He’s also allocated funds, including $300 million in this year’s proposal, toward a Versatile Test Reactor (VTR) meant to test and develop advanced reactor fuels and materials. 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. The Trump administration aims to … To learn more or opt-out, read our He proposed $1.2 billion for nuclear energy programs and R&DTrump sold the bump in funding as a way to promote “revitalization of the domestic industry and the ability of domestic technologies to compete abroad.” His administration also wants to ramp up uranium production in the US, calling it “an issue of national security.”Stocks tied to uranium & nuclear energy moving higher-Keeping the nation’s nuclear reactors online has been a priority for Trump since taking office. “Talk about creeping socialism, my God. Trump’s $4.8 trillion budget proposal still needs to make its way through Congress, where it’s likely to face a fight. 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. Nuclear power currently makes up 20 percent of the US energy mix and half of its carbon-free electricity. "The report published Thursday, however, calls for “expand[ing] access to uranium deposits on federal lands, including support for necessary legislation” and reconsidering categorical exclusions that bar mining in certain areas.It also recommends overhauling regulations to more quickly spur any number of nuclear projects and easing requirements under the National Environmental Policy Act (NEPA).The Trump administration has already proposed a The report also identified potential new financing sources for nuclear projects, like the Export-Import Bank, and changing “legacy policies that disallow support for nuclear projects” to open up financing from the U.S. International Development Finance Corporation.On a call with reporters Thursday, Energy Secretary Dan Brouillette said boosting the U.S. nuclear industry could reduce the influence of state-owned operations in Russia and China, which sell nuclear reactors around the world, leaving other countries dependent on their uranium and fuel services.“What we're attempting to do is to rebuild U.S. leadership in this important industry,” he said.
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. “Today, your options are limited, primarily to Russia, and perhaps a few other nations like Kazakhstan and others for the provision of fuel. 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.
The National Nuclear Security Administration (NNSA), the part of the Energy Department that develops nuclear technology, wants to spend another $20 billion, a $3 billion (or 19 percent) increase over 2020. He wants advance next-generation nuclear energy and increase domestic production of uranium. They want to expedite their critical minerals so they can just keep skip[ping] the process. Together this means that the Trump administration proposes to spend about $50 billion on its nuclear weapon programs. We’re guaranteeing a revenue-based system. Trump included $1.2 billion for nuclear energy in his 2021 budget proposal. 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. 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. companies provide just 10 percent of domestic uranium purchases, with more than 60 percent of supplies imported from allies like Canada, Australia and Kazakhstan. Uranium mining has been floated in sensitive areas, including land And despite being a carbon-free source of emissions, many environmentalists oppose its use given the need to store toxic spent fuel for decades.Nuclear energy has also struggled to remain competitive with other energy sources, leaving some states to bail out nuclear reactors to the tune of tens of millions of dollars to keep them afloat. 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.
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. Two bills he signed into law sped up the development of advanced nuclear reactors and streamlined the permitting processes. Trump said his administration will attempt to expand the nuclear energy sector by launching a "complete review" of current policy. Russian and Chinese companies are aggressively pursuing nuclear energy export deals and building more reactors overseas than U.S. firms.
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