Fran O’Sullivan writes:
Australia now earns more than A$1 billion annually from exporting uranium ore concentrate. By 2014, that figure is expected to be A$1.7 billion.
There are tight controls: Australian uranium is produced only for export and is used only for peaceful purposes in civil nuclear power stations outside of Australia and is trumpeted as a contributor to global climate relief.’
The reason Australia doesn’t have a suite of nuclear power stations is it burns cheap coal for power.
But NZ is stuck in a 1980s cul de sac: Nuclear equals bad.
Secondly, is the PM now expected to order the administrator of his blind trust not to invest in any company that could be mining uranium simply because New Zealand has anti-nuclear laws?
If so, that rules out many companies with diverse interests. Bizarre really.
I thought it was bizarre. Nuclear power is indeed a way to reduce carbon emissions, so wy the fuss over the PM having shares in a company that helps reduce carbon emissions.