Skip to main content

Will There Be a Nuclear Split in the Environmental Movement?

By Eric McErlain
In a review of The Bottomless Well: the Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy by Peter Huber and Mark Mills, Paul Weyrich noticed the authors' opinion about the ties between the environmental movement and its anti-nuclear allies:
Huber and Mills do not foresee an immediate end to oil and gas consumption but they suggest environmentalists should cut their ties to the anti-nuclear power movement (with its Hollywood axis — remember the 1979 movie starring Jane Fonda called "The China Syndrome"?) and realize that clean, plentiful energy can be produced. The Greens are the swing constituency which can set our country back or move it forward with an energy policy. Post-Three Mile Island the gap between meeting a rising demand for energy and the environmental opposition increasingly to rely on nuclear power was met by burning coal. However, nuclear power is cleaner and safer than other fuels, a record which should appease the environmentalists' concerns about global warming. Solar and wind power cannot meet all of our anticipated energy needs over the next two decades but it should be part of the energy mix.

We've already seen how environmentalists like Stewart Brand, Patrick Moore, James Lovelock and Hugh Montefiore have stepped forward to embrace nuclear energy. I'm guessing that there might be more out there, and the nuclear industry is eager to start a dialogue with them.

Hat tip to EV World.

Technorati tags: , , , , ,

Comments

Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more