The Italian job
Utah's economic future may be dim, but the landscape for one sector is glowing: radioactive dumping.Utah's EnergySolutions is projecting it will more than make up for last year's $8.9 million loss.
"As we look forward, the nuclear services sector remains robust and we see significant opportunities for us to grow...," says EnergySolutions' top guy Steve Creamer. He anticipates revenues next year will be more than $1.8 billion.
Financial analysts agree, saying the Salt Lake-based company has positioned itself to capitalize on the "rebirth" of nuclear power. Part of the future depends on getting permission to import 20,000 tons of Italian nuclear waste.
"Although the company has yet to receive approval and secure a contract to import . . . [the] waste for processing in Tennessee and disposal in Utah, we expect the company to continue to aggressively pursue this opportunity as it seeks approval from the Nuclear Regulatory Commission," say securities analysts at Wedbush Morgan.
Not everyone is delighted with Utah's reaping of the radioactive trash the Italians sowed. The Tribune's editorial board complains:
If a foreign country has the technical expertise to build nuclear power plants and field industries that create radioactive waste, it certainly has the know-how to design its own dump and dispose of its own nuclear garbage. But, with a private, for-profit company ready and willing to take the waste off their hands, they'll line up to do business with EnergySolutions, and spare their citizens the danger at our expense. We can't let that happen.
4 Comments:
Besides, the Tribune opposes virtually everything that will promote economic growth, including natural resource development which they call a dead end industry.
Their/your mantra is "more tourism". Tourism jobs are low wage and predominantly filled by immigrants, not people who are already here and paying taxes.
Oops, I guess that immigrant comment makes me a racist, doesn't it? Bad girl, no biscuit!
Well, no it doesn't. I'm just making the points that we should be focusing on high wage jobs and finding jobs for people who are already here. If we don't create jobs for people that are already here, who will?
Hey anonymous, maybe we could create jobs which doesn't also turn us into the nuclear waste capital of the world, eh?
And what is that nonsense about racism, bad girl, biscuit? Did someone attack you for it? Or are you just so hopped up on the conservative reactionary bandwagon that you're now introducing your own issues to alienate yourself?
Finally, forgive me, but "Energy Solutions" (Translation: Nuclear Waste Dump) isn't really "us," is it. It's a very, very wealthy corporation looking to retain as much money to itself and it's chief management as possible. It's not exactly falling all over itself to pump money back into the economy of the state it's quickly littering with the world's nuclear waste, is it.
But yeah! If we can get a few above-minimum wage jobs out of it, that will CERTAINLY make up for contaminating our state with toxic nuclear waste with half-life's ranging in the thousands of years. Screw the kids that will inherit our irradiated happy valley; you and me - we're gettin' ours! Yeah!
If you don't agree with me, then please fill up the lower blank space I've left with a random racial/immigrant jab of your choosing so it makes it more appealing to you.
DS
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Huh? The Tribune opposes virtually everything that will promote economic growth? Really? Why? Why would they do that? Just 'cause they're against money and our economy? For whatever mysterious reason which you've conjured out of thin air? Does that really make sense to you? 'cause to me, that sounds like pure idiocy. That sounds like someone who is so wrapped up with hating the trib that they will say anything, no matter how bizarre and ridiculous it may be. Am I getting warm?
Not like you need this response, but hey - at least now you won't have to conjure up delusional phantoms of opposition for you to get all excited about yourself over, and can instead yell at someone who is actually here, refuting you.
Good luck. I know reality is totally disappointing when you've got a carefully constructed fantasy of polarizing political forces you've depended on. Ah well. Everyone has to grow up eventually.
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