Aletho News

ΑΛΗΘΩΣ

Here Are The Winners And Losers In The ‘Inflation Reduction Act’

By Tyler Durden | Zero Hedge | August 8, 2022

As Democrats pat themselves on the back after the Senate finally passed their massive tax, climate, and healthcare bill – the “Inflation Reduction Act” which Senate Majority Leader Chuck Schumer called “one of the most significant pieces of legislation passed in a decade,” Bloomberg has compiled a list of winners and losers.

Not only did none of the billions in tax increases Democrats threatened high-earners with last year make it into the final version of the bill, their plans to ‘tax the 1%’ turned out to be nothing more than a big virtue signal.

Private equity fund managers

As we noted on Friday, the landmark bill only passed after AZ Sen. Kyrsten Sinema insisted on keeping the carried-interest loophole that allows investment managers (like her former bosses) to shield the majority of their income from higher taxes.

The private equity industry was able to gain an additional win shortly before the final passage of the bill when a handful of Democrats broke with their party to vote on a Republican amendment that created a carveout for private equity-owned companies in the corporate minimum tax. -Bloomberg

Manchin and Sinema were big winners – after having held their party hostage for more than a year over this legislation, “The entire contents of the bill were essentially cherry-picked by Manchin and then tweaked to fit Sinema’s preferences,” according to the report.

The two were also able to score direct benefits for their states – with Manchin securing an agreement to permit the completion of the Equitrans Midstream Corp.’s Mountain Valley Pipeline, and Sinema – who was able to secure $4 billion in drought relief for western states.

The IRS And The Green agenda

The bill will give $80 billion to the IRS over the next 10 years to expand its audit capabilities, as well as a bevy of technology upgrades.

Meanwhile, electric carmakers got an extension of a popular $7,500 per vehicle customer tax credit for EVs, but will have to comply with strict battery and critical minerals sourcing requirements demanded by Sinema and Manchin – which could render the credits useless for years.

Solar and hydrogen companies, such as Sunrun and Plug Power, Inc. will also benefit from generous tax credits, while operators of nuclear reactors such as Southern Co., Constellation Energy Corp., Public Service Enterprise Group Inc. and Energy Harbor Corp. could benefit from a $30 billion production tax credit.

Medicare, Obamacare Enrolees

The final version of the bill caps seniors’ out-of-pocket prescription drug expenses to $2,000 per year, and enables Medicare to negotiate the prices on 10 medications four years from now. Th bill also kicks the can on a massive increase in Obamacare premiums that were set to happen in January for many middle income Americans, which will now happen in three years.

LOSERS:

Republicans who thought Manchin and Sinema wouldn’t cave on their promises to raise taxes during a recession.

The GOP was confident they had beaten back Biden’s tax and climate agenda and were stunned in late July when Schumer and Manchin announced a deal. While still the favorites to gain seats in the midterm elections, passage of the bill is a major setback for the GOP’s policy aims. It does, however, give them a new issue to campaign on in the fall campaigns. -Bloomberg

Other losers include tech companies – that will bear the brunt of two major tax increases in the bill; a 15% minimum tax on financial statement profits, and a new levy on stock buybacks which have allowed companies like Alphabet’s Google and Meta’s Facebook to minimize their tax burden over the years.

SALT – the ability to deduct state and local taxes, a $10,000 cap which coastal Democrats were hoping to repeal.

Bernie Sanders – who Bloomberg notes wanted $6 trillion in spending, making the $437 billion in new spending a far cry from success. Excluded from the bill is all proposals for new social programs, including tuition-free-college, child care, housing spending and an expanded-child monthly tax credit.

August 8, 2022 Posted by | Corruption, Economics, Nuclear Power | | Leave a comment

Ukrainian Troops Shell Zaporozhye Nuclear Power Plant Overnight: Local Authorities

Samizdat – 07.08.2022

Ukrainian troops launched an attack against the Zaporozhye nuclear power plant overnight, using an Uragan multiple rocket launcher, with shrapnel and a rocket engine falling at 400 meters (1,312 feet) from the station’s operating power unit, the military and civil administration of the city of Energodar said.

