Can nuclear giant AREVA be trusted with solar energy industry?
There are two ways of looking at the French nuclear company AREVA taking over an Australian solar company.
1. Areva’s resources, financial and expert, can bring the necessary push to really make this solar industry happen. And, with the financial mess that is developing in AREVA’s nuclear industry, this solar move could herald a very positive transition away from nuclear, and to renewables.
2. In Australia, we have a sad history of fossil fuel interests buying up solar industry initiatives precisely for the purpose of killing them off. AREVA has just joined forces with its powerful Korean nuclear competitor, KEPCO. Can corporations like Areva be trusted to really develop renewable technologies – or are they out to suppress them so as to promote their nuclear power empire?
I would like to think that Areva is truly diversifying, and promoting renewable energy technologies. I bear in mind the work of people like Ralph Nader, who has always been willing to talk with polluting corporations, and work for improvements.
Nevertheless, the fear remains.
Areva ‘hedging’ its bets, with renewable energy push
this acquisition of Ausra is a good sign of where the market is heading. Given that the nuclear renaissance simply isn’t materializing as expected, it’s wise for Areva and other big energy conglomerates to hedge their bets.
Areva gets deeper into renewables with Ausra purchase the energy collective, by Tyler Hamilton, 02/08/2010 France’s Areva SA is known mostly as a designer of light-water nuclear reactors, builder of transmission and distribution systems, and a miner of uranium, Continue reading
BHP reduces Yeelirrie’s proposed uranium by an ‘uneconomic’ third
BHP cuts Yeelirrie uranium estimate Matt Chambers : The Australian February 09, BHP Billiton has cut projections for its proposed Yeelirrie uranium mine in Western Australia by nearly a third, ruling out a heap acid leach component at the site as uneconomic. Continue reading
Uranium prices to go down further
Investors take a stick to disappointing resources companies, Robin Bromby,The Australian, February 08,
“……….Uranium in surplusDEUTSCHE Bank has put a “sell” recommendation on Paladin Energy (PDN) with a target price of $3.30, against Friday’s close at $3.52. The bank’s analysts are predicting a uranium market surplus of 4500 tonnes by 2011.
……….. Deutsche believes uranium prices will be hit this year due to production growth in Kazakhstan, increasing US Department of Energy spot sales, and permit delays to nuclear reactor plans in the West.
2010 not looking good for uranium prices
An Un-Happy New Year For Uranium 2/02/2010 Nine MSN By Andrew Nelson January was tough on uranium, with U3O8 prices dropping more than 5%, or US$2.25/lb to $42.25/lb from the prior month. The price is now at its lowest level since March 2009.The fairly steady decline that has been seen over the past few months is primarily the function of supply and demand fundamentals, with a high availability of stock not being helped by increasingly low-priced supply and light, mostly discretionary demand………….with demand remaining discretionary in nature, buyers are only really moving to lock in lower prices. Unfortunately, this demand is being met by an ever increasing willingness on the part of some sellers to lower prices further in order to close sales.
Australia’s nuclear veterans denied legal support by govt
Nuclear test victims want cash Independent Weekly DANIELLE FORSYTH 30 Jan, 2010 Veterans from atomic bomb tests at Maralinga and Emu Field in the South Australian outback say they are forgotten victims of Australia’s war history, denied compensation and legal support by the Federal Government. Continue reading
Is nuclear energy a reasonable option for Australia?
Nuclear power and Australia John Quiggin January 21st, 2010 There’s been a bit of discussion about nuclear power lately, but it tends very much to the abstract. I thought I would look into the question of when, if ever, nuclear power might be a reasonable option for Australia to consider, and how we should go about it.
An obvious starting point is the Switkowski report commissioned by the Howard government, which I’ve uploaded here. There are three main points which allow me to provide an answer to the question, at least for the next decade or so.
(i) In the absence of a substantial carbon price nuclear power is not competitive with coal
(ii) First-of-a-kind (FOAK) nuclear plants are likely to be very expensive (above $80/MWh), not competitive with wind or gas (even with CCS)………………minimal conditions can’t be met before 2025 at the earliest.
The US, which has been attempting for a decade to restart its nuclear industries is still at the pilot stage, exploring a number of technologies, and offering to subsidise the construction of three plant designs for each major option. Most of the proposals are on existing sites, only six have reached the point of a plant actually being ordered, and none is anywhere near starting construction……..
