Here’s the scoop. This has been a rumor for a while now, but India and Canada finally signed an agreement to deliver nuclear fuel to India for their power generation. This comes as India’s economy is (finally?) making it out of the 19th century and power requirements are growing.
Nuclear energy is on the way back in, because it has to be. Environmentalist groups are basically anti-everything, but they have upset the balance in one key aspect – a large block of the population, about half, believe that traditional carbon emitting forms of fuel will end all life on Earth.
While I’m sure Greenpeace would love to block every form of power generation conceivable, their victories against coal are going to create momentum for nuclear power. You cannot block the main source of fuel and also block development of all the other sources of fuel. I mean, advancements in solar are impressive, but we’re still in the midst of a decades long process of incorporating that into the grid. And let’s be honest, Greenpeace hates constructing those too.
The sane folks are going to slowly latch onto the anti-coal message (and by and large already have), but they aren’t going to embrace the hardcore environmentalist message…ever. So that means we’re going to get more nuclear power as public policy shifts to fuel diversification.
Japan restarts are being held up by some asshole judge. That’s actually fine for the Japanese for the moment since import pricing have presumably fallen sharply with the recent oil selloff. But how long do you really think that will last? Eventually power generation costs jump and they have to restart.
India is running to nuclear because growing nuclear is going to provide air pollution free generation, which they need same as China. My guess is CCJ stock jumped yesterday on confirmation that, yes, this is actually happening and not just a pipe dream.If you enjoy the content at iBankCoin, please follow us on Twitter