“Last night, the Ukrainian armed forces carried out a strike using a 220 millimeter Uragan rocket launcher,” the administration spokesperson said.

The missile unfolded and released shrapnel warheads as it approached the power units, the spokesperson noted.

“The area of the dry storage facility for processed nuclear fuel and the automated control post of the radiation situation appeared to be in the strike zone. Administrative buildings and the adjacent territory of the storage facility were damaged by the cluster munitions. It is important to note that the fallen shrapnel warheads and the rocket engine itself fell no more than 400 meters from the active power unit,” the spokesperson added.

Since March, the Zaporozhye nuclear power plant has been under full control of Russian forces, but Ukrainian forces have repeatedly attacked it by drones, prompting Russia to seek assistance from the International Atomic Energy Agency (IAEA) in addressing the plant’s security concerns.

August 7, 2022 Posted by | Nuclear Power, War Crimes | | 1 Comment

Asia Won’t Reject Russia’s Hydrocarbons or China’s Rare Earths Despite US Pressure

By Ekaterina Blunova – Samizdat – July 12, 2022

The International Energy Agency (IEA) and the United State have called upon Asian countries to reduce reliance on Russia and China in terms of both fossil fuels, solar power technology, and critical minerals needed for electric vehicles and batteries.

“Given that energy is the lifeline of modern economies, modern economic growth patterns, there are not that many alternatives available and there are only a few countries that are players in the global energy market. Russia certainly cannot be counted out and Russia cannot be marginalized in the global energy landscape,” says Harsh V. Pant, professor of international relations at the King’s College London India Institute and director of the strategic studies program at the Observer Research Foundation.

International Energy Agency (IEA) Executive Director Fatih Birol and US Energy Secretary Jennifer Granholm on 12 July urged Indo-Pacific countries at the Sydney Energy Forum to diversify their supply chains for energy and critical minerals to reduce “dependency” on Russia over its special operation in Ukraine, as well as on China.

“At a time when the energy prices are going up and affecting some of the poorest and most vulnerable countries around the world very significantly, I think Asian countries will continue to cooperate with Russia in order to support their economies and their domestic requirements,” says Pant.

He explains that dealing with Russia has become an economic imperative at a time of energy crunch given that Moscow is offering discounted oil to a number of countries. Furthermore, maintaining economic relations with Russia is a question of survival and the people’s well-being for some Asian nations and countries of the Global South, according to the professor. Under these circumstances it’s highly unlikely that they will succumb to the pressure from Washington and sever ties with Russia, he says.

“For political leaders across the world, at a time when economies are just beginning to grow after the long COVID pandemic, they can [not] afford a lack of energy and higher energy prices,” Pant stresses.

Anti-Russia Sanctions: India and EU Approaches

To illustrate his point, the professor cites India’s approach to Russia’s affairs and the Ukraine crisis. New Delhi continues to import energy from Russia despite the US and Europe urging India to join sweeping anti-Russia sanctions.

“What we have seen in the last two months is a gradual, significant increase in what India is buying from Russia when it comes to oil,” the professor says. “This is particularly relevant again because Russia has offered India discounted oil and India’s economic requirements demand that India continues buying this oil. The challenges facing India’s population mean that the Indian leadership has an incentive in continuing to engage with Russia on this question.”

At the same time, the European Union’s decision to slap sanctions on Russia and slash energy supplies from the country have backfired on Europe’s economy, sending fuel prices up and accelerating inflation.

“We have seen how Europe is struggling to reduce its dependence and the kind of costs that it is imposing on Europeans,” says Pant. “Most Asian countries would be reluctant to go down that route.”

The disruptions in the supply of crude after the imposition of ban on imports from Russia have given a dramatic boost to energy prices and inflation, echoes Suranjali Tandon, assistant professor at the Delhi-based National Institute of Public Finance and Policy.

“The current inflationary trends are the most serious challenge for policy makers,” she says. “Central banks around the world have begun the process of unwinding loose monetary policy… The current inflation rates have led to internal economic strains and as seen in Sri Lanka, a political upheaval. The cooperation between Russia and Asian countries may be economically prudent.”

Moreover, major Asian economies – India and China – are ready to absorb crude supplies from Russia rejected by the West, according to her.

