Nuclear returns

All the evidnece suggests that the world must once again go back to exploiting uranium-based power - at Moneyweek.co.uk - the best of the week's international financial media.

Despite environmentalists' opposition, all the evidence suggests that the world must once again go back exploiting uranium-based power. MoneyWeek investigates

Right now, says Robert Mitchell of Adit Capital in The Gloom, Doom and Boom Report, carbon is accumulating in the atmosphere at a rate of three billion tons per year. You may think this doesn't matter, that "we will all part this earth from problems utterly unrelated" to global warming. Or you may simply think it doesn't exist. But you can't get away from the other consequence of our dependence on fossil fuels: their prices just keep on rising. The oil price has more than doubled in the last few years as demand from all over the world, particularly from China, has soared beyond everyone's expectations. And the price of coal is also rising at a rapid clip, thanks to the fact that the average US consumer gets through about four tons of coal every year and that Chinese usage is heading that way too.

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