Australian news, and some related international items

Australia’s dangerous uranium deal with India

India-uranium1Papering the cracks: Australia’s dangerous uranium deal with India,9803   5 December 2016, Thanks to new legislation, Australian uranium mining corporations are now free to be irresponsible without fear of legal recourse. Dave Sweeney reports.

LATE ON THE LAST NIGHT of the last sitting of Federal Parliament for season 2017, Australia’s two major parties passed a new law that is civil by name, but it is desperately uncivil in nature.

The Indian Civil Nuclear Transfers Act exists to provide certainty to Australian uranium producers who want to sell the controversial product to India.

In 2015, a detailed investigation by the Federal Parliament’s treaties committee found there were serious and unresolved nuclear safety, security and governance issues with the proposed sales plan. It also found a high level of legal uncertainty.

Expert witnesses, including Australian National University professor of international law Don Rothwell and former senior Department of Foreign Affairs and Trade (DFAT) and Australian Safeguards and Non-proliferation Office (ASNO) director general John Carlson, also highlighted that the plan was in conflict with both Australian domestic law and existing international treaty provisions, most notably the South Pacific Nuclear Weapons Free Zone Treaty…….

So Australian uranium miners, who supplied the product that directly fuelled Fukushima, are now legally covered from any challenge over a highly contested plan to sell to India.

This move highlights the extent and the risks of the Coalition Government’s preoccupation with ending civil society access to legal recourse. Further, fast-tracking legal favours to provide industry certainty simply highlights how profoundly uncertain this industry is.

Following Fukushima, the global uranium market has crashed, as has the value of uranium stocks. Uranium operations are on hold; extended care and maintenance are well behind planning schedules and prices, profits and employment numbers have gone south.

IBIS Worlds March 2015 market report said only 987 people are employed in Australia’s uranium industry. Few jobs and dollars, considerable damage at home and escalating risk abroad.

The fragile economics of the uranium sector make it understandable that the industry is pushing for every potential market but fail to explain why our Federal Government is so intent on trying to pick winners with a sector that is clearly losing. Sadly and unreasonably, the India uranium deal has become seen as a litmus test for bilateral relations.

Talk of a massive surge in exports is fanciful, and promoting Australian uranium as the answer to Indian energy poverty is more convenient than credible. Political proponents of the trade are driven less by substance than style — the symbolism of Australia and India on the same page and open for business.

In a telling reference, the recent review of the new law highlighted the importance of the ‘foreign policy backdrop to Australia’s nuclear trade with India‘.

Sending political signals through trade is not unusual, but to do so by ignoring substantive warning signals is unwise. When those warnings and that trade relate to nuclear materials, it is deeply irresponsible.

Buttressing flawed trade deals with bolt-on legislative exemptions is poor policy and practice, and while all trades have trade-offs, this one risks far too much.

December 5, 2016 - Posted by | General News

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