The White House has indicated privately to lawmakers and stakeholders that it supports taxpayer subsidies to keep nuclear facilities from closing, Reuters reported on 5 May, citing “three sources familiar with the discussions”. New subsidies, in the form of “production tax credits,” could be included in President Joe Biden’s multi-trillion-dollar legislative effort to invest in …
Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global …
The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters. New subsidies, in the form of “production tax credits,” would likely be swept into …
Summary CCJ is one of the larger players in the uranium mining space. Global demand for uranium is increasing. There’s likely to be insufficient supply for future demand based on current construction plans for reactors in Asia and the Middle East. “Uranium miners like Cameco (NYSE:CCJ) are well-positioned as bullish investments over the next 3-5 …
Summary UPC’s shareholders are set to become unitholders of the newly created trust, provided this transaction is approved in the next few months. There are very few things to dislike about the transaction for both Sprott’s and UPC’s shareholders. Sprott has a great track record of managing and growing physical trusts, which bodes well for …
French company EDF has submitted to Nuclear Power Corporation of India Ltd (NPCIL) its binding techno-commercial offer to build six EPRs at Jaitapur in Maharashtra. The offer is the culmination of work that began with the 2018 signature of an agreement between the two companies and paves the way for discussions towards a binding framework …
China now leads the world in total energy production and also produces almost twice the amount of electricity that the United States does, 4.4 trillion kWh versus 7.5 trillion kWh per year, respectively. With over a third of China’s population still being energy poor or in abject poverty, this will grow even more. And a …
The Canadian Nuclear Association, Europe’s Foratom, the Japan Atomic Industrial Forum, the USA’s Nuclear Energy Institute, the UK’s Nuclear Industry Association and World Nuclear Association have issued a joint statement ahead of the Leaders Summit on Climate that starts today. At the invitation of US President Joe Biden, world leaders will convene for the two-day …
Chairman of the US Senate Committee on Energy and Natural Resources Committee Joe Manchin has urged President Joe Biden to support the continued operation of the USA’s civil nuclear fleet and prevent further plant closures. In a 20 April letter to the President, Manchin said that preventing the closure of existing nuclear plants is critical …
The US Department of Energy (DOE) is planning to build a microreactor to help researchers and end-users understand how microreactors can integrate with other technologies. The Microreactor Applications Research Validation and EvaLuation (MARVEL) liquid-metal cooled microreactor could be operational within three years. Microreactors are very small, factory fabricated, transportable reactors which could provide power and …