WASHINGTON (AP) — The Senate muscled its way into President Barack Obama's talks to curb Iran's nuclear program, overwhelmingly backing legislation Thursday that would let Congress review and possibly reject any final deal with Tehran.
The vote was 98-1 for the bipartisan bill that would give Congress a say on what could be a historic accord that the United States and five other nations are trying to finalize with Iran. Under the agreement, Iran would roll back its nuclear program in exchange for relief from crippling economy penalties.
The Energy Department’s program for managing excess uranium through transfers and sales is riddled with problems, including legal issues and inconsistent methods for valuing sales, according to a government auditor, who added that the DOE isn’t properly assessing impact sales and transfers have on the domestic uranium market.
In testimony before the House Oversight and Government Reform Subcommittee on the Interior Wednesday, Government Accountability Office Natural Resources and Environment Director David Trimble said the GAO has identified issues with the program since 2006.
WASHINGTON (AP) — Defending an emerging nuclear deal, President Barack Obama said Iran would be kept a year away from obtaining a nuclear weapon for more than a decade, but conceded Tuesday that the buffer period could shrink to almost nothing after 13 or more years.
Obama, whose top priority at the moment is to sell the framework deal to critics, was pushing back on the charge that the deal fails to eliminate the risk because it allows Iran to keep enriching uranium. He told NPR News that Iran will be capped for a decade at 300 kilograms — not enough to convert to a stockpile of weapons-grade material.
The Mixed Oxide Fuel Fabrication Facility at Savannah River and the Uranium Processing Facility at the Oak Ridge National Laboratory would be killed under legislation to slash spending on nuclear weapons, proposed Monday by two Democratic lawmakers.
The bill, introduced by Sen. Ed Markey, D-Mass., and Rep. Earl Blumenaeur, D-Ore., would cut $100 billion from nuclear weapons activity over the next decade, including termination of construction of the MOX facility at the Energy Department's Savannah River Site in South Carolina and cancelation of construction of the upgraded nuclear processing facility at the Oak Ridge National Laboratory in Tennessee.
Daniel Poneman, who used to hold the number-two position at the Energy Department, will become president and CEO of uranium enrichment company Centrus Energy, formerly the U.S. Enrichment Corp., E&E reports.
Canada’s uranium miner Cameco Corp. looks set to produce its worst set of results in a decade as the doldrums in the uranium market triggered by the Fukushima Dai-ichi disaster in 2011 continues, The Wall Street Journal reports.
CHEYENNE, Wyo. (AP) — Six workers at a Wyoming uranium mine inhaled the radioactive element while cleaning up a spill inside a processing building just days before the mine delivered its first shipment last year, according to the Nuclear Regulatory Commission.
The workers' urine tested positive for uranium at close to seven times the federal agency's permissible level, the federal agency alleges in a Nov. 14 violation notice against Lost Creek LLC ISR, a subsidiary of Littleton, Colorado-based Ur-Energy.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
WASHINGTON (AP) — The Democratic and Republican senators largely responsible for tough sanctions on Iran are warning of more penalties if any deal with Tehran on its nuclear work is unacceptable.
Sen. Bob Menendez of New Jersey, the chairman of the Foreign Relations Committee, and GOP Sen. Mark Kirk of Illinois said in a statement Wednesday that a good deal must dismantle, not stall, Iran's nuclear program. They said it must prevent Tehran from being on the cusp of becoming a nuclear weapons state.
Plants would no longer be exempt from air pollution regulations when they’re starting up, shutting down or malfunctioning, under a new regulation from the Environmental Protection Agency, The Hill reports.
A series of major energy and environmental regulations will be published by federal agencies between June and August, including the Environmental Protection Agency’s rules limiting power plant carbon emissions, the Interior Department’s rule protecting streams from mountaintop removal coal mining, and the Obama administration strategy for cutting methane emissions, The Hill reports.
A group of senators - 17 Democrats and Independent Bernie Sanders - has written to Interior Secretary Sally Jewell, asking her to stop Royal Dutch Shell or anyone else from drilling in the Arctic, Reuters reports.
The reaction in Washington to this week’s oil spill off the coast of Santa Barbara has been muted, National Journal reports, despite wishes expressed by environmentalists that the incident generate backing for policies moving the country away from fossil fuels.
A website set up by Sens. James Lankford, R-Okla., and Heidi Heitkamp, D-N.D., to collect grievances about federal regulation and bureaucracy has received complaints about a wide variety of the Environmental Protection Agency’s pending regulations, E&E reports.
Mississippi electric power cooperatives are backing away from a deal in which they would take 15 percent ownership of the Kemper County coal plant that will use carbon capture technology, because they said the power it generates would end up being too expensive, E&E reports.
A stronger dollar combined with the drop of only 1 oil rig in Baker Hughes’ weekly count sent crude prices sliding Friday. Benchmark West Texas Intermediate crude lost 1.6 percent, or $1, to settle at $59.72 a barrel on the Nymex, while in London, Brent was $1.17 , or 1.8 percent, lower, at $65.37, The Wall Street Journal reports.
Standard & Poor’s thinks oil companies that have managed to survive the slide in crude prices by borrowing more money may start running into trouble in the coming months, particularly if the price stays in the $50 range, FuelFix reports.
A new analysis concludes that wells in Mountrail and McKenzie counties in North Dakota’s Bakken Shale are productive enough to remain profitable even with oil prices around $60 a barrel, FuelFix reports.
With oil prices dramatically lower than a year ago, AAA predicts that more than 37 million people will travel more than 50 miles over the Memorial Day weekend - the most since 2005, The New York Times reports.