Skip to main content

Voting for New Nuclear Build at the Daily Referendum

By Eric McErlain
The U.K. Web site, the Daily Referendum, is holding an online vote on the future of nuclear energy:
A legally binding target to reduce long-term carbon dioxide emissions by 60% by the year 2050 has been set. The bill will establish a "Carbon Committee" to make sure targets are met. However the bill makes no reference to annual CO2 reductions targets. Opposition parties and environmentalists deem CO2 reductions necessary to tackle global warming.

The Queen told MPs and peers: "My government will publish a bill on climate change as part of its policy to protect the environment, consistent with the need to secure long-term energy supplies."

David Cameron said he was delighted to hear the proposals in the Queen's Speech. "I hope it will be a proper bill and not a watered down bill. Government has got to give a lead by setting a proper framework." That must mean an independent body with annual targets and an annual report from government on its progress."

The prime minister responded by pointing out that the UK was set to lose about 15% of its electricity generation capacity as existing nuclear power plants reached the end of their operating lives.

"We need to put nuclear power back on the agenda and at least replace the nuclear energy we will lose. Without it, we will not be able to meet either our objectives on climate change or our objectives on energy security."

Q. Should we invest in new nuclear power stations?
Click here to vote right now. For more on Tony Blair's latest endorsement of nuclear energy, click here.

Technorati tags: , , , , , , ,

Comments

Anonymous said…
Hm - the results are in...

84% voted for yes.

This should speak for itself.
November 17, 2006 at 10:28 AM
Anonymous said…
That's encouraging, and more strongly positive than I expected, although I was hopeful of a Yes result. The other interesting thing is that 16% voted No, with ZERO Don't knows.
November 17, 2006 at 5:31 PM
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