conversation about what these are so that New Brunswickers can have all the facts on the table,” she said.  https://www.cbc.ca/news/canada/new-brunswick/questions-small-nuclear-reactors-1.5828784

 

December 8, 2020 Posted by | Canada, Small Modular Nuclear Reactors | 1 Comment

Nuclear powered electric vehicles? not existing, and not likely

December 8, 2020 Posted by | spinbuster, technology, USA | Leave a comment

USA Republicans and Democrats can’t agree on funding to help Covid-9 victims, but there’s always money for war.

December 7, 2020 Posted by | politics, USA, weapons and war | 1 Comment

Three Mile Island – radiation is forever – will nuclear waste storage withstand flooding?

December 7, 2020 Posted by | USA, wastes | Leave a comment

Good Biden-Kim Relationship Necessary to Avoid a Nuclear Crisis 

Good Biden-Kim Relationship Necessary to Avoid a Nuclear Crisis   Council  on Foreign Relations,  by Guest Blogger for Asia Unbound,  December 4, 2020   The incoming Biden administration will face a nuclear catastrophe unless it can build good relations with North Korea. The U.S. President-Elect can begin by sending the right signals to North Korean leader Kim Jong-un.

Because North Korea has nuclear weapons, the Biden administration cannot unilaterally impose terms on Pyongyang. Refusal to even talk with Pyongyang until it takes steps to denuclearize is a foolish and dangerous approach. Such an approach will likely inflame tensions and return Washington to a tense nuclear standoff with Pyongyang that poses a risk of miscalculation and accidental escalation into a nuclear war. Biden may be under pressure to be “tough” on North Korea to differentiate himself from Trump’s alleged cozy relationship with the North Korean dictator. However, a hostile stance toward Pyongyang will only make North Korea feel more insecure and drive Kim to pursue further nuclear development to ensure his regime’s survival.
Washington must recognize that Pyongyang has no incentive to denuclearize if the regime finds in nuclear weapons a guarantor of its survival and prestige. …………. https://www.cfr.org/blog/good-biden-kim-relationship-necessary-avoid-nuclear-crisis

December 7, 2020 Posted by | North Korea, politics international, USA | Leave a comment

President-elect Joe Biden – in the grip of the “new nuclear” industry

Biden, once a critic, may boost nuclear power, Peter Behr, E&E News reporter , December 3, 2020 When mismanagement of a nuclear plant on the Lower Delaware River forced an emergency shutdown in 1994, harsh criticism came from a junior U.S. senator whose state lay opposite the Salem, N.J., plant 3 miles away.”For more than a decade, I have sought expanded oversight, enforcement and sanctions to make the Salem facility operate according to the law,” then-Sen. Joe Biden (D-Del.) said, accusing the operator and the Nuclear Regulatory Commission of turning a blind eye to serious, repeated safety issues, including dangerously degraded reactor equipment.

Fast-forward a quarter-century, and now it is President-elect Biden who has included proposals for a new generation of nuclear reactors in his clean energy platform, parting ways with “no-nuke” progressives further to his left.

It isn’t clear how hard Biden will fight in the next few years to support the possible development of a fleet of still-experimental, billion-dollar reactors that wouldn’t come online until at least the 2030s.

A second issue centers on the 95 operating U.S. reactors, some of which may close prematurely because they are losing money, plant owners warn. Getting public support to hold on to the plants’ zero-carbon electricity has been an issue for state governors, but not the White House, so far.

In the 2020 presidential campaign, Biden focused his support for nuclear power on new designs……

“Joe Biden was the first Democratic presidential candidate who’s ever actively talked about advanced nuclear power” as part of the campaign platform, said Jeff Navin, acting chief of staff at the Department of Energy in President Obama’s first term. Navin heads governmental affairs and public policy for TerraPower LLC in Bellevue, Wash., which won an $80 million DOE contract in October to further its novel reactor design.

Navin said he does not think that Vice President-elect Kamala Harris’ reservations about nuclear power as a senator will turn into opposition as Biden’s No. 2. Harris, for example, had opposed the 2018 Nuclear Energy Innovation and Modernization Act — co-sponsored by Sen. Cory Booker (D-N.J.), her 2019 opponent in the Democratic presidential primary — citing reactor safety and nuclear waste disposal concerns………

“Things we’ve seen out of the Biden campaign and the transition team are very promising for a continuation and even acceleration of programs and policies that will support nuclear energy,” said John Kotek, policy development vice president for the Nuclear Energy Institute, the industry’s chief lobbying organization. Kotek was assistant DOE secretary for nuclear energy in the Obama administration. ………

But Biden will hear from environmental policy advocates and nuclear power opponents protesting that the NRC has gone too far to streamline and reduce costs of safety oversight on old reactors as well as safety reviews of new reactor designs.

“The Biden administration will have to turn first to regulatory issues and repair the damage that’s been done at the NRC over the past four years” under President Trump, said Matthew McKinzie, director of the nuclear, climate and clean energy program at the Natural Resources Defense Council.

