Word: oiling
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...rate: Maine codfish, Spanish octopus, deepwater snapper from Japan. His dishes are modest in size yet generous in potency. Shrimp tartare is sprinkled with edible pansies and gold dust; a trifle is composed of caviar, salt cod and potato. That snapper is smoked over cherrywood and glistens with apricot oil. See www.l2orestaurant.com. (See 10 things to do in Chicago...
This should be Areva's time in the sun. As governments search for clean, renewable energy sources and consumers worry about volatile oil prices, nuclear power is hot again. The fear of nuclear accidents like the one at Three Mile Island in 1979 or at Chernobyl in 1986 has begun to fade as nuclear's backers make their case in a world growing warmer. Nuclear plants, goes their argument, provide a steady supply of relatively cheap energy with zero carbon emissions. The new enthusiasm for nuclear is measurable. Over the next decade, the world is expected to build 180 nuclear...
...surprise that the industry's 800 lb. gorilla is French. Back in the 1970s, when most Western nations reacted to the end of the first oil crisis by forgetting it ever happened, France decided to kick its petroleum habit by pouring money into its young nuclear industry. France now has 59 operational reactors, which generate 80% of the country's electricity and have allowed it to become a net exporter of power...
...around $7 billion a pop, the payday for the biggest players - Areva, Russia's Rosatom, Toshiba-owned Westinghouse, Mitsubishi Nuclear Energy Systems and a joint venture between General Electric and Hitachi - promises to be huge as countries around the world turn to alternatives to coal and oil to meet rising demand for clean electricity. A reactor currently under construction in Tennessee is the first of at least a dozen nuclear plants planned in the U.S. over the next decade or so. Italy has just reversed a 22 year-old freeze on building new nuclear plants; Rome aims to use nuclear...
...next several years - and another $2.8 billion to buy Siemens' joint-venture stake. Spinetta's plan calls for the state to sell 15% of Areva to new investors. Leading potential buyers include Mitsubishi - a frequent Areva partner - and Abu Dhabi's flush sovereign wealth funds. (Read: "Abu Dhabi: An Oil Giant Dreams Green...