[Lex Computer & Tech Group/LCTG] apropos of my comments on what we should do about warming aside from arguing about how bad it is ..here is an opinion . not science ..from a blog .

[Marvin Menzin]

On the demand side, there have been several bullish developments. As we discussed in our last letter, the European Union officially added nuclear power in its “taxonomy” of green technologies. The designation now allows institutions to invest in uranium and nuclear power without running afoul of any ESG commitments. The implications are huge. Immediately following the announcement, France declared they were embarking on an ambitious nuclear reactor new build program and extending the life of several existing reactors. The UK has committed to a nuclear new build program as well. No analyst had any European new build reactor demand as recently as a year ago and so these announcements serve to further tighten the market going forward.

Since China, India, Saudi Arabia, Canada, and now Europe have all embraced nuclear power, we’ve been arguing the US should follow suit. No matter how unfortunate, the US seemed to be going in the wrong direction. But an extremely interesting and positive development has just taken place, suggesting a turn in fortune for the US nuclear power industry might be at hand. Having firmly committed to closing the large Diablo Canyon reactor in California, on April 29th, Governor Newsome abruptly changed course and suggested he would seek to keep Diablo Canyon open with $6 bn in potential federal funding for several capital projects at the reactor. We cannot overstate what a change this represents. Diablo Canyon was the most politically charged and significant energy decision since cancelling of the Keystone XL pipeline. As recently as eight weeks ago, it seemed impossible that Governor Newsome could walk back his commitment to shut down the facility. We are hopeful this is a signal that US can now be added to the list of countries that are once again embracing nuclear power. As we have discussed in our past letters, nuclear power is the key to our energy future. For every unit of energy expended in mining, converting, enriching, and reacting uranium, 100 units of electricity are generated. This EROEI is at least three times better than oil and gas and 20-30 times better than renewables. Furthermore, nuclear power emits no carbon.
https://blog.gorozen.com/blog/russia-and-the-uranium-fuel-cycle


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