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Complicated politics of Obama’s nuclear push

The Green Politics Behind Obama’s Boost for Nuclear Power – TIME 17 Feb 2010 By spending billions to back the nuclear industry, the White House may be able to get some Republican support for the floundering climate and energy bill, which would put a limit on greenhouse gases……… Continue reading

February 17, 2010 Posted by | politics, USA | , , , , | Leave a comment

Uranium company made losses

First Uranium posts Q3 loss on higher costs, forex loss Feb 16 (Reuters) – First Uranium Corp (FIU.TO) posted a quarterly loss, hurt by higher corporate expenses and a $7.4 million foreign currency loss.

For the third quarter ended Dec. 31, the company reported loss of $14.4 million, or 9 cents a share, compared with a profit of $1.3 million, or 1 cent a share, a year ago……… In January, South African authorities withdrew environmental authorization for a new tailings storage facility at First Uranium’s key Mine Waste Solutions tailings recovery project.

UPDATE 1-First Uranium posts Q3 loss on higher costs, forex loss | Reuters

February 17, 2010 Posted by | business and costs, South Africa | , | Leave a comment

Big anti-nuclear protest blocks UK nuclear site

800 peaceful protestors block gates to Aldermaston nuclear site | Ekklesia 15 Feb 2010
Around 800 nonviolent protesters have succeeded in blocking access to the majority of gates at the Atomic Weapons Establishment at Aldermaston in Berkshire. Faith groups are playing a major role in the protests, which began at 7.00am this morning. Continue reading

February 16, 2010 Posted by | politics, UK | , , , , | Leave a comment

Toxic financial loans to nuclear industry

Nuclear power, strike 2 MNN – Mother Nature Network  Karl Burkart 15 Feb 2010 Even Wall Street won’t touch nuclear because it is too financially risky. At least 1 out of 2 nuclear plants will fail, leaving taxpayers with the burden of debt.Sun, Feb 14 2010 Continue reading

February 16, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Gernany’s Environment Minister wants Nuclear Reactors Closed

Environment minister stands firm on nuclear power plant closure  Deutsche Welle | 15.02.2010

Germany’s embattled environment minister has thrown his weight behind shutting down the country’s nuclear reactors. Norbert Roettgen said he’d stick to an agreement that would see two power plants close in coming months. Continue reading

February 16, 2010 Posted by | Germany, politics | , | Leave a comment

New Zealand P.M uranium mining shareholder despite NZ’s anti-nuclear policy

Key’s uranium mining interests The Standard  By: Marty G  February 16th, 2010 –  There’s a few things about Key’s story regarding his shares in Jackson Mining that don’t stack up. First, he says Jackson Mining was just an Aussie gold mining company when he bought them and that they didn’t get involved in uranium until a merger that saw become part of a company with uranium mines in South America. But Jackson mining was already involved in uranium exploration in South America before that merger when Key listed his interest in the company last year. Second,
………..Jackson Company has significant interests in mining uranium in Australia and Argentina, in the new guise of the company which is called Cauldron. ……..

Key’s government continues with its moves to open up the conversation estate to Australian mining interests.

Key’s uranium mining interests « The Standard

February 16, 2010 Posted by | New Zealand, secrets,lies and civil liberties | , , | Leave a comment

Walk for nuclear free world

Walk for nuclear free world

By John Huotari | john.huotari@oakridger.com
The Oak Ridger
Feb 15, 2010

OAK RIDGE, Tenn. —

Calling for an end to nuclear weapons and power, about 30 activists began a three-month peace walk on Saturday from the Y-12 National Security Complex to the United Nations in New York City. Continue reading

February 16, 2010 Posted by | general | , , , | Leave a comment

Nuclear energy – financially, it’s a corporate killer

”the risks faced by developers à are so large and variable that individually they could each bring even the largest utility company to its knees financially.”

ENERGY: Nuclear Does Not Make Economic Sense Say Studies Australia.to 14 February 2010   by Julio Godoy

BERLIN,   (IPS)  – The enormous technical and financial risks involved in the construction and operation of new nuclear power plants make them prohibitive for private investors, rebutting the thesis of a renaissance in nuclear energy, say several independent European studies. Continue reading

February 15, 2010 Posted by | 2 WORLD, business and costs | , , , , | Leave a comment

Olkiluoto nuclear plant – a shining example of folly of nuclear costs

ENERGY: Nuclear Does Not Make Economic Sense Say Studies Australia.to 14 February 2010   by Julio Godoy
“…….Actually, there is a new nuclear power plant that serves as a warning example of the risks involved in such a project: the nuclear power plant of Olkiluoto 3 in Finland, under construction since 2004.

Although the plant was supposed to have started delivering electricity in May 2009, its completion was postponed several times in the past two years. Continue reading

February 15, 2010 Posted by | business and costs, Finland | , , , , | 1 Comment

Big Powers to get big nuclear sales to India

Doors Wide Open For Nuclear Technology Exports to India By Prakash Joshi IDN-InDepth News 15 Feb 2010

NEW DELHI (IDN) – The door has finally been thrown open for a free flow of nuclear exports to India. The four nuclear weapons states — USA, Russia, France and Britain — Continue reading

February 15, 2010 Posted by | business and costs, India | , , , | Leave a comment

Is AREVA losing faith in the ‘nuclear renaissance’ ?

