No Nuclear Nirvana

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As we approach the one year anniversary of Fukushima on March 11th, Robert Alvarez reports that there is “No Nuclear Nirvana” and nuclear power remains expensive, dangerous and too radioactive for Wall Street. ( Huffington Post, 3/5/12)

“Is the nuclear drought over? When the Nuclear Regulatory Commission (NRC) recently approved
two new nuclear reactors near Augusta, Ga., the first such decision in 32 years, there was plenty of hoopla.It marked a “clarion call to the world,” declared Marvin S. Fertel, president of the Nuclear Energy Institute. “Nuclear energy is a critical part of President Obama’s all-of-the-above energy strategy,” declared Energy Secretary Steven Chu, who traveled in February to the Vogtle site where Westinghouse plans to build two new reactors.

But it’s too soon for nuclear boosters to pop their champagne corks. Japan’s Fukushima disaster continues to unfold nearly a year after the deadly earthquake and tsunami unleashed what’s shaping up to
be the worst nuclear disaster ever. Meanwhile, a raft of worldwide reactor closures, cancellations, and postponements is still playing out. The global investment bank UBS estimates that some 30 reactors in several countries are at risk of closure, including at least two in highly pro-nuclear France. And Siemens AG, one of the world’s largest builders of nuclear power¬† plants, has already dumped its nuclear business…”

To view the rest of the article, go to http://tinyurl.com/7kf4d52


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