At the same time, Washington’s plan to force Asian states to join anti-Russia sanctions is fraught with severe risks for the global economy, Tandon warns.

“The ban, if carried out by other Asian economies, will further cut off supplies of refined petroleum and related products,” she says. “This could lead to an unmanageable inflationary spiral while depressing global growth.”

Are There Alternatives to Russia & China?

According to Tandon, India sets an important precedent for other Asian states by withstanding the US pressure when it comes to energy sanctions against Russia. By doing this, India is defending its internal interests in the first place, the professor underscores.

She hails the idea that single technology or fuel dependence should be avoided. This principle could be applied to Russia, China, or Western countries in a similar way. However, when the West is calling upon Asian nations to shift to wind, solar, and even nuclear power and abandon fossil fuels, it’s clear that this shift cannot be done immediately, the professor emphasizes.

July 12, 2022 Posted by | Economics, Nuclear Power, Russophobia | | 2 Comments

Why G7’s Program for Developing Countries is Still No Match for China’s Belt & Road

Samizdat – 28.06.2022

The G7 on 26 June re-launched its previous Build Back Better World program to provide infrastructure funds to poor and developing nations under a new name, the Global Investment and Infrastructure Partnership. The project aims to compete with China’s Belt and Road Initiative kicked off by Beijing in 2013.

The Build Back Better World (B3W) program was pompously announced by the club of seven developed nations to counter China’s Belt and Road at the G7 Summit in Cornwall in July 2021. However, little had been heard of the G7’s endeavor since then. In June 2022, the Group of Seven decided to breathe new life into the project.

“So far, America has failed to build momentum on its plan to Build Back a Better World,” says Francesco Sisci, a Beijing-based China expert, author, and columnist. “However, with this new G7 plan, which includes other countries, this momentum could start to be built. It is a question mark. Nobody is sure until things are realized. But you cannot just underestimate and dismiss this plan, because there is a large commitment of many countries with a large economy and this plan could make big sense.”

The G7’s grand design envisages laying a secure sub-sea telecommunications cable that will connect Singapore to France through Egypt and the Horn of Africa; creating a COVID-19 vaccine plant in Senegal; expanding solar projects in Angola, including solar mini-grids and home power grids; and establishing an innovative modular nuclear reactor plant in Romania, among other issues.

The US president pledged to mobilize $200 billion in investments in global infrastructure projects over the next five years. The overall investment, including G7 member states and private capital, is expected to reach $600 billion.

“With two competing plans – size matters, at the end of the day,” says Sisci. “That is, China may be able to immediately finalize a lot of money in a short time in a number of projects. The G7 countries could be slower, but eventually they could build up momentum and they could channel much more money much more effectively, perhaps, in a much larger number of projects which could stifle Chinese projects.”

Sisci suggests that the club of developed capitalist countries “may end up being more effective in many ways [than China], a smaller non-capitalist country.”

“China, but also Russia, by far, don’t have the size, the gravitas to oppose even a divided G7, which is coming together because of this opposition to China or Russia-driven projects,” he notes.

G7 Economic & Geopolitical Hurdles

However, some other observers express skepticism over the ability of the US and G7 to implement the project given record-high inflation and cost of living crisis currently engulfing the states. The US, British and European central banks are struggling to tame skyrocketing inflation by raising interest rates to reduce demand, which is prompting recession fears.

“Washington claims they are going to be sending over $200 billion. But where’s the money coming from and how is it going to be really used?” asks Thomas W. Pauken II, the author of “US vs China: From Trade War to Reciprocal Deal,” a consultant on Asia-Pacific affairs and a geopolitical commentator.

He notes that previously the US Senate voted Biden’s landmark Build Back Better initiative down, and for good reason, as Republican congressmen feared that the Democratic administration’s spending spree would fan inflation and increase an already bloated national debt.

Pauken also expresses bewilderment over the G7’s apparent readiness to embark on the bold international project at a time when the group is involved in the Ukraine crisis with the UK trying to keep the military conflict dragging on. “I mean, it’s laughable that they have to think about [competing with] China at this time when they’re on the brink of a major war in Europe,” the commentator remarks.

