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Tuesday
Jul022019

Nuclear power is helping to drive the climate crisis

Linda Rogers says the CBI has its head in the sand over nuclear reactors and Iain Climie wants politicians prepared to fund action to combat the climate emergency

Has the Confederation of British Industry got its head in the sand, or in the record levels of carbon-intensive concrete just poured at the Hinkley C nuclear site (Build more nuclear reactors to help climate crisis, says CBI, 28 June)? Nuclear power, apart from destroying biodiversity throughout its life cycle, produces up to 37 times the CO2 emissions of renewable energy sources, owing partly to the mining and refining of uranium. The impact of this process on people and the environment is not included in the rationale for nuclear power in the UK.

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Wednesday
Jun262019

Industry super urges Australia to consider the nuclear power option


Nuclear reactors should be considered as a realistic option to confront Australia's deepening energy crisis, according to a study from industry superannuation's chief lobby group.

In a report that raises concerns about the ability of battery technology to maintain the baseload power, Industry Super Australia (ISA) argued that investment in nuclear energy should not be sidelined simply because of its controversial nature.

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Sunday
May122019

If Nuclear Energy Is Replaced By Natural Gas, Say Goodbye To Climate Goals

When Three Mile Island officially shuts down in September, it will mark the end of a noteworthy history — the one where a partial meltdown of the reactor’s core occurred in 1979, which then set in motion a long debate over nuclear energy’s future.

Now, though, it is about more than Three Mile Island. It is about the fate of nuclear energy in a carbon-conscious world. In other words, the global appetite for energy will grow while the demands to produce cleaner electricity will get more intense. With that, nuclear energy can produce low-to-no carbon power around the clock. But will that happen, given the politics as well as the financial cost of a build out?

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Tuesday
Apr232019

Uranium producers await US presidential decision

 

The US Department of Commerce (DOC) on 15 April submitted to the White House the results of an investigation into the effects of uranium imports on US national security. US President Donald Trump now has up to 90 days to decide whether to act on the DOC's findings and recommendations, which have not been made public.

The investigation, under Section 232 of the Trade Expansion Act of 1962, was triggered by the filing in January 2018 of a petition by uranium mining companies Energy Fuels Inc and Ur-Energy. In it,

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Wednesday
Apr102019

Pennsylvania Senate considering nuclear energy subsidy bill

bill that would add nuclear energy to the definition of alternative energy sources that are eligible for alternative energy credits was referred to a Pennsylvania Senate committee Monday.

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Wednesday
Apr032019

China Aims For Nuclear Dominance

The revival of China in economic terms can be seen as one of the greatest success stories in human history. The introduction of the country’s first Special Economic Zone in 1979 near Shenzhen led to unprecedented wealth in the decades that followed. Hundreds of millions of Chinese citizens have been lifted out of poverty, and President Xi Jinping recently announced the intention to eradicate absolute poverty by 2020. Unprecedented economic growth, however, has also created significant challenges such as pollution.

The global supply chain has

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Tuesday
Feb262019

Watch: Alberta advocate pushes for nuclear energy


Alberta’s most enthusiastic advocate for nuclear power might be engineer Sean Wagner, who runs the Alberta Nuclear Nucleus blog promoting the benefits of nuclear energy.

A nuclear plant could produce 0.5 to 1.3 gigawatts per day and about a dozen nuclear plants would meet all of Alberta’s electrical needs with essentially zero carbon emissions, Wagner says.

Link......

 

Having lived and worked in Edmonton which is an oil town, I'm surprised he got any air time, but I'm glad that he did....

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Thursday
Feb212019

China’s Inland Civil Nuclear Strategy: Making the Case at Home First

Western environmental and energy policy communities have long berated China for refusing to abandon its reliance on thermal coal, the lifeblood of its industrial economy. But China’s commitment to expanding renewables has actually been extraordinary. Solar energy only became a viable solution in most OECD economies in 2013, after China had poured into the market and made cells affordable. A similar story occurred in 2016 with batteries for electric vehicles and hybrids; these only became a reality once Chinese component-makers could produce batteries cheaply enough to create economies of scale.

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Wednesday
Feb202019

Shelved nuclear power plans leave UK government's energy policy in hot water

The UK government’s nuclear energy policy is in disarray after the Japanese company Hitachi stopped work on a proposed plant in Wylfa last month. The move comes just months after fellow Japanese firm Toshiba shelved plans to build a nuclear power station in Cumbria.

On 17 January 2019, Horizon Nuclear Power, the Hitachi-owned subsidiary responsible for the Wylfa project, put all construction at the site on hold. The £15 billon 2.9GW nuclear power plant was to have a 60-year operational life. Hitachi also scrapped plans for another reactor at Oldbury.

Hitachi has already invested around £2 billion into the Wylfa project prior to the announcement, with the UK government offering to invest £5 billion. But spiralling costs led to doubts that the project would survive through financing negotiations.

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Monday
Feb112019

Cameco says improved uranium market not enough to warrant new supply

A quick update re: Cameco found on Seeking Alpha earlier:

 

Cameco (CCJ +0.3%warns against investing in new uranium mines, saying "even the promise" of new supply could create a headwind and place downward pressure on uranium prices.

"There is plenty of idle tier one production and tier one expansion capabilities, as well as idle tier two production and expansion capabilities," CCJ says. "And we can't lose sight of material sitting with financial players. This is capacity that can come back to the market relatively quickly. As a result, new supply poses a significant risk to the uranium market recovery."

CCJ says interest in long-term contracting has returned, but prices and contracting opportunities are not where they should be to restart idled capacity or warrant investment in growth opportunities.

The company also says the possibility of Section 232 U.S. tariffs on uranium imports is still creating uncertainty.

Shares are slightly higher after reporting better than expected Q4 earningswhile saying 2019 gross margin could come in weaker.

LINK


In the last year Cameco has risen from $8.50 to $12.32 so maybe we shouldnt be too despondant

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