Wednesday, March 24, 2010

Nuke deal breakthrough, great for several reasons (PCG)




The New York Times is reporting that a breakthrough is imminent between Russia and the USA on a successful replacement for the arms reduction treaty that expired in December:

The new pact would replace the Strategic Arms Reduction Treaty of 1991, which expired in December, and would require both sides to reduce their warheads and launchers by more than one-quarter. The agreement is the most significant accomplishment so far for Mr. Obama’s policy of trying to “reset” relations with Russia. It is intended to pave the way for another more far-reaching round of reductions later in his term.
Neither the White House nor the Kremlin would formally comment on Wednesday, but officials on both sides confirmed that an agreement was close to done. A Kremlin official, who spoke on condition of anonymity, said there was basic agreement on the text of the pact, although not all the wording had been finalized. He confirmed that Prague would be the likely location of a signing ceremony, although that too needed to be finalized.
In addition to the "feel good" vibe from this development, it's great news for clean energy. As I wrote previously in a piece titled BOMBS keep your lights on! (seriously), utilities like PG&E (PCG) depend on "large, international producers" of nuclear fuel. That would be Russia:



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