Tim Flannery goes anti nuclear?
Time Flannery, previous darling of the Australian nuclear lobby – seems to have got off his pro nuclear horse – well – to some degree anyway. He’s just against it for Australia.
But – that’s incurred the wrath of quite a few pro-nuclear columnists – he seems to be out of favour now
Flannery, quoted 20 June 2010, “Why should we take the most expensive option in this country, which has always been recognized as having the most expensive and difficult option.
We are going to see a whole lot of other technologies and innovations which are now well under way which we could use instead of nuclear power……. Such as concentrated PV technology, geothermal technology, wave power, wind power.”
The Uranium Mining Gamble
The gambling is going on in both uranium markets. Some corporations gamble on selling old weapons uranium. Others gamble on digging uranium out of the ground and selling it – (if it goes belly up – well in Australia they’ll try to blame the Rudd government)
Companies Bet on Market for Enriched Uranium, Online Casino Guide, 21 June 2010, Changes in technology and vagaries like future arms control agreements can affect companies like Urenco and USEC.
Companies Bet on Market for Enriched Uranium | Online Casino Guide
…. projects such as BHP’s uranium and copper mine at Olympic Dam in South Australia. This requires billions of dollars in upfront investment projected to be recouped by cash flows in 2020 or later. The relatively high rate of return required is a function of many risks, including cost pressures and assumptions about the uranium market in 2020….. FT.com 20 June 2010,
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 