Tag: Nuclear Energy

China to Cooperate With Gulf Nations on Nuclear Energy and Space, Xi Says

Chin@Strategy

China plans to cooperate with Saudi Arabia and other Gulf countries in the fields of nuclear energy, nuclear security and space exploration, President Xi Jinping said on Friday, showcasing his nation’s strengthening ties with a region that was once firmly in the U.S. sphere of influence. Mr. Xi was speaking in the Saudi capital, Riyadh, at a summit with rulers and officials from the six Gulf Cooperation Council countries — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — during a three-day visit to Saudi Arabia. Later…

U.K. Backs Giant Nuclear Plant, Squeezing Out China

Chin@Strategy

The British government on Tuesday threw its weight behind nuclear power, saying it would back a major new generating plant on the coast of the North Sea northeast of London. The government said it would invest £700 million ($842 million) for a 50 percent stake in Sizewell C. EDF, the French state utility, which will construct the plant, will hold the rest. The deal squeezes out a Chinese state-owned company, China General Nuclear, which had owned 20 percent of the project. CGN received an undisclosed sum for its share, reflecting…

3 Big Questions Looming Over the Glasgow Climate Talks

Chin@Strategy

This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. Six years ago in Paris, world leaders celebrated a breakthrough in global climate politics: After more than two decades of failure, nearly every country finally agreed to reduce “as soon as possible” the amount of planet-warming greenhouse gases they were pumping into the atmosphere. Those leaders knew, though, that their pledges were woefully insufficient to avert disaster and would need to be ratcheted up at a later date. That is…

U.K. Moves to Attract Financing for Nuclear Plants

Chin@Strategy

The British government said on Tuesday that it would introduce legislation enabling a form of financing for nuclear power stations that it hopes will attract investors willing to put up billions of pounds to build new facilities. The government’s move, which would require consumers to help pay for these plants as they are being built, is expected to provide a green light for a long-delayed new nuclear station northeast of London, estimated to cost £20 billion ($27.5 billion). The British subsidiary of Électricité de France, the French utility, has done…

US blocks radioactive fuel to China over fear it wants to TRIPLE nuke stockpile

Chin@Strategy

THE US has blocked radioactive fuel to China over fears Beijing wants to triple its nuke stockpile. President Joe Biden’s administration ordered the Nuclear Regulatory Commission to block exports to China on “national security” grounds, The Times reported. 5 US President Joe Biden with Chinese President Xi JinpingCredit: Getty 5 The Taishan 1 nuclear power station in ChinaCredit: Free for editorial use The export of radioactive materials to China’s state-owned nuclear company the China General Nuclear Power Group is now banned under the order. It comes after Chinese state media…