Posted on 09/24/2024 4:28:03 PM PDT by rktman
In a move that could signal the beginning of the end for the expensive and unreliable Biden-Harris green energy ideology, 14 of the world's biggest banks have announced they are lining up behind President Donald Trump's plans for nuclear energy in the world's future.
Online reporting cited documentation of the plans by the Financial Times:
The statement said, "Banks and funds totaling $14 TRILLION in assets have just signed an unprecedented statement in support of nuclear power. They'll be presenting the pledge to support the goal of tripling nuclear THIS MORNING at the Rockefeller Center in New York City to kick off NY Climate Week."
It continued, "A few of the names: Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole, Goldman Sachs, Morgan Stanley, Rothschild & Co. The pledge comes after Microsoft signs deal to buy $16 billion in electricity from a revived Three Mile Island nuclear plant alone over 20 years to fuel its AI ambitions."
(Excerpt) Read more at wnd.com ...
AI is going to need incredible amounts of power.
Sweet.....I expect Kamala will come out with her push for Nuclear energy...any day now...lol
Why not
It cost about $10 billion or more to build a Nuke.
That is primarily borrowed money.
Palisades ping...
“It cost about $10 billion or more to build a Nuke.”
Not the small modern safer modular nuclear power designs.
If he gets big jump in black support his first job is to make sure every black man has a job-doable. The black women are a lost cause.
Nuclear was, is and will remain the cheapest, (((most reliable))), national / sovereign, and cleanest way to produce power in the quantity required to run an industrial nation with a massive transportation need.
If the US pushes nuclear, that changes everything. Why?
Suddenly the EV really does become a cleaner alternative.
As electrical costs drop rail will switch more to this power source.
Home air and water heating (a big one), and lawn and garden equipment...
Things that currently use fossil fuels will become more electric not by mandates but because they are cheaper, more reliable / convenient, cleaner.
DO NOT FORCE things with mandates like idiot politicians so often like to do, but let the market do it all by itself as electric costs drop and people switch to electric home and water heating, electric garden and lawn equipment which is also more easy to maintain, as rail uses more electric, and the EV can actually truly claim to be low emission...
Fossil fuels with the extremely high energy density by volume and weight will remain where practice, but now “electricity” becomes more practical in a wider range of applications.
I have been onboard for decades with the concept of exploiting nuclear power, especially technologies like Thorium reactors, Pebble Bed reactors, and even (yes) Fusion power. We should be investing as much as we can afford to into developing fusion power.
Fusion power may indeed be unattainable, but that same adjective has been applied to many technologies.
To those who say nuclear power is unsafe, I would say that nuclear power designed on 1950’s-1970’s technology is unsafe compared to what we could do today, in the same way that spaceflight leveraging 1950’s-1970’s technology as was found in the Space Shuttle could be viewed as unsafe.
And the same way that transatlantic voyages using 17th Century technology would be unsafe compared to 20th Century technology.
Just because something was once prohibitively expensive and dangerous to undertake doesn’t mean it would be that way forever.
We should make it a national priority to do with nuclear technology what Elon Musk has done, and will do even further with space travel.
But we will never, ever be able to do it while these Leftist bastards have their rat-claws on the levers of power. Never.
No one has built a small modular reactor yet
We don’t know yet what they will cost in the real world. There isn’t even a prototype reactor built yet.
I am in favor of them but I am for this purpose go with real world ‘known’ cost.
It I was to go with wishful thinking I would wish for a Thorium reactor.
Exactly. Our government should do what was done leading up to WWII, when we had to get our industry onto a wartime footing, and all the Democrats up to and including Roosevelt didn’t want to allow manufacturers to profit from building war materials.
They had a viscerally negative opinion of “war profiteers” on the Left. The Right simply looked at is as commerce and a chance to make money, on top of preparing for war.
One man changed all that, and his name was William S. Knudsen. He had been Henry Ford’s right hand man during the formative years of the auto industry, and he convinced Roosevelt that if he unleashed the power of the capitalist market and allowed manufacturers to make money, they could achieve unheard of advances in wartime productivity.
Roosevelt reluctantly agreed, and history showed us what can be done.
We should get on the same footing with nuclear power. Turn the Middle East into an unimportant backwater.
A benefit is, much like the NASA space program seeded thousands of technologies and methods (No, it wasn’t all just “Tang”!) this national push is sure to engender the same kind of technological offspring.
One of those technological offshoots might actually be game changing improvements in energy storage technology that WOULD make electric vehicles commercially viable, which they are assuredly NOT in today’s environment without government subsidies.
I’m with you!
I spent the majority of my life in the nuclear industry and I got into it because I was an environmentalist. It is the most environmentally safe way to generate electric power.
My point was that banks make money loaning money. DUH! They are in favor of industry borrowing money, especially when that loan is subsidized or guaranteed by the US Government.
“Sweet.....I expect Kamala will come out with her push for Nuclear energy...any day now...lol”
Quick and astute ... I would not bet against that prediction. :)
Yes. I have a degree in Chemistry, and ended up going into Nuclear Medicine, so I am familiar with the impediments towards the development and use of nuclear power...often irrational ones (though not always, as we have seen when humans can still make mistakes that become catastrophic (such as at TMI or Chernobyl, or, with a little help from nature...Fukushima.)
But that is all with old technology. We could fix this.
It is very difficult to convince people to invest in nuclear right now. We must change that.
Argentina: SMRs are under construction in Argentina
Canada: SMRs are under construction or in the licensing stage in Canada
South Korea: SMRs are under construction or in the licensing stage in South Korea
United States: Holtec is working on SMR projects in Michigan and New Jersey
Rolls Royce: Rolls Royce has memoranda of understanding with Estonia, Turkey, and the Czech Republic
Funny. Leftists deride Conservatives for somehow being against protecting the environment, but the the most consequential and long-lasting environment disasters took place behind the Iron Curtain, where Leftist policies were unchallenged.
And the best way to protect the environment is to responsibly exploit it and allow people to make money off of it in a free market system.
It is decisions like this which convince me Trump is something special.
The typical politician wants quick solutions, something they can show to the masses right away and where they can put their name on it.
This is a long term decision where the benefits will be realized AFTER Trump is gone.
Also, there are people who fear nuclear power and this is an issue which is somewhat contentious. Politicians love to hug wind turbines where you have little push back, even though it’s a farce.
https://obamawhitehouse.archives.gov/sites/default/files/image/image_file/p032112lj-0275.jpg
https://www.renewableenergyworld.com/wp-content/uploads/2022/02/51477949630_5f6948a5a8_k.jpg
What are they using on our 11 nuclear powered aircraft carriers?
They must be using full sized nuclear power plants with footprints of 1.3 acres.
The trick is in cloaking the nuclear power plant so nobody notices it.
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