Is uranium poised for another big bounce? Adam Rodman of Segra Capital Management returns to follow up on his tremendously popular Real Vision interview from late 2017, and to review the key drivers of this most unusual commodity. Rodman explains the big picture, then dives down into the nuances of both the supply and demand sides of the market. Filmed on January 3, 2019 in Dallas.
For more information on Michael Shellenberger, please visit www.tedxberlin.de. Michael Shellenberger is co-founder and Senior Fellow at the Breakthrough Institute, where he was president from 2003 to 2015, and a co-author of the Ecomodernist Manifesto.
Over the last decade, Michael and his colleagues have constructed a new paradigm that views prosperity, cheap energy and nuclear power as the keys to environmental progress. A book he co-wrote (with Ted Nordhaus) in 2007, Break Through: From the Death of Environmentalism
to the Politics of Possibility, was called by Wired magazine “the best thing to happen to environmentalism since Rachel Carson’s Silent Spring,” while Time Magazine called him a “hero of the environment.” In the 1990s, he helped protect the last signi cant groves of old-growth redwoods still in private hands and bring about labor improvements to Nike factories in Asia. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedxNuclear energy is the only practical alternative that we have to destroying the environment with oil and coal.-Ansel Adams, 1983 (14 min)
A major donor to President Trump agreed to pay $10 million to the president’s then-personal attorney if he successfully helped obtain funding for a nuclear-power project, including a $5 billion loan from the U.S. government, according to people familiar with the matter.
The donor, Franklin L. Haney, gave the contract to Trump attorney Michael Cohen in early April to assist his efforts to complete a pair of unfinished nuclear reactors in Alabama, known as the Bellefonte Nuclear Power Plant, these people said.
.. Authorities are investigating whether Mr. Cohen engaged in unregistered lobbying in connection with his consulting work for corporate clients
.. Mr. Cohen made several calls to officials at the Energy Department in the spring to inquire about the loan guarantee process, including what could be done to speed it up
.. James Thurber, a professor of government at American University, said success fees are “outside the ethical norms” among Washington lobbyists and are frowned upon.
Century-old court rulings deemed fees contingent on lobbyists obtaining public funds or killing legislation unenforceable and counter to public policy, saying they encouraged corruption, he said. Several lobbyists contacted by the Journal said $10 million was an unheard-of sum to pay a consultant for government-related work.
.. Mr. Cohen’s other consulting clients, including AT&T Inc. and Novartis AG , the Journal has previously reported, citing people familiar with the matter. Those companies said they paid Mr. Cohen a total of $1.8 million since Mr. Trump took office for his insights into the administration. Both have said he didn’t do any substantial work for them.
Presidential appointees, business advocates complain, routinely overstep the authority given them by Congress in how they write and enforce rules. With the addition of Brett Kavanaugh, President Donald Trump’s Supreme Court nominee, business sees the Supreme Court as a reliable bulwark against executive branch overreach.
.. Judge Kavanaugh believes presidents, unlike regulators, are owed considerable deference, especially on national security and law enforcement. That’s significant because Mr. Trump is now using national security to justify his own economic interventions, especially on trade.
.. Much of the controversy over the administrative state harkens back to 1984, when the Supreme Court decided, in a case involving the Environmental Protection Agency, Chevron U.S.A. Inc. and an environmental group, that when a law is unclear, the court should defer to a federal agency’s interpretation of that law.
.. Courts have cited Chevron deference, as this doctrine is known, to grant wide latitude to regulatory agencies, from the EPA to the Department of Labor and the Federal Communications Commission. Many conservatives blame it for a decadeslong transfer of power to the executive branch. They questioned the legality of President Barack Obama’s routine use of executive authority, such as limiting greenhouse gas emissions and suspending some deportations of illegal immigrants, to sidestep Congress.It encourages the president, regardless of party, to “be extremely aggressive in seeking to squeeze its policy goals into ill-fitting statutory authorizations and restraints.”
.. Both parties have agencies they love to hate: For Republicans, it’s the EPA and the Consumer Financial Protection Bureau; for liberal Democrats, it’s now Immigration and Customs Enforcement. For both, it’s the Internal Revenue Service or the Justice Department when the other party controls the White House. In each case, a change of president is usually enough to change the agency’s behavior.
