How They Saved Cheniere from Disaster to Dominate US LNG Exporting
Spencer Abraham, John Deutch, Vicky Bailey, Neil Bush
Five years ago, Cheniere Energy Inc. was losing tens of millions of dollars a quarter and slashing its workforce in half, as crippling debt threatened to force it into bankruptcy. Today it’s the undisputed leader in the nation’s promising new energy sector: exportin liquefied natural gas, or LNG. That remarkable turnaround followed its industry-leading decision in 2010 to reverse course and export, rather than import, natural gas.
Cheniere’s success in executing that costly and risky switch is a direct result of its ability to obtain a unique regulatory status. Federal energy regulators have awarded the company a combination of federal permits — so far withheld from all 20 competitors seeking similar treatment — that have worked like sprinkled pixie dust, attracting major customers and investors to Cheniere and giving wing to its stock. Continue reading Powerful Friends and Cozy Relationships Helped Cheniere Cut Through Regulation
The P Reactor at the Savannah River Site
Thanks to funding from the Colombe Foundation, the Educational Foundation of America and an anonymous donor, National Security News Service reporters spent the last two years investigating the most secretive institution in the federal government: the National Nuclear Security Administration (NNSA) and its radioactive weapons facility – the Savannah River Site (SRS). Continue reading The Bomb Plant
President Barack Obama and President Dmitry Medvedev of Russia sign the New START Treaty during a ceremony at Prague Castle in Prague, Czech Republic, April 8, 2010. (Official White House Photo by Chuck Kennedy)
The timing for the ratification of the New START treaty is dividing Republicans and Democrats while President Barack Obama keeps on pleading that there is “no higher national security priority” for the lame-duck session of the Congress.
Continue reading Lame Duck Vote on New START Too Risky for Obama Says GOP Aide
While the chair of the S.C. Sierra Club, Susan Corbett, testified to the Blue Ribbon Commission on America’s Nuclear Future on November 16 against reprocessing and against the creation of more waste, a proposal to ship spent nuclear fuel from out-of-state reactors to South Carolina for recycling has been emerging.
Savannah River Nuclear Solutions, the private company that operates the Savannah River Site under contract with the Department of Energy, has proposed to create four experimental nuclear power plants capable of burning radioactive waste for fuel. The company estimates that it could be potential alternatives to the Yucca Mountain repository which has been closed this year by President Barack Obama because it had reached its legal capacity. The supporters of the project also insist on the fact that it would generate 25, 000 high-paying jobs and electricity without contributing to global-warming.
Continue reading South Carolina: It’s Own Yucca Mountain?