……That suggests that Australia should forget about nuclear power entirely for at least the next five years. If things are going well for nuclear, and not so well for renewables, that would be the time to start setting up regulatory structures, looking for sites and so on. http://johnquiggin.com/index.php/archives/2010/01/21/nuclear-power-and-australia/
Roxby Downs uranium mine will blow out greenhouse gases
“All of our efforts to reduce emissions, to conserve energy, will be undone by just one company, one project” The Advertiser DAVID NOONAN, 20 Jan 2010
The science of climate change demands action to reduce greenhouse gas emissions by 2020. BHP Billiton’s proposed new open-pit mine at Roxby Downs would blow out SA’s greenhouse gas emissions by more than 12 per cent. Continue reading
Review- the nuclear week that has been
Australia: Climate denialists Monckton and Plimer touring Australia (wonder who’s paying for this tour?). Maralinga nuclear veterans must take their case to England. Tony Abbott calls for uranium sales to India, as India builds its nuke weapons arsenal. Australian Super decides that uranium is ethical enough. Point Lowly Action group trying to save iconic Great Australian Cuttlefish. ERA uranium shares and production fall. Govt considers airport scanning amid public ignorance on the issue.
International: Huge global renewable energy summit. France’s nuke industry embroiled in strife. Critical talks about Iran’s nukes. Germany in dilemma over mounting nuclear waste. Future very complicated for USA’s nuke industry. Colorado anti-uranium legal bid moves along. Revelations of Israel’s uranium tests on workers. Doomsday clock – slight improvement. USA – anti-uranium protest. Court action over depleted uranium in Hawaii. Protest against NASA’s radiation testing on squirrel monkeys.
Tony Abbott dancing around nuclear power
his support for nuclear options surfaces fairly regularly in media releases.
Abbott won’t rule out putting a nuclear power station on a headland near you -NORTH COAST VOICES 18 January 2010 Continue reading
ERA uranium shares fall, less output and lower grade ore
Energy Resources Shares Fall After Drop in Uranium Oxide Output By James PatonJan. 13 (Bloomberg) — Energy Resources of Australia Ltd., the uranium producer controlled by Rio Tinto Group, fell the most in 2 1/2 months after saying fourth-quarter output dropped 30 percent as it processed lower grades of ore. Continue reading
IAEA like Dracula, managing Blood Bank records
Controversy rages over the agendas of the International Atomic Energy Agency, (IAEA), which has promoted civil nuclear power over the past 30 years,
Chernobyl nuclear accident: figures for deaths and cancers still in dispute•The Guardian UK John Vidal 10 Jan 2010 Suspected infant mortality rise difficult to prove• Predicted deaths range from 4,000 to half a million. Continue reading
South Australian govt will put BHP Billiton’s welfare ahead of environment?
“Is the Premier saying that no matter what environmental impact there may be, he is giving BHP the go-ahead to put the desal plant there?”
BHP insists Point lowley best for desalination plant Adelaide Now SARAH MARTIN
January 08, 2010
BHP Billiton says building its proposed desalination plant anywhere but Point Lowly on the Spencer Gulf would cost “hundreds of millions” more dollars.
The desal plant’s location has divided the State Government and the Opposition, with the latter calling for BHP to investigate an alternative site on the West Coast beyond Ceduna.
Labor member for Giles, Lyn Breuer, also wants the plant built elsewhere, saying the risk to the giant cuttlefish population in the gulf is too great. Continue reading
Patrick Moore – paid by a Nuclear Energy front group
the seemingly fresh story line…as delivered by ….Patrick Moore, whose financial ties to a Nuclear Energy Institute front group are rarely disclosed.
Meltdown, USA: Nuclear Drive Trumps Safety Risks and High Cost 06 January 2010 by: Art Levine, t r u t h o u t | News Analysis “……..despite all these problems, a seemingly benign solution for global warming – nuclear energy – has boundless, if simplistic, appeal, even if it could take years to build and threatens public health and safety, while undermining with billions devoted to nuclear bailouts genuine renewable energy.
Still, the pro-nuclear pitch is especially welcomed by media outlets when it advances the seemingly fresh story line of environmentalists embracing nuclear power, as delivered by the likes of ex-Greenpeace activist Patrick Moore, whose financial ties to a Nuclear Energy Institute front group are rarely disclosed. Continue reading
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





