11:08 AM
As the uranium spot price rose 2% for the week and 9% for the month, an EIA report revealed the lowest price paid since 2007 by owners and operators of US commercial nuclear plants
-EIA report reveals the 2020 price paid by owners and operators of US civilian power reactors
-The UK brings forward legislation to expand nuclear power
-Kazatomprom posts -79% lower first quarter income
-Uranium spot price rose by 2% for the week
By Mark Woodruff
The US Energy Information Administration (EIA) released both its 2020 US Uranium Marketing Annual Report and its 2020 Domestic Uranium Production Report last week.
Despite covid roiling energy markets during 2020, the reports pointed to nuclear energy being a fundamental source of base load electricity generation (20%) with capacity factors steady at 94%, explains Canaccord Genuity. The broker believes coverage of future demand will continue to provide an impetus for a more active term market over 2021.
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LONDON Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
Any abrupt halt to new oil and gas projects by next year still appears unlikely, however, as energy majors’ spending plans still tilt heavily towards hydrocarbons, and oil-producing nations such as Norway plan new licensing rounds.
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Biden Test-Drives New Truck to Promote Electric Vehicles
Voice of America
19 May 2021, 09:35 GMT+10
On a day many motorists in the southeastern United States could not find gasoline, President Joe Biden promoted the transition to electrical vehicles while warning that China is ahead in the race to build the next-generation automobiles. They think they re going to win, but I got news for them. They will not win this race. We can t let them. We have to move fast, said the president during a visit to a Michigan plant where electric pickup trucks are made.
Ford on Wednesday will formally unveil its F-150 Lightning, an all-electric version of its best-selling pickup truck, which the president drove on a test track following his remarks.
3 Min Read
FILE PHOTO: Former EPA chief Gina McCarthy, U.S. President-elect Joe Biden s nominee for National Climate Adviser, speaks after Biden announced her nomination among another round of nominees and appointees for his administration in Wilmington, Delaware, U.S., December 19, 2020. REUTERS/Kevin Lamarque/File Photo
WASHINGTON (Reuters) -White House national climate adviser Gina McCarthy said on Tuesday that existing nuclear power plants are going to be needed in the Biden administration’s effort to hit goals to reduce greenhouse gas emissions.
“In many areas continuation of the existing nuclear, as long as it’s environmentally sound and it’s permitted, is going to be absolutely essential” because it will provide time to develop renewable energy into a bigger part of the energy mix, McCarthy said at a Columbia University Center on Global Energy Policy virtual event.
BusinessWorld
May 19, 2021 | 5:15 pm
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LONDON â Investors should not fund new oil, gas, and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdogâs starkest warning yet to curb fossil fuels.Â
 Any abrupt halt to new oil and gas projects by next year still appears unlikely, however, as energy majorsâ spending plans still tilt heavily towards hydrocarbons, and oil-producing nations such as Norway plan new licensing rounds.Â
âThe pathway to net zero is narrow but still achievable. If we want to reach net zero by 2050, we do not need any more investments in new oil, gas and coal projects,â Fatih Birol, the IEAâs executive director, told Reuters.Â