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Global "Nuclear Fuel Bank Established with Buffett Endowment

Background via International Atomic Energy Agency: “A nuclear “fuel bank” – where the IAEA administers a nuclear fuel reserve…would assure a back-up supply for power reactors throughout the world on a non-discriminatory, non-political basis reducing the need for countries to develop their own uranium enrichment technologies at a time when concerns about nuclear proliferation are growing. Most government and industry experts agree that the commercial fuel market functions well in meeting current demand. Since this would be a back-up or reserve mechanism, it would be designed inherently in a way not to disrupt the existing commercial market in nuclear fuels.”

  • NYT: Buffett Helps U.N. Agency Create Nuclear Fuel Bank – “Spurred by a pledge of $50 million from Warren E. Buffett, the billionaire investor and philanthropist, the board of the International Atomic Energy Agency voted Friday to set up a global nuclear fuel bank that aspiring nations can turn to for reactor fuel instead of making it themselves.”
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