Global Energy News Roundup: July 1

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via @forumonenergy

Effect of Brexit on UK Nuclear Industry Unclearshutterstock_444206605

Some officials have been quick to claim the Hinkley Point nuclear power station project could become a casualty of Brexit.  EDF Chief Executive Officer Jean-Bernard Lévy has however assured that the UK’s decision will have no impact on EDF Energy’s strategy to build Hinkley Point C.  “We operate in the markets like any [other] large company, and we made sure that we did not take a position one way or the other,” said Lévy .

Source: World Nuclear News , Wall Street Journal, Independent

Japanese Companies Vote to Continue Nuclear Power

Shareholders urged Japan’s nine major electric power companies to end nuclear power generation, reflecting safety concerns still lingering since the 2011 Fukushima disaster. The proposals, however, were turned down after they failed to meet the two-thirds majority vote of shareholders required to pass. At the shareholders’ meeting held by Kyushu Electric Power Co., President Michiaki Uriu said: “We have been able to secure a profit due to the resumption of operations at nuclear plants and a large decrease in fuel costs. We will work toward an early resumption of operations at the Genkai nuclear plant (in Saga Prefecture).”

Source: Japan Times, Asahi Shimbun

 (L-R)Mexican President Enrique Pena Nieto, Canadian Prime Minister Justin Trudeau and US President Barack Obama during the North American Leaders Summit on June 29, 2016.


U.S., Canada, and Mexico Commit to 50% Clean Energy by 2025

President Obama and the leaders of Canada and Mexico announced that all of North America would rely on 50% clean energy by 2025. Currently, the three countries together generate 37% of their power from clean energy sources like nuclear, wind, solar and hydro power. In the U.S, nuclear currently accounts for approximately 19% of the energy production, but according to President Obama’s senior adviser, Brian Deese, this percentage is not likely to increase going forward.

Source: Ecowatch, CNN, Washington Examiner

Mitsubishi Joins EDF in Areva Stake

France’s energy giant, EDF, signed a partnership deal with Japan’s Mitsubishi Heavy Industries (MHI).  MHI will take a minority stake alongside EDF in the reactor unit, Areva NP. EDF chairman and CEO Jean-Bernard Lévy said, “This opportunity will lay the foundations for a joint and successful promotion of new nuclear projects in the global market and will also benefit the entire nuclear energy industry in France and in Japan.”

Source: Energy Business Review, Bangkok Post