nuclear costs « nuclear-news

Many a slip between Sweden’s nuclear cup and the lip

The Riksdag voted in favor of renewing nuclear power—…..by the near-divided vote of 174-172. The left-leaning opposition party has vowed to reverse the legislation if it gains power in September’s general election….Even if the overturn of the ban stands, political will alone does not new nuclear power plants make–as neighboring Finland can attest.

Sweden Goes Nuclear (maybe) TIME, by Eben Harrell , June 18, 2010, The Riksdag, Sweden’s parliament, voted on June 17 to overturn a three-decades old ban on new nuclear reactors in what many see as a test-case for the long-predicted “nuclear renaissance ” in Europe.The legislation annuls a a referendum in 1980 in which Sweden’s population voted against renewing or replacing the country’s fleet of 12 power plants…….

But yesterday’s vote is no simple victory for nuclear supporters. Continue reading →

June 19, 2010 Posted by Christina Macpherson | politics, Sweden | antinuclear, nuclear, nuclear costs, nuclear renaissance, nuclear secrecy, nuclear spin, nuclear wastes, uranium | Leave a comment

Tax-payers liable if nuclear reactor plan goes belly up

It’s Official – Taxpayers Take On Nuclear Risk, CleanEnergy Footprints, 18 June 2010, Today the utility giant Southern Company agreed to the terms of its portion of the $8.3 billion conditional loan guarantee awarded by the Obama Administration back in February for the proposed two new reactors it wants to build along with its utility partners at Plant Vogtle in Georgia. So now U.S. taxpayers are officially on the hook if the project goes belly up. Continue reading →

June 19, 2010 Posted by Christina Macpherson | business and costs, USA | antinuclear, energy efficiency, nuclear costs, nuclear renaissance, nuclear secrecy, nuclear spin, reactors, uranium | Leave a comment

Is Obama’s call for “clean” energy in fact a push for nuclear power?

Obama’s Gulf oil catastrophe Oval Office call for “clean energy” tacit push for taxpayer-backed atomic power expansion, Beyond Nuclear, 18 June 2010, ?Although President Barack Obama did not say the words “nuclear power” in his first ever Oval Office address to the nation on June 15th, his call for an accelerated “transition to clean energy” in response to the worst environmental catastrophe in U.S. history — the worsening oil catastrophe in the Gulf of Mexico — represents a tacit push for the expansion of atomic energy.

Such a nuclear relapse would only take place by transferring the financial risks and even direct costs (not to mention the radiological risks) squarely on the backs of taxpayers. Obama’s speech only adds to concerns this his choice of pro-nuclear co-chairs to head his oil catastrophe investigative panel could serve as a cynical pretext for advancing the dirty, dangerous, and expensive atomic reactors and associated facilities. Continue reading →

June 18, 2010 Posted by Christina Macpherson | politics, USA | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear wastes, nuclear weapons, radioactive, reactors, uranium | Leave a comment

British govt axes nuclear industry loan – a blow to the industry

The announcement is a blow both to the company and the nuclear sector

UK Axes GBP80 Mln Sheffield Nuclear Industry Loan – WSJ.comBy Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones) 17 June 2010, –The U.K. government Thursday axed an GBP80 million loan to Sheffield Forgemasters International Ltd. for equipment to make the large forgings for nuclear power stations as part of broader spending cuts. Continue reading →

June 18, 2010 Posted by Christina Macpherson | business and costs, UK | antinuclear, EDF, nuclear, nuclear costs, nuclear spin, nuclear technology, reactors | Leave a comment

India’s Chambers of Commerce call for Nuclear Suppliers to be liable for accidents and delays

The Chamber is also of the view that that there should be a provision in the Bill which allows and entitles victims for higher compensation from Higher Courts. It also proposes that the Government may consider provision for cost over runs due to regulatory delays.

ASSOCHAM seeks clause in civil nuclear liability for precaution against tragedy India Infoline News Service, Jun 17, 2010 Nuclear Supplier may include anybody and everybody who supplies equipments, instruments, spare parts, contractual labor accounting for 5% or above of the total project cost.The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has proposed that all nuclear supplier(s) as well operators subjected to a clause as per which compensation is ensured in an equitable manner Continue reading →

June 18, 2010 Posted by Christina Macpherson | India, Legal | antinuclear, nuclear, nuclear costs, nuclear renaissance, nuclear wastes, radioactive, reactors, uranium, Westinghouse | Leave a comment

American city mayors call for a stop to nuclear weapons modernisation

“The U.S. Conference of Mayors calls on the U.S. Congress to terminate funding for modernization of the nuclear weapons complex and nuclear weapons systems, to reduce spending on nuclear weapons programs well below Cold War levels, and to redirect funds to meet the urgent needs of cities.”