Meanwhile, the G7’s Global Investment and Infrastructure Partnership cannot be regarded so far as a viable alternative to the Beijing-led Belt and Road Initiative that has been implemented for slightly less than a decade, according to Pauken.

“First of all, [the G7] actually need[s] to make these projects work,” says the geopolitical commentator. “Other than that solar plant in Angola, I don’t see any of these initiatives really working.”

In particular, China invested almost $59.5 billion in its comprehensive infrastructure project in 2021 alone. When it comes to crucial elements of the project, the West appears to be lagging behind. While the G7 is still considering building a subsea cable linking Europe and Southeast Asia, China kicked off its Digital Silk Road (DSR) almost seven years ago. The DSR’s backbone is the Pakistan and East Africa Connecting Europe (PEACE), a 9,300 mile long subsea cable network meant to tie Asia, Africa, and Europe together. The network is designed to transmit over 16Tbps per fibre pair with its Mediterranean section going from Egypt to France having already been laid.

Are Emerging Economies Interested in the G7 Agenda?

There is yet another problem as to how to make these Western projects attractive for Global South nations, the Asia Pacific expert continues. In particular, the G7 has been pushing ahead with a climate change agenda and the plan to cut carbon emissions, which is not relevant for the majority of third-world states which are still reliant on cheaper and more reliable fossil fuels and coal plants, he notes.

“You also have to deal with auditing issues as well as the so-called climate change consultants who go on the ground and on site,” he says. “You have to prove that those infrastructure projects are not causing much of a carbon footprint. But most of the major infrastructure does require a big carbon footprint, especially in the emerging markets, because they don’t have the same equipment or they don’t have the same standards or labor laws as they would have in Western Europe or the US.”

Many emerging economies, including African countries, are beginning to have a growing frustration with the US and Europe, according to Pauken. The reality is that Africans and many of the emerging markets want to focus on economic stuff, he notes. However, when the US officials come in, they’re talking about climate change or gender equity, and this is not as interesting to developing nations, the commentator emphasizes.

“[Developing nations] want help on improving their agricultural production levels and boosting their energy capacity, which the Russians and the Chinese have been doing,” Pauken notes.

Given all of the above, it is unlikely that the G7’s Global Investment and Infrastructure Partnership initiative is going to actually happen, argues the geopolitical commentator.

“They’re rebranding a failed policy, thinking it might work by using new names and new mergers. Last time it was separate between the EU and separate between the US and they somehow think that if you combine the two failed projects into one, that this will somehow succeed. That’s not going to work in the real world,” Pauken concludes.

June 28, 2022 Posted by | Economics, Malthusian Ideology, Phony Scarcity, Nuclear Power | , , , | Leave a comment

Netherlands Energy Minister warns of gas crisis domino effect

Samizdat – June 28, 2022

A gas crisis in any one EU country would provoke a domino effect and quickly spread throughout the bloc, according to Dutch Climate and Energy Minister Rob Jetten.

“It’s good if some member states can fill their gas storages by November 1, but if other countries fail to reach 80% – particularly big countries like Germany – then you have to be aware that this will be a domino effect for the whole of Europe,” Jetten told Politico magazine on Tuesday.

The minister noted that in the event of a cessation of Russian gas supply, the Netherlands “will stand with neighboring countries.”

Meanwhile, Jetten stressed that tapping the Groningen gas field, once one of Europe’s largest fields and the continent’s major source of gas for decades, would be an option of last resort. In 2019, the Dutch government announced that the giant field in the northeastern part of the country would be shuttered by October 2022 to limit seismic risks in the region, with gas only to be extracted thereafter in the event of extreme weather or unforeseen circumstances.

Last week, the nation lifted all restrictions on coal-fired power stations to reduce natural gas consumption, while making an “urgent appeal” to businesses to save as much energy as possible ahead of the winter season. Jetten plans to present a plan this week on building two nuclear power plants in the country.

June 28, 2022 Posted by | Malthusian Ideology, Phony Scarcity, Nuclear Power | 1 Comment

France investigating nuclear ‘cover-ups’

Samizdat | June 10, 2022

The French government is investigating whistleblower allegations that a state-run utility agency attempted to conceal safety issues at a nuclear power plant. Prosecutors confirm they are following up on complaints filed late last year.

