To revitalize the industry, however, the new report backs Support for domestic miners was first floated in a January 2018 petition filed by two of the country’s top uranium producers — Energy Fuels and Ur-Energy — pushing to enact a 25 percent purchasing quota for domestic uranium.U.S. “Today, your options are limited, primarily to Russia, and perhaps a few other nations like Kazakhstan and others for the provision of fuel. Uranium has fallen from a high of $140 a pound in 2007 to roughly $30 today.House Natural Resources Committee Chairman Raul Grijalva (D-Ariz.) has been critical of certain efforts to bolster uranium producers.“The industry wants a sweetheart deal.
companies provide just 10 percent of domestic uranium purchases, with more than 60 percent of supplies imported from allies like Canada, Australia and Kazakhstan. The Trump administration wants to revitalize the nation's nuclear energy sector with a plan that calls for stockpiling domestic uranium and opening public lands to new uranium mining. He wants advance next-generation nuclear energy and increase domestic production of uranium. We’re guaranteeing a revenue-based system.
Trump included $1.2 billion for nuclear energy in his 2021 budget proposal. And then more importantly, a guaranteed buyback,” he previously told The Hill. Together this means that the Trump administration proposes to spend about $50 billion on its nuclear weapon programs. Nuclear power currently makes up 20 percent of the US energy mix and half of its carbon-free electricity.
So what we're trying to do is to reestablish some options here in the United States that may be available to the industry.”The Hill 1625 K Street, NW Suite 900 Washington DC 20006 | 202-628-8500 tel | 202-628-8503 faxThe contents of this site are ©2020 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.
The Trump administration on Thursday outlined its plan for revitalizing the U.S. nuclear energy industry in a move that would boost uranium mining while benefiting just a handful of companies.The report from the Nuclear Fuel Working Group includes a set of recommendations to the White House and comes as the price of uranium has steadily fallen over the past decade.The group argues that measures to buoy the struggling companies will allow for a rebirth of nuclear power in the U.S. while disrupting China's and Russia’s hold on the overseas market for reactors.“Simply put, it is within our power to pull America’s nuclear industrial base from the brink of collapse and restore our place as the global leader in nuclear technology, ensuring a strong national security position and buttressing our strength for generations to come,” the report states.The effort to shore up nuclear power is sure to be controversial. They want to expedite their critical minerals so they can just keep skip[ping] the process. Environmentalists have said increasing domestic production is unnecessary, arguing it would risk environmental damage when countries friendly to the U.S. already supply uranium at competitive prices. “Talk about creeping socialism, my God. The Trump administration aims to … But there has been bipartisan support for nuclear energy in the past — last year, Congress upped the 2020 budget for nuclear energy by nearly “This sends a strong message that the Department of Energy (DOE) is all in on new nuclear,” Rita Baranwal, assistant secretary for the Office of Nuclear Energy, said in a We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from.
Trump said his administration will attempt to expand the nuclear energy sector by launching a "complete review" of current policy. Nevertheless, nuclear energy has struggled to gain a larger foothold in the US.“I personally do not see nuclear power as a way around the production of greenhouse gas emissions,” former executive director of Columbia University’s Earth Institute Steven Cohen tells Among Democrats and environmentalists, scaling up nuclear power as a potential climate change fix has been a Last week, Trump seemingly backed away from a proposed waste site at While environmentalists continue to debate the pros and cons of nuclear energy, Trump does not appear to be boosting nuclear as a specifically environmental priority.