Skip to main content

Programming Note: Patrick Moore on C-SPAN

Patrick Moore Greenpeace Nuclear EnergyGreenpeace co-founder and current co-chair of the Clean and Safe Energy (CASEnergy) Coalition, Patrick Moore, will be appearing on C-SPAN's Washington Journal this morning at 9:30 ET. (Extra bonus: Greta Wodele Brawner will be moderating.)

We'll post the video once it becomes available. A live webcast can be seen here.

Update: The Moore segment has been archived and can be seen here.

Comments

gunter said…
According to Moore, socializing the cost of nuclear power through a federal loan guarantees and transfering the industry's financial risk to the public is the simple answer. That makes sense given it pads his industry paychecks. He is wrong however.

ESKOM just dumped a 2 unit EPR project in South Africa even with France offering to tender 85% of the cost of construction. Even this residual financial risk was to great to bear for the government owned utility.

In fact, new nukes run the risk of being the ultimate in toxic mortgages.

According to a Moody's assessment of the credit risk that wading back into this quagmire brings on will not be removed by socializing the up front costs for the builders. Moore may not believe in the conclusion of the Congressional Budget Office's concern of greater than 50% default rate on these loans, but he is wrong again to dismiss it as some figment of CBO's imagination projected into the future. If you read it, the conclusion is based on the very real product of this industry's financial history and the fact that nobody knows just how high the cost of construction will soar. Even this 2003 assessment was using $2.5 billion for an 1000 MWe unit. The projected price tag is now far far and away from that guesstimate.

Moore's gets it wrong again to blame the abandonment of construction in the 1970's on politics. It was the financial collapse, pure and simple, as the result of the industry's gross failure to bring reactors online on budget and on schedule.

He stumbled through the question about the "nuclear exclusion clause" in homeowner insurance policies because the professional risk assessors won't risk to match the cost of an accident however remote the probabilities, hence the liability cap and leaving the taxpayer holding the tab.

Popular posts from this blog

Missing the Point about Pennsylvania’s Nuclear Plants

A group that includes oil and gas companies in Pennsylvania released a study on Monday that argues that twenty years ago, planners underestimated the value of nuclear plants in the electricity market. According to the group, that means the state should now let the plants close.

Huh?

The question confronting the state now isn’t what the companies that owned the reactors at the time of de-regulation got or didn’t get. It’s not a question of whether they were profitable in the '80s, '90s and '00s. It’s about now. Business works by looking at the present and making projections about the future.

Is losing the nuclear plants what’s best for the state going forward?

Pennsylvania needs clean air. It needs jobs. And it needs protection against over-reliance on a single fuel source.


What the reactors need is recognition of all the value they provide. The electricity market is depressed, and if electricity is treated as a simple commodity, with no regard for its benefit to clean air o…

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

A Billion Miles Under Nuclear Energy (Updated)

And the winner is…Cassini-Huygens, in triple overtime.

The spaceship conceived in 1982 and launched fifteen years later, will crash into Saturn on September 15, after a mission of 19 years and 355 days, powered by the audacity and technical prowess of scientists and engineers from 17 different countries, and 72 pounds of plutonium.

The mission was so successful that it was extended three times; it was intended to last only until 2008.

Since April, the ship has been continuing to orbit Saturn, swinging through the 1,500-mile gap between the planet and its rings, an area not previously explored. This is a good maneuver for a spaceship nearing the end of its mission, since colliding with a rock could end things early.

Cassini will dive a little deeper and plunge toward Saturn’s surface, where it will transmit data until it burns up in the planet’s atmosphere. The radio signal will arrive here early Friday morning, Eastern time. A NASA video explains.

In the years since Cassini has launc…