U.S. Conference of Mayors Calls on Congress to Slash Nuclear Weapons | WarIsACrime.org, 18 June 2010, Spending and Redirect Funds to Meet the Needs of Cities Mayors for Peace congratulates the U.S. Conference of Mayors (USCM) for unanimously adopting a groundbreaking resolution, Supporting U.S. Participation in Global Elimination of Nuclear Weapons and Redirection of Nuclear Weapons Spending to Meet the Needs of Cities, at the conclusion of its 78th annual meeting in Oklahoma City on June 14, 2010. Continue reading →

June 18, 2010 Posted by Christina Macpherson | USA, weapons and war | antinuclear, nuclear, nuclear costs, nuclear spin, nuclear weapons | Leave a comment

Just like oil, nuclear ‘safety reviews’ rubber-stamped industry analyses

the Nuclear Regulatory Commission (NRC) Office of Inspector General reported in 2006 that NRC staff “safety reviews” of atomic reactor 20 year license extension applications were regularly “cut and pasted” directly from nuclear utility analyses, sometimes verbatim. NRC has thus far rubberstamped approval for every single one of the over 50 license extension requests it has recieved, with many more awaiting approval.

House hearing ion Gulf catastrophe should serve as a warning on reactor risks, Beyond Nuclear 18 June 2010, The grilling of BP and other oil company executives at a June 15, 2010 U.S. House of Representatives Energy and Environment Subcommittee hearing on the BP Gulf of Mexico oil catastrophe should serve as a warning that very similar risks exist in the nuclear power industry, albeit radiological rather than petrol. Continue reading →

June 18, 2010 Posted by Christina Macpherson | safety, USA | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear wastes, radioactive, reactors, uranium | Leave a comment

Taxpayer would cop major cost of UK nuclear wastes

The real costs of nuclear power ,The Guardian, Darren Johnson , 17 June 2010, Paul Spence says the nuclear industry expects to pay the full cost of decommissioning a new generation of nuclear power stations (Response, 15 June). But his words about “our full share of waste management and disposal costs” were carefully chosen. The consultation document reveals that EDF considers their full share of these costs to be around 20% of the total. As our report Nuclear Power? No Point! highlighted last year, nuclear is only responsible for 4% of the energy consumed in the UK. More energy can be saved by energy conservation measures in homes and businesses. Focusing on the nuclear industry takes resources away from building new renewable capacity, which, given sufficient political will, could provide more than enough electricity for the UK.

Letters: The real costs of nuclear power | Environment | The Guardian

June 18, 2010 Posted by Christina Macpherson | politics, UK | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear wastes, radiation, radioactive, uranium | Leave a comment

No sign of any improvement in price of uranium

Uranium oxide price shows no sign of moving | Industrial Fuels and Power News . Trading June 17th, 2010 by IFandP NewsroomThe uranium spot market remains in the doldrums. The weekly spot price for uranium oxide hovered at US$40.75 in the week ended June 14 with no change from the previous week, according to Ux Consulting Co, a view echoed by TradeTech. ….

Uranium oxide price shows no sign of moving | Industrial Fuels and Power

June 18, 2010 Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, nuclear costs, uranium | Leave a comment

Namibian people will not benefit fron uranium mining

What does all this uranium rush mean to the average Namibian?
If the overall socio-economic impact of the Namibian diamond industry is anything to go by, the upsurge in activity in the local uranium industry is likely to be an economic non-event for the majority of the citizens as no significant economic gains and individual development is to be expected..

