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Uranium's New Ally: Environmentalists
Hi everyone including anti-nuclear activists who often post to radsafe.
Found this interesting article from www.caseyresearch.com, an investment
newsletter which is worth reading.
Stewart Farber, MSPH
[203] 367-0791
=================
Uranium's New Ally: Environmentalists
By Dave Forest
November 19, 2004
www.caseyresearch.com
In 2000, the world's top environmentalist, James Lovelock - pioneer of the
"Gaia hypothesis" on the interconnectedness of life on our planet - stood
nervously before a meeting of Friends of the Earth members. He had come to
deliver a new message to his peers, a message he wasn't certain they were
ready to hear.
The time has come for us to go nuclear.
The statement, which stunned Lovelock's audience, was the culmination of
some hard thinking that led him to the conclusion that global warming was
the single greatest environmental danger facing humanity. Fossil fuels
were killing the planet. But what could be done? Alternative power sources
- solar, wind, geothermal - weren't nearly at the stage to provide
substantial relief. Something else would have to save the Earth.
Just before the Friends of the Earth meeting, Lovelock had spent time
talking with Bruno Comby, a man with an answer. Comby was a nuclear
physicist by training, who had spent several years working for the nuclear
industry in France. Concerned over what he felt were larger problems
facing the world, Comby quit his job to start a natural-living research
organization focused on organic gardening, air pollution, and, of course,
climate change. But the more he studied environmental issues, the more he
thought back to his old line of work. Nuclear power, he realized, was the
clean energy solution that the Earth desperately needed. Comby wrote a
book on the subject and founded the advocacy group Environmentalists for
Nuclear Energy (EFN).
When Comby and Lovelock met, they found they shared numerous views,
including Lovelock's growing realization that nuclear power might be a
solution to global warming. Hand wringing aside, atomic energy was already
one of the only emissions-free electricity sources widely in use across
the world. Unlike most renewable power sources, the technology was well
developed and not limited by location the way hydro, solar, and wind
energy are. Chatting with Comby helped persuade Lovelock to finally go
public with his support for nuclear power.
Spurred by Lovelock's endorsement, the green nuclear movement has steadily
gained momentum over the past few years, with EFN now boasting over 6000
members and supporters in 50 countries. The cause got a further shot in
the arm this past May when Lovelock published an editorial in London's
Independent entitled "Nuclear power is the Only Green Solution". In the
article, Lovelock begged his fellow environmentalists to end their
opposition to nuclear plants, saying that the green community is "more
concerned about threats to people than with threats to the Earth, not
noticing that we are part of the Earth and wholly dependent upon its
well-being."
Lovelock himself does few interviews these days, but we recently caught up
with Bruno Comby, president of EFN, to find out what effect the
organization's efforts, and Lovelock's celebrity endorsement, are having
on worldwide opinion of nuclear energy, and the impact that a reversal of
opinion on the issue within the environmental community could have for
already hot uranium stocks.
Comby told us that his organization is in fact finding surprisingly strong
support amongst environmentalists. "Since EFN has been participating in
public events," he says, "people in these organizations come to us and
say, 'We know you're right.'" He believes that green support for nuclear
energy has been increasing over the past years as the specter of climate
change has become more prominent. But environmentalists who favor nuclear
power, he told us, have in the past been silenced by the green movement's
hard line anti-nuclear agenda, set by groups like Greenpeace that largely
control funding to smaller organizations. "Those who are smart enough," he
says, "understand that they'd better remain anti-nuclear... or they get
fired."
So why are the top dogs in the green community so staunchly against
nuclear? "Greenpeace and World Wildlife Fund... have international money
coming from other countries," Comby says. "And when you go up to the
source, it ends up with the oil companies or the Arab countries. They have
a strong interest in suppressing the nuclear industry."
Despite what Comby believes is special interest-driven anti-nuclear
sentiment, he told us that the work of EFN, combined with endorsements
like Lovelock's, is changing minds in the green community. "A lot of
people write to EFN sort of shattered," he says, "saying things like, 'I
heard that James Lovelock supports nuclear. Are there really advantages to
nuclear energy?' They've always been told that nuclear power is bad, and
then they hear just the opposite, and the guy who tells them is the pope
of environmentalism." Comby also points out that some local chapters of
Friends of the Earth now support nuclear, and that France's
second-generation environmental political party is pro-atomic energy.
Comby attributes the increasing amount of pro-nuclear sentiment partly to
the realization by many green thinkers that renewable energy, while an
important goal, can't provide the quick fix needed to head off the climate
change catastrophe they fear. "The problem of global warming is the number
one environmental threat for the planet today," he told us. "Renewable
energy should be developed, energy conservation should be encouraged, but
these just don't face up with the numbers. Nuclear is the only alternative
we have to replace significant amounts of oil and gas. It's by far the
safest and the cleanest energy available today."
Comby's organization is growing quickly - last year opening a North
American chapter - and the group continues to lobby governments, other
environmental organizations, and anyone else who will listen, on the dire
need to switch from fossil fuels to atomic power while there's still a
chance to prevent the worst effects of global warming. Their suggestions
about the dangers of climate change are, of course, sometimes met with
skepticism, but one thing is certain: the green nuclear movement is just
one more sign that atomic power is indeed enjoying a long-overdue
resurgence. If EFN succeeds in its efforts, and a major group such as
Greenpeace or the World Wildlife Fund come out for nuclear, then the
single largest obstacle to a wider adoption of nuclear as the fuel of the
future will have been removed and the recent gains uranium prices - and
many of the uranium stocks we are following -- will be just the beginning.
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