Officials in Marseille launched an investigation into the alleged safety problems last month after an anonymous whistleblower said conditions at the Tricastin nuclear plant in southern France were “endangering the lives of others,” French newspaper Le Monde reported on Wednesday.

An engineer at the facility, the whistleblower also accused officials at the plant of “harassment,” as well as “violations of the criminal code, the environmental code, the labor code and the regulations relating to nuclear installations.” Though incidents continued – including a mysterious power surge at one reactor in 2017 and a flood at the same station one year later – no action was taken.

The largely state-run firm which operates the plant, Electricite de France (EDF), confirmed the ongoing investigation to the Wall Street Journal, saying the probe would help to “shed all necessary light on the alleged facts and thereby show the truth.”

Speaking to Reuters on Thursday, a lawyer for the whistleblower, William Bourdon, said the complaint was initially filed in November, but noted that the subsequent investigation does not target EDF directly. Instead, a probe “against X” has been launched, allowing prosecutors to look into the actions of multiple different parties.

The new investigation marks another blow for the French utility, which has recently taken half of the country’s nuclear reactors offline due to scheduled maintenance and refueling, and even outages caused by corrosion and damage. The spate of shutdowns coincided with soaring energy prices across Europe and elsewhere, driven in part by the conflict in Ukraine, as well as Western sanctions on Russian gas and oil exports.

The cost of inspecting and repairing the French nuclear plants could exceed €4.5 billion ($4.8 billion), according to recent EDF estimates, well beyond previous expectations. France derives around 70% of its electricity from nuclear power, and has seen a jump in prices throughout 2022.

Prior to the whistleblower filing, the Tricastin nuclear site had encountered some safety issues, including two separate uranium leaks within a matter of days in July 2008 which contaminated 100 employees at the plant and led to a ban on using local water for drinking, swimming, and agriculture.

June 10, 2022 Posted by | Deception, Nuclear Power | , | Leave a comment

EU hopes to ditch Russian gas hit glitch – media

Samizdat | May 27, 2022

Europe’s largest producer of atomic energy, Electricite de France SA (EDF), usually exports cheap power during the winter but may be forced to import it this year, Bloomberg reported on Friday.

According to the report, about half of EDF’s 56 reactors are currently halted. Some of the company’s plants are offline for regular maintenance or refueling, while a dozen are idled for checks and repairs following the discovery of stress corrosion issues at units in late 2021. Cracks have been reportedly confirmed in key piping systems at four reactors.

Output in 2022 is expected to be the lowest in more than 30 years, the company estimates.

“We have a French problem which is taking place at the wrong time, given the geopolitical situation,” Nicolas Leclerc, co-founder of Paris-based energy consultancy Omnegy, was quoted as saying by Bloomberg. “The whole European equilibrium may be threatened,” he added.

France will import “heavily” this winter, and grid operator RTE may need to limit power supply to large industrial users, said Jean-Paul Harreman, director of consultancy EnAppSys BV.

“A nightmare scenario would consist of a dry summer, resulting in low water reserves in the Alps, Iberia, Balkans and Scandinavia, and a prolonged cold spell across Europe, driving up demand,” he cautioned.

The utility company’s challenges are so serious that French President Emmanuel Macron has suggested that some of its key activities could be nationalized in order to ensure the country’s energy security.

The EDF’s nuclear failures come as the European Union is rushing to secure alternative gas supplies in a bid to ditch Russian energy. That could be particularly hard for nations such as Germany, which relied on Russia for 40% of its supply last year and is shutting down its own nuclear industry. Berlin plans to buy up large amounts of liquefied natural gas, but it doesn’t yet have import terminals of its own.

“France will require that all adjacent countries have ways to produce electricity,” said Leclerc. “It’s important for us that Germany isn’t too much at odds with Russia. If they don’t have access to Russian gas, they won’t be able to produce the electricity we need,” he explained.

May 27, 2022 Posted by | Nuclear Power | , | 1 Comment

Can renewable energy ever replace fossil fuels?