Uranium: the future of Namibia mining, but who is benefiting? Informante, by Mathew Nyaungwa , 17 June 2010 “….it is not surprising at all that there has been a strong appetite for uranium… Continue reading →

June 18, 2010 Posted by Christina Macpherson | Namibia, politics | antinuclear, indigenous, nuclear, nuclear costs, nuclear wastes, uranium | Leave a comment

Bill Gates’ pie in the sky idea for prolonging the agony of declining nuclear industry

TerraPower’s Multibillion-Dollar Nuclear Reactor Plan – Venture Capital Dispatch – WSJ, 16 June 2010, By Yuliya ChernovaIf your first product is due on the market in nine years, at a cost of between $3 billion and $4 billion, can you raise venture money now? In the case of TerraPower LLC, the answer is yes. The Bellevue, Wash.-based nuclear technology developer announced this week it raised $35 million in its Series B round from new investor Khosla Ventures and returning backers Charles River Ventures and Bill Gates.
…………. there are still years of engineering and development work ahead for the team………
Besides having to overcome technological and financial challenges, TerraPower would also have to deal with a difficult regulatory framework. In the U.S., the Nuclear Regulatory Commission issues licenses for new nuclear power plant designs; it typically takes years to secure one.

June 17, 2010 Posted by Christina Macpherson | business and costs, USA | antinuclear, nuclear, nuclear costs, nuclear renaissance, nuclear spin, nuclear technology, reactors | Leave a comment

In light of new tax, Europe’s nuclear industry faces uncertain future

other countries could adopt similar measures on all utilities, or on target nuclear….the new move will bring uncertainty in the European nuclear sector,

Huge nuclear tax on the cards in Germany, World Nuclear News, By Rumyana Vakarelska, 15 June 2010 The German Ministry of Finance has envisaged an additional €2.3 billion ($2.8 billion) per year ‘windfall tax’ on nuclear operators as part of the 2011 Federal Budget and its financial plan up to 2014………..According to the German Finance Ministry the charge “will be necessary, as part of an overall energy concept, to prolong the operational life of nuclear power plants.” At a time when Germany is looking for tens of billions of euros in budget savings, the ministry said that the money will be used to meet nuclear decommissioning and final repository costs…… Continue reading →

June 17, 2010 Posted by Christina Macpherson | business and costs, Germany | antinuclear, AREVA, EDF, France, nuclear, nuclear costs, nuclear secrecy, nuclear spin, reactors, uranium | Leave a comment

India’s nuclear liabilty Bill designed to protect Westinghouse and General Electric

“What Westinghouse and General Electric want is that even the limited liability that accrued to the Union Carbide in the case of Bhopal [$470 million as per the settlement approved by the Supreme Court] should not fall on them.”

Bill meant to safeguard U.S. firms, says Karat, The Hindu , 17 June 2010, NEW DELHI: The Manmohan Singh-led government is under pressure from Washington on the Civil Nuclear Liability Bill and the proposed legislation bears the handiwork of the U.S. nuclear industry lobby. Continue reading →

June 17, 2010 Posted by Christina Macpherson | India, secrets,lies and civil liberties | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear technology, nuclear wastes, radioactive, reactors, uranium, Westinghouse | Leave a comment

U.S.- Russia agreement designed to further commercial nuclear power

The Importance of the US-Russia 123 Agreement, ClimateIntel. June 16, 2010 The Agreement between the Government of the United States of America and the Government of the Russian Federation for Cooperation in the Field of Peaceful Uses of Nuclear Energy (also known as the 123 Agreement) serves not only non-proliferation, but also the commercial interests of both countries…..

The U.S.-Russia agreement for peaceful nuclear cooperation would create a legal framework for:

exporting U.S. nuclear technology, material, or equipment;
importing Russian nuclear technology;
jointly developing advanced nuclear technologies;
reprocessing in Russia of U.S.-origin spent nuclear fuel from various U.S. partners (i.e. South Korea, Taiwan)….

The International Nuclear Energy Cooperation (INEC) initiative seeks to “foster the safe, reliable, and environmentally sustainable use of nuclear energy

June 17, 2010 Posted by Christina Macpherson | 2 WORLD, politics international | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear technology, nuclear wastes, nuclear weapons, reactors, uranium | Leave a comment

Oil spill should awaken us to nuclear danger

Waging Peace Today: Scenarios For Nuclear Catastrophe, David Krieger, 16 June 2010, “….. Continued offshore oil drilling runs the risk of future offshore oil leak catastrophes that will destroy large aquatic and shoreline habitats. Applied to nuclear weapons, the proposition could be restated in this way: Continued reliance on nuclear weapons runs the risk of future nuclear catastrophes that will destroy cities, countries and civilization……. Continue reading →

June 17, 2010 Posted by Christina Macpherson | general | antinuclear, nuclear, nuclear costs, nuclear spin, nuclear wastes, nuclear weapons, radioactive, uranium | Leave a comment