There are still too many critical questions about new reactor designs to justify writing them into clean energy plans, McKinzie said. “We are very far from an understanding of whether they could ever be commercialized,” he said……..

Transition choices

To head his transition team on energy, Biden chose one of the top technology experts in the Obama administration, Arun Majumdar, founding director of the Advanced Research Projects Agency-Energy (ARPA-E), which funds experimental energy technologies. Majumdar now directs a Stanford University energy institute (Energywire, Nov. 19).

Others on the Biden-Harris transition team bring specific expertise on nuclear issues, including Rachel Slaybaugh, a nuclear engineering professor at the University of California, Berkeley, and a senior technical adviser at ARPA-E……. https://www.eenews.net/stories/1063719675

December 5, 2020 Posted by | election USA 2020 | Leave a comment

Reject Michele Flournoy as U.S. Defense Secretary – too close to military-industrial-complex

December 5, 2020 Posted by | election USA 2020, politics, weapons and war | Leave a comment

Analysis: why Michèle Flournoy should not be U.S. Secretary of Defense

December 4, 2020 Posted by | election USA 2020, politics, weapons and war | 2 Comments

Biden’s team includes top posts linked to corporations and military contractors

Biden Aides’ Ties to Consulting and Investment Firms Pose Ethics Test
Some of the president-elect’s choices for top posts have done work for undisclosed corporate clients and aided a fund that invests in government contractors.
NYT,  By Eric Lipton and Kenneth P. Vogel,  Dec. 1, 2020

WASHINGTON — One firm helps companies navigate global risks and the political and procedural ins and outs of Washington. The other is an investment fund with a particular interest in military contractors.

But the consulting firm, WestExec Advisors, and the investment fund, Pine Island Capital Partners, call themselves strategic partners and have featured an overlapping roster of politically connected officials — including some of the most prominent names on President-elect Joseph R. Biden Jr.’s team and others under consideration for high-ranking posts.

Now the Biden team’s links to these entities are presenting the incoming administration with its first test of transparency and ethics.

The two firms are examples of how former officials leverage their expertise, connections and access on behalf of corporations and other interests, without in some cases disclosing details about their work, including the names of the clients or what they are paid.

And when those officials cycle back into government positions, as Democrats affiliated with WestExec and Pine Island are now, they bring with them questions about whether they might favor or give special access to the companies they had worked with in the private sector. Those questions do not go away, ethics experts say, just because the officials cut their ties to their firms and clients, as the Biden transition team says its nominees will do.

WestExec’s founders include Antony J. Blinken, Mr. Biden’s choice to be his secretary of state, and Michèle A. Flournoy, one of the leading candidates to be his defense secretary. Among others to come out of WestExec are Avril Haines, Mr. Biden’s pick to be director of national intelligence; Christina Killingsworth, who is helping the president-elect organize his White House budget office; Ely Ratner, who is helping organize the Biden transition at the Pentagon; and Jennifer Psaki, an adviser on Mr. Biden’s transition team.

WestExec did not respond when asked for a list of its clients. But according to people familiar with the arrangement, they include Shield AI, a San Diego-based company that makes surveillance drones and signed a contract worth as much as $7.2 million with the Air Force this year to deliver artificial intelligence tools to help drones operate in combat missions.

At the same time, Mr. Blinken and Ms. Flournoy have served as advisers to Pine Island Capital, which this month raised $218 million for a new fund to finance investments in military and aerospace companies, among other targets.

The team recruited by Pine Island Capital Partners — which is led by John Thain, the chief executive of Merrill Lynch at the time of its collapse in 2008 during the recession and sale to Bank of America — was chosen based on its members’ “access, network and expertise” to help the company “take advantage of the current and future opportunities present in the aerospace, defense and government services industries,” including artificial intelligence, according to a Securities and Exchange Commission filing in September describing the new fund, Pine Island Acquisition Corporation.

Pine Island Capital has been on something of a buying spree this year, purchasing the weapons system parts manufacturer Precinmac and a company until recently known as Meggitt Training Systems and now known as InVeris, which sells computer-simulated weapons training systems to the Pentagon and law enforcement agencies.

Another person listed as a member of the Pine Island team is Lloyd J. Austin III, a retired Army general who is also under consideration for defense secretary, according to a person familiar with the selection process……..

Mr. Biden’s team has faced pressure from the left and government watchdogs to outline steps to minimize the sort of corporate influence and conflicts of interest that marked President Trump’s tenure from the start.

These groups worry not only that Mr. Biden’s aides could shape government policies in ways that could benefit companies that paid their firms, but also that the firms could become magnets for access seekers in the Biden administration……….. https://www.nytimes.com/2020/11/28/us/politics/biden-westexec.html?smid=tw-share

December 4, 2020 Posted by | election USA 2020, politics | Leave a comment