Fran on Uranium

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 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 not to invest in any company that could be mining uranium simply because 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.

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