Skip to main content

The Cradle-to-Grave of the Energy World

Or at least that's the hope of Adelaide University professor Ian Plimer:

"I think it is an absolute no-brainer that we should look at a cradle-to-grave uranium industry," Professor Plimer said at a uranium conference in Adelaide yesterday.

"Where we mine it, we convert it into yellowcake, we create the fuel rods, we lease these fuel rods to the major Western countries that are wanting to use nuclear power.

"We take the fuel rods back, we clean them up and we dispose of the waste.

"That would make South Australia the Saudi Arabia of the energy world."

Although this is coming from an academic, expect a good deal of clamoring for position in the near future as the nuclear renaissance really gets going. But does South Australia really want to be the new Saudi Arabia... ?

Comments

Matthew66 said…
While it makes a lot of sense for South Australia to pursue nuclear energy given that it has negligible supplies of coal and natural gas, and an abundance of land that has already been contaminated (British/Australian nuclear tests in the 1950s), such a scenario is unlikely until there is consensus in South Australia and Australia more widely that nuclear power is a good thing. As long as the Construction Forestry Mining and Energy Union has the influence it does, there will be no consensus on utilizing uranium for energy within Australia. The CFMEU doesn't mind its metal ores miners digging up uranium, they just don't want their coal miners put out of work. Jobs for the boys don't you know.

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

Wednesday Update

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...

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

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...