.. Yet even as he rolls back the administrative state, Mr. Trump has pushed the boundaries of presidential authority. He has imposed steep tariffs on imports of aluminum and steel and is planning the same on cars, citing his national security authority under a little-used 1962 law. Mr. Trump is also weighing forcing utilities to buy more coal and nuclear-generated power, also on national security grounds.In both cases, national security appears to be a pretext to shore up economically beleaguered industries... “There is a pronounced dichotomy between Kavanaugh’s view on deference to agencies as opposed to his view on deference to presidents,” says Jonathan Turley, a law professor at George Washington University. He says Congress has been progressively marginalized by the expanding authority of both federal agencies, and presidents; Judge Kavanaugh seems to oppose the first and encourage the second.
.. Judge Kavanaugh’s concurring opinion, as a judge on the U.S. Court of Appeals for the D.C. Circuit, in 2015 that the National Security Agency could collect an individual’s telephone “meta data.” Because the purpose was preventing terrorist attacks, he said, it didn’t violate the Fourth Amendment’s prohibition on unreasonable search and seizure.
Cohen, who is now in a dispute with his attorneys about some of his legal bills, plans to seek new representation soon, the people said. He wants to find a New York lawyer more familiar with the U.S. attorney’s office in Manhattan, they said.
.. In Washington, Mueller has been examining Cohen’s role in at least two episodes involving Russian interests, as The Post has previously reported.
One area of interest to the special counsel is negotiations Cohen undertook during the 2016 campaign to help the Trump Organization build a tower in Moscow, according to people familiar with the probe. Cohen brought Trump a letter of intent in October 2015 from a Russian developer to build a Moscow project. Later, he sent an email to Russian President Vladimir Putin’s chief spokesman seeking help to advance the stalled project. He has said he did not recall receiving a response.
.. Another area that Mueller’s team has explored is a proposal to end tensions in Ukraine, viewed by some as a plan that would benefit Russia
.. The meeting was organized by Felix Sater, a Trump business partner who had also worked to broker the deal to build a Trump Tower in Moscow during the presidential campaign.
The back-channel proposal offered a pathway for resolving the Ukrainian dispute that could have eventually led to the lifting of U.S. sanctions on Russia, a top goal of Putin.
.. Cohen told the news outlet that he took it to Washington and left it in Flynn’s office days before Flynn was fired.
.. But in interviews last year with The Post, Cohen called that account “fake news” and denied that he gave the proposal to Flynn or that he had ever said he had done so. Instead, Cohen told The Post he threw away the unopened envelope in a trash can at his New York apartment.
“I never looked at it,” Cohen said. “I never turned it over to anyone.”
.. Cohen also told The Post that Artemenko indicated to him that his peace initiative for Ukraine came with Russian support. “He said Russia was on board — the Russian government,”
.. Artemenko said he met repeatedly with U.S. officials, including members of Congress, to promote the proposal in Washington. The meetings, he said, he were set up by Curt Weldon, a Republican former congressman from Pennsylvania.
.. He said the nuclear power plan would have been a blow to Russia because it would have provided independent power to neighboring states that had been dependent on Russian energy sources. “Since this was an anti-Russia energy development proposal, it was no surprise to me that U.S. officials would support this project,” Sater said.
Private-sector backers of a controversial Middle East nuclear-power plan worked with former national security adviser Mike Flynn to promote it inside the White House, to the point of sending him a draft memo for the president to sign authorizing the project.
At issue was a proposal to build dozens of nuclear reactors, billed by its backers as a “Marshall Plan for the Middle East.” Before joining the White House, Mr. Flynn, a retired lieutenant general, had advised some of the U.S. companies involved in the plan in his capacity as a consultant... The plan was projected to generate $250 billion in revenue for U.S. companies.. Evidence now is surfacing about how far it progressed inside the administration, and how Mr. Flynn’s former staffer continued to promote it after Mr. Flynn left office in February... Since his resignation, his former private-sector colleagues have continued to lobby various federal agencies about the plan and recently met with Jared Kushner, the president’s son-in-law and a senior White House adviser... In early January, Mr. Flynn talked favorably about the proposed deal with Mr. Trump’s friend, real-estate magnate Thomas Barrack Jr... Mr. Flynn arrived at his National Security Council job with a group of people who felt the Obama administration had been too soft on Iran. They believed the nuclear-power plan, which envisioned building and operating dozens of nuclear plants in Saudi Arabia and across the Middle East, would strengthen Iran’s rivals... One of the people Mr. Flynn brought with him, former Army Col. Derek Harvey, said at a meeting during the first week of the new administration that Mr. Flynn had told him to develop a regional economic and energy plan for the Middle East. When staffers pointed out there was an NSC office that handled economic and energy issues, Mr. Harvey said Mr. Flynn had directed him to take the lead on the issue... After Mr. Flynn was ousted, Mr. Harvey pushed NSC colleagues to continue working on the nuclear plan. The private-sector group still promotes the deal and holds weekly meetings.