Areva Switching From Nuclear Power To Solar ? The Oil Drum  by Big Gav  February 14, 2010

French energy company Areva (best known for its nuclear power business) has purchased solar thermal power company Ausra – yet another example of a promising Australian technology company ending up with foreign ownership.

One possible positive interpretation of the news is that Areva are losing faith in the oft-predicted but unrealised “nuclear renaissance” and now see the real future growth opportunities in large scale solar power, with nuclear power (at best) a legacy business……………. Continue reading

February 15, 2010 Posted by | business and costs, climate change, France | , , , , , , , , | Leave a comment

Obama letting Americans down by promoting risky nuclear energy

betting tens and tens of billions of hard-earned taxpayer dollars on a risky technology that’s unlikely to deliver real carbon reductions in the timeline scientists believe is required is a gamble that this country and our planet can’t afford.

Obama Pushes for Risky Energy Options for What in Return? CleanEnergy Footprints 12 Feb 2010 “…Though President Obama mentioned his strong support for advancing clean, renewable energy supplies such as wind, solar, and biodiesel, which we also support, he claims they won’t be able to provide for the country’s “enormous energy needs.”

We disagree and have shown how it can be done right here in the Southeast, a region who’s abundant renewable energy potential is often overlooked, in our report, Yes We Can: Southern Solutions for a National Energy Standard. Nationally, we have tremendous affordable, and job-creating renewable energy resources to tap as outlined in several studies by the National Renewable Energy Laboratory, Union of Concerned Scientists, and Navigant Consulting, Inc. Investing heavily in energy efficiency is also a key requirement, including getting a federal energy efficiency standard in place.

Instead of focusing on energy efficiency and clean, renewable energy, the president talked about how building new nuclear reactors are the “right thing to do if we’re serious about dealing with climate change.” SACE is very serious about dealing with the energy sector’s contribution to climate change – it’s our mission. But betting tens and tens of billions of hard-earned taxpayer dollars on a risky technology that’s unlikely to deliver real carbon reductions in the timeline scientists believe is required is a gamble that this country and our planet can’t afford. As a Presidential candidate,  Obama stated a far different reaction to doling out billions to the nuclear power industry. Many other energy choices exist that will more effectively and affordably tackle climate change without causing the headaches posed by new reactors.

President Obama’s response incorrectly pointed to other countries such as Japan and France having greater reliance on nuclear power without “incidents” or “accidents.” France’s Nuclear Fix, by Dr. Arjun Makhijani at the Institute for Energy & Environmental Research, along with a fact sheet from Beyond Nuclear tells it plainly. The French reliance on nuclear power looks something like this: massive amounts of radioactive waste with no place to go, stockpiles of plutonium longed-for by terrorists, higher electricity costs for ratepayers and extensive radioactive contamination from reprocessing off the Normandy Coast that has angered France’s neighbors. A U.S. tour last September by European expert Yves Marignac on nuclear power explained France’s nuclear woes. As for Japan’s track record, the nuclear industry has suffered numerous setbacks, accidents, including fatalities, and an earthquake that caused the release of radioactive material into the environment.

CleanEnergy Footprints » Archive » Obama Pushes for Risky Energy Options for What in Return?

February 15, 2010 Posted by | climate change, politics, USA | , , , , , , , | Leave a comment

Future of Florida’s nuclear power plants looking doubtful

Progress Energy slowly raising more doubts about future of Levy County nuclear plant tampabay.com Robert Trigaux, Times Business Columnist February 12, 2010 Progress Energy slowly raising more doubts about future of Levy County nuclear plant “…..Maybe it’s not such a good time to build a nuke plant in Florida after all.That’s may take, at least, after listening to Progress Energy CEO Bill Johnson’s remarks to analysts Thursday in discussing fourth quarter earnings (up 53 percent over 2008!) and emphasizing his second thoughts about a Levy nuclear site. Continue reading

February 15, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Damn Yankee’s Nuclear Power Plant!

by virtue of a long-standing agreement with Entergy, the Vermont Legislature can deny Yankee’s request for a 20-year extension…Indeed, a desperate national industry now pushing for massive federal subsidies to build new reactors may not survive a flood of elderly clunkers being forced to close by the weight of their own contamination…

Vermont’s radioactive nightmare FDL The Seminal Harvey Wasserman
February 10, 2010

Like a decayed flotilla of rickety steamers, at least 27 of America’s 104 aging atomic reactors are known to be leaking radioactive tritium, which is linked to cancer if inhaled or ingested through the throat or skin.

The fallout has been fiercest at Vermont Yankee, where a flood of cover-ups has infuriated and terrified near neighbors who say the reactor was never meant to operate more than 30 years, and must now shut. Continue reading

February 12, 2010 Posted by | politics, USA | , , , , , , , , , , | Leave a comment

With nuclear power failing financially, AREVA moves into solar

this acquisition of Ausra is a good sign of where the market is heading. Given that the nuclear renaissance simply isn’t materializing as expected, it’s wise for Areva and other big energy conglomerates to hedge their bets

Areva gets deeper into renewables with Ausra purchase the energy collective, by Tyler Hamilton on 02/08/2010 France’s Areva SA is known mostly as a designer of light-water nuclear reactors, builder of transmission and distribution systems, and a miner of uranium, so the announcement today that it has purchased 100 per cent of concentrated solar power company Ausra Inc. came as a surprise. Continue reading

February 10, 2010 Posted by | France, renewable | , , , , , , , , | Leave a comment