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Eugene

(61,593 posts)
Fri Feb 14, 2020, 01:32 PM Feb 2020

Trump wants $1.5B over 10 years to revive US uranium mining

Source: Associated Press

Trump wants $1.5B over 10 years to revive US uranium mining

By BRADY McCOMBS and ELLEN KNICKMEYER
14 February 2020

SALT LAKE CITY (AP) — The Trump administration is asking Congress for $1.5 billion over 10 years to create a new national stockpile of U.S.-mined uranium, saying that propping up U.S. uranium production in the face of cheaper imports is a matter of vital energy security.

But some Democratic lawmakers, and market analysts across the political spectrum, charge that the Trump administration’s overall aim is really about helping a few uranium companies that can’t compete in the global market. Demand for the nuclear fuel has languished worldwide since Japan’s 2011 Fukushima disaster. U.S. uranium production has plummeted 96% in the last five years, the U.S. Energy Information Administration reported Thursday.

Trump made the request for a new national uranium reserve in his 2021 budget request this week — the latest illustration that trying to rescue the U.S. nuclear and coal industries is a political priority for the Republican president, who often invokes national security as justification.

“It’s not the responsibility of the taxpayer to bail out an industry, whether that’s uranium, solar, coal, what have you,” said Katie Tubb, a senior energy policy analyst at the conservative Washington Heritage Foundation.

-snip-

Read more: https://apnews.com/06d99ee066302f91dded79a83ea21b19

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Trump wants $1.5B over 10 years to revive US uranium mining (Original Post) Eugene Feb 2020 OP
smells like socialism to me! (rolls eyes) Thomas Hurt Feb 2020 #1
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