Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Toro acquires Lake Maitland uranium project from Mega Uranium – expands Wiluna regional resource base by 42% | Main | ‘It is a moment of jubilation for the nuclear energy sector’ »
Wednesday
Aug142013

Picking up the nuclear energy bill divides the EU

(Reuters) - European Union rules to be published over the coming weeks could make it easier to justify using taxpayers' money to fund new nuclear power, which would pitch major EU powers against each other.

The European Commission, the EU executive, says its mind is still open on the topic, but it is under pressure to set a legal framework for state aid to nuclear projects after several member states, including Britain, sought its guidance.

Whatever it lays down, as part of a wider modernisation of state aid rules, is likely to widen a rift between anti-nuclear nations, such as Germany and Austria, and those willing to support the technology, including Britain and the Czech Republic.

A Commission spokesman said the executive is not planning to encourage nuclear state aid, but lawyers said a leaked draft of its proposal last month indicated it was leaning towards allowing nuclear financing.

"Each notification by a member state would of course still be subject to a case-by-case analysis by the European Commission," said a spokesman for the Commission's competition directorate, which leads on state aid rules.

Lawyers say the Commission does have the ultimate say on state aid but that the process of issuing guidelines and carrying out a consultation could legitimise nuclear state aid for new builds, rather than just for short-term emergency funding as has happened in the past.

The guidelines on environmental and energy aid for 2014-2020 are expected to be published around the end of September, after elections in Germany scheduled for September 22.

To read this article in full please click here.

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that your verification has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>