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- Canadian and American utilities are earmarking $0.001 per kilowatt-hour to finance long-term spent fuel disposal. This money in Canada goes to NWMO (Energy and Resources Canada). In the US, it is managed by OCRWM (Department of Energy).
- Each power plant produces tons of high level spent fuel each year, depending on its type of fuel (natural or enriched) and its output.
- Annual world production of spent fuel is over 12,000 tons. American & Canadian utilities have set aside over $30 billion for disposal of spent fuel.
- Over a hundred thousand tons of spent fuel is awaiting long-term storage worldwide.
- The safety of the underground storage concept has been demonstrated; it is under implementation in Sweden (SKB).
- Securad provides a solution for the disposition of used nuclear fuel that presents a far lower environmental risk compared to short or medium term wet or dry storage solutions.
- The unresolved issue of spent fuel creates uncertainty that is harming the funding and construction of new nuclear plants.
- Climate change has shifted the paradigm around nuclear power; environmentalists now support new nuclear plants because they will reduce the production of emissions caused by the burning of fossil fuels.
- Decisional gridlock at the political level has created a market opportunity for a private venture to implement a solution.
- Spent fuel must be secured from potential terrorist attacks, earthquakes, other accidents or rogue nations who could use it for weapons production.
- The Securad solution is clearly superior to other options and the time is ripe for action.
- Stable geology with minimal tectonic activity over a massive area.
- Controllability of water circulation at operating depth.
- Location downwind of populated areas of North America.
- Access by sea and deep harbor facilities.
- Shorter transport distances from nuclear plants.
- Near zero human and animal population or vegetation in the designated area.
- Implementability of high security standard in the area.
- Involvement of inhabitants, natives and new residents.
- Several alternate sites suitable for repositories in different provincial jurisdictions.
- Environmental sensivity is Securad's highest priority.
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