Doubts about the future of uranium mining
“Right now, there’s a lot of speculation, but exactly how large demand will grow, no one knows.”
Canada: Two companies push Uranium mining in region By GARY HARMON/The Grand Junction Daily Sentinel December 27, 2009 Two major international suppliers of uranium, meanwhile, are out of commission temporarily and possibly permanently. The Cigar Lake Mine in Canada flooded, and the Olympic Dam Mine in Australia is out of production because of a shaft accident..………………. Continue reading
USA Nuclear lobby demands $100 billion in EXTRA funding from govt
The nuclear trade group has called for $100 billion in additional loan guarantees for low carbon energy sources to help support replacing aging reactors
U.S. Loans to Boost Nuclear Industry Seen Soon abc News By Ayesha Rascoe December 28, 2009
WASHINGTON (Reuters) – The Obama administration is poised to announce loan guarantees to help kick-start the country’s nuclear power industry, which hasn’t built a new plant in more than three decades. Continue reading
Australians prefer renewables, not nuclear energy
Renewables favoured over nuclear: Newspoll ecogeneration 29 Dec 09 December 29, 2009
Australians strongly favour renewable energy as a government priority over nuclear energy, according to a recent Newspoll survey. Continue reading
India’s nuclear program hampered by lack of insurance
All property insurance covers exclude losses due to nuclear reaction, nuclear radiation or radioactive contamination.
Irda sounds out insurers on nuclear accident cover The Economic Times 29 Dec 2009, Hema Ramakrishnan & Mayur Shetty, ET Bureau NEW DELHI|MUMBAI: A year after private nuclear plants became a possibility in India following the Indo-US nuclear deal, the insurance regulator is deliberating with companies to cover liabilities arising out of deliberating with companies to cover liabilities arising out of nuclear accidents, which is essential for such plants…
…Currently, nuclear risks are not covered by any policy, as insurers do not have the wherewithal to estimate liabilities. All property insurance covers exclude losses due to nuclear reaction, nuclear radiation or radioactive contamination.
In most countries, operators of nuclear plants buy insurance cover as they are liable to pay compensation for any damage. Normally, the liability is limited by both international conventions and national legislation. The state has the responsibility to accept any liability more than insured.
The absence of such covers here may make it difficult to fund relief, if an accident occurs.
The US, for instance, is not bound by any international nuclear liability convention. The liability from a nuclear accident is addressed by the Price Anderson Act of 1956, which provides $10 billion in cover without cost to the government. It covers power reactors, research reactors and all other nuclear facilities.
Irda sounds out insurers on nuclear accident cover- Insurance news-Insurance-Personal Finance-The Economic Times
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