By Paul Homewood | Not A Lot Of People Know That | March 31, 2022

Let me start by stating that I am not pro or anti anything. In a free market, the best technologies, solutions and products automatically come to the fore, without the need for subsidies, regulations and mandates.

If renewable energy is all that is promised, it will do the same.

There is of course no doubt that the cheap, abundant and reliable energy provided by fossil fuels has transformed society and made all of us better off than ever before in so many ways.

We get rid of them at our peril!

So far, our transition to renewable energy in the UK has been painfully slow and extremely expensive. Wind and solar power still supply only 3% of the UK’s total energy consumption after two decades of trying. Meanwhile, according to the Office for Budget Responsibility, subsidies for renewables were expected to cost £12 billion in 2021/22. This actually understates the reality because it does not include all of the indirect costs involved in grid balancing and so on, meaning the true cost is probably over £15 billion.

It is of course true that the recent rocketing of gas prices has reset the agenda. But it is important to note that the current price does not reflect the cost of extracting gas. It is the result of an imbalance in supply and demand. Such imbalances have occurred before, and a normally functioning market would quickly increase gas production, driving prices back down to historic levels.

But even before those price rises, it was being claimed that wind and solar power were cheaper than fossil fuel. However such claims fail to take into account the additional system costs imposed by their intermittency.

Moreover, claims that offshore wind costs are now down to around £40/MWh simply are not supported by the evidence. The claims are derived from the prices agreed for Contracts for Difference, the government subsidy mechanism. However, wind farms are under no legal obligation to actually take up these contracts; they are effectively only options.

Detailed examination of actual company accounts continues to show that the capital costs for building offshore wind farms has not fallen significantly in recent years, and that the true running costs are probably around £100/MWh. To put this into perspective, historically wholesale electricity prices have been under £50/MWh.

Solar power has certainly come down in cost in recent years, but the technology is a dead end here in the UK, because of our latitude. In winter, when demand for electricity is at its highest, our solar farms typically work at only 2% of their capacity.

Solar power certainly has a future in sunnier climates. But even in India, for instance, the government have realised that they cannot run an electricity grid purely on intermittent power. Even their ambitious plans only project that a 11% of their energy will be coming from wind and solar by 2040.

And it is of course intermittency which is the overriding problem here. You can forget about batteries and other forms of storage, as these can typically only supply power for an hour or two. This is useless when the wind stops blowing for days and weeks on end.

Hydrogen is usually wheeled out as the answer to all of our problems, replacing gas needed to back up wind farms as well as heat our homes. However, even the Committee on Climate Change accept that most of the bulk of our hydrogen will have to be made by steam reforming natural gas.

This process is not only expensive, it also wastes a lot of the gas input. In other words, you need more gas to produce hydrogen than you would need if you just burnt the gas itself in the first place. Worse still, steam reforming emits carbon dioxide, so you need to bolt on a carbon capture system adding yet more cost.

All in all, hydrogen made this way would be double the cost of gas in energy terms. But, crucially, you would still need as much natural gas as you do now, and more. Far from replacing fossil fuels, hydrogen increases our reliance on them.

The alternative is green hydrogen, which is made by electrolysis. It is usually suggested that surplus wind power is used for this. However, the amounts of hydrogen which could be produced this way would be tiny, as well as extremely costly given the intermittency of the process.

The bottom line is that we will still need gas, and lots of it, to back up a renewable heavy grid. Indeed, the more renewable capacity we build, the more backup we need.

And that is only considering electricity. We need lots more gas for heating and industrial use.

The biggest problem with using hydrogen, or for that matter electricity, for domestic heating is how you cope with peak demand in winter. On average over the year, demand for gas is roughly double that for electricity. But in winter, peak gas demand is seven times as much.

To get a scale of the numbers, gas consumption peaks at around 350 GW in mid winter. Current government plans target wind capacity of 45 GW by 2035, which on average will produce just 15 GW, and often as little as 2 GW.

You can of course store gas very easily, so that it can be turned on and off when needed. Green hydrogen, most of which would be made during summer when demand for electricity is low, would have to be stored for use in winter, something for which there is no ready solution.

There are plenty of vested interests out there who claim hydrogen is the way forward and call for government “investment”. But what they are really after are the fat subsidies that will come with it.

The simple reality is that we will continue to need fossil fuels for many years to come. In the long term we will have look to develop new technologies such as nuclear fusion, or build small nuclear reactors and the like if we want to decarbonise.

Renewable energy has a part to play, but it can never be the whole answer.

April 1, 2022 Posted by | Economics, Nuclear Power, Timeless or most popular | 1 Comment

Russian MoD responds to Zaporozhskaya nuclear power station incident

RT | March 4, 2022

The spokesman for the Russian Ministry of Defense, Major General Igor Konashenkov, issued an official statement on Friday morning concerning the shootout and fire that had occurred at Ukraine’s Zaporozhskaya nuclear power plant earlier the same day.

“Last night, an attempt to carry out a horrible provocation was made by Kiev’s nationalist regime on the area surrounding the station,” he announced, claiming the Russian troops patrolling the territory had been attacked by a Ukrainian sabotage group.

According to the spokesman, the Ukrainian forces had attacked Russian soldiers at about 2am local time, opening heavy fire from the training facility next to the power station in order to “provoke a retaliatory strike on the building.”

The Russian patrol had neutralized the group’s firing points, but the saboteurs had then set fire to the training facility as they retreated, Konashenkov said. The blaze was put out by the Ukrainian State Emergency Service’s firefighters. “At the moment of provocation, no staff members were at the facility,” he noted.

In response to the Russian Ministry of Defense’s statement, Ukrainian president Volodymyr Zelensky denied the provocation claims and accused Russian forces of having staged the attack.

The mayor of the nearby town of Energodar had originally reported that the fire had been caused by Russian shelling, and that the blaze had engulfed the power plant itself, but the emergency services dismissed the latter claim.

It was reported on Monday that the facility had been captured by Russian forces, and that staff were keeping operations going and monitoring radiation levels. The International Atomic Energy Agency has offered assurances that there has been no change in those levels in the wake of the incident.

Russia began its military offensive in Ukraine last week, claiming its invasion was aimed at “demilitarizing” and “denazifying” the government in Kiev and stopping what it called the “genocide” in the two breakaway regions of Donetsk and Lugansk. Ukraine has accused Moscow of an unprovoked offensive, with the US and its NATO allies following suit and imposing severe economic sanctions.

March 4, 2022 Posted by | Deception, Nuclear Power | , | 1 Comment

International nuclear watchdog passes resolution on Ukraine

RT March 3, 2022

In a resolution passed on Thursday by its board of directors, the International Atomic Energy Agency (IAEA) reportedly “deplored” Moscow’s invasion of Ukraine. Russia has denounced the document, calling it politicized and factually incorrect.

The resolution, which is yet to be published, apparently calls on Russia to allow the Ukrainian authorities to resume control of its nuclear sites. Moscow says the assertion that they are not already in control is incorrect.

There were claims that Russian troops had occupied the site of the destroyed Chernobyl nuclear power plant as they moved from Belarus towards Kiev. The Russian Defense Ministry has denied them, stating that Ukrainian guards remained in control of the facility.

On March 1, Reuters gave a preview of the draft of the damning resolution, which was penned by Poland and Canada on behalf of Ukraine.

The news of the resolution’s passage, with just two votes having been cast against it at the session of the 35-member board, was welcomed by Ukraine. Foreign Minister Dmytro Kuleba claimed in a tweet that it showed the world was “united against Russia’s actions, which threaten Ukraine and all of Europe.”

Russia’s representative at the IAEA, Mikhail Ulyanov, blasted the document, claiming it contained “intentional politically motivated lies and mistakes.” In particular, the assertion that the Ukrainian authorities were not in control of the nation’s nuclear sites was wrong, the official said in a series of tweets.

Moscow was satisfied that “countries whose populations taken together exceed a half of the mankind refused to support the resolution,” Ulyanov added.

China has confirmed that it voted against the resolution. Its representative, Wang Qun, said the document “obviously” overstepped the agency’s mandate to monitor nuclear security, and that by adopting the resolution, it had undermined the IAEA’s position as a professional, non-political organization.

The diplomat complained that some nations had “forcibly pushed” the draft and rejected suggestions submitted by other board members about how to improve the document.

Earlier on Thursday, IAEA Director General Rafael Mariano Grossi confirmed to journalists that all safety precautions the agency had taken in Ukraine remained intact.

March 3, 2022 Posted by | Deception, Nuclear Power | , , , | Leave a comment

France makes massive nuclear bet

RT | February 10, 2022

French President Emmanuel Macron announced on Thursday that the government will back the construction of six new nuclear reactors across the country. The first will enter service by 2035, according to the French leader.

“We must continue the great adventure of civil nuclear power in France,” Macron told the media on a visit to the eastern city of Belfort – the home of General Electric’s France-based turbine unit. He also announced the commissioning of a study to assess the feasibility for a further eight reactors.

“Given the electricity needs, the need to anticipate the transition, the end of the existing fleet, we are going to launch today a program of new nuclear reactors,” Macron declared.

The six new units will be EPRs – originally known as European Pressurized Water Reactors – which have been designed and developed by French company Framatome and its parent Électricité de France (EDF). The technology is also being used in the UK’s Hinkley Point power station and in Taishan, China.

The new EPR reactors will be supplemented by small modular reactors (SMR) with the aim of creating “25 gigawatts of new nuclear capacity by 2050,” Macron said.

The president added that he had made two further big decisions. He said he had asked EDF to study the conditions for extending the lifespan of a reactor beyond 50 years and claimed he wanted future reactors to be ever-lasting, only shutting down for safety reasons.

France has strongly supported the development of its nuclear industry throughout the last four decades, however neighboring Germany has phased out nuclear power, with environmental and safety concerns at the heart of its reasoning.

February 12, 2022 Posted by | Nuclear Power | | 1 Comment

Cancer patients sue company behind Fukushima radiation

RT | January 28, 2022

Six people were children living near the Fukushima nuclear power plant at the time of the 2011 disaster, when the facility was heavily damaged in an earthquake and subsequent tsunami.

The plaintiffs have since developed thyroid cancer, blaming radiation that seeped from the power plant for their condition.

“Some plaintiffs have had difficulties advancing to higher education and finding jobs, and have even given up on their dreams for their future,” the group’s chief lawyer, Kenichi Ido, told AFP.

The plaintiffs, now aged between 17 and 27, are seeking compensation from the Fukushima operator, the Tokyo Electric Power Company Holdings (TEPCO). They demand the company pay a total of 616 million yen ($5.4 million). The plaintiffs have experienced prejudice against thyroid cancer patients, with the illness heavily affecting their lives, one of the group members – identified only as a woman in her 20s – has said.

“I decided to come forward and tell the truth in hopes of improving the situation for nearly 300 other people also suffering like us,” she stated.

The lawsuit has become the first class-action against TEPCO over health problems allegedly linked to the Fukushima disaster. Establishing a solid link between thyroid cancer and the meltdown is likely to become a focal point of the case, since no relationship between cancer cases and the disaster was recognized by an expert team previously established by the regional government. At the same time, radiation exposure is a well-proven risk factor for developing such type of cancer.

Over 290 people who lived in the area at the time of the meltdown have been diagnosed with or are suspected of having thyroid cancer. Some 266 of them were found during a provincial health survey of people aged 18 and younger at the time of the disaster, which affected some 380,000 residents.

The plaintiff’s legal team argues that such rates – 77 per 100,000 – are significantly higher than the usual one to two cases per one million people. Regional authorities and experts, however, have blamed the unusual rates on excessive screening and over-diagnosing.

The Fukushima power plant got crippled following the 2011 9.0-magnitude Tohoku earthquake and a subsequent devastating tsunami. The plant suffered a major meltdown, which became the worst nuclear disaster since the 1986 Chernobyl incident. The catastrophe prompted an evacuation order for nearby towns and villages, which has been gradually lifted over the past few years. The last deserted settlement – the town of Futaba located in an immediate vicinity of the damaged plant – is expected to welcome residents willing to return later this year.

January 28, 2022 Posted by | Nuclear Power | | Leave a comment

« Previous Entries     Next Entries »