Word: uranium
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...courtroom has become center stage for more than 200 top corporate, international and antitrust lawyers. By a quirk of jurisdiction, Felter is presiding over one of the largest and most complex corporate lawsuits ever filed in an American court-a $2 billion-plus action by a New Mexico uranium mining company, United Nuclear Corp., against General Atomic Co., a 50%-owned subsidiary of Gulf Oil Corp., for fraud, coercion and breaches of the nation's antitrust laws...
...case, which has already produced more than 10,000 exhibits, is a key part of the continuing legal fallout from the operations of the now notorious world uranium cartel. The cartel included companies from Canada, Australia, Britain, France and South Africa, as well as the governments of all those countries except Britain. Gulf Oil, the only known American participant, was represented through a Canadian subsidiary. The cartel existed only from 1972 to 1975, but it cashed in on a bonanza that would make an OPEC oil minister jealous: during those three years, world "yellowcake" prices zoomed from less than...
...native population, for our survival and the maintenance of our culture, but greedy multinational corporations and real estate conglomerates demand our land. The "desolate" patches of land in North America where Indian people live, given by treaty to the Indians--cover approximately 90 per cent of the uranium reserves and 50 per cent of energy resources. The vast uranium fields of both the south-western United States as well as Northern Brazil are inhabited principally by native people. Native people have lived harmoniously with the earth in the Americas for over 60,000 years, and now the economic interests...
Examples like these underscore one of the most frightening challenges of the atomic age: how to get rid of a rising flood of radioactive sludge that results from reprocessing uranium to extract plutonium, which is used to make atom bombs and as fuel for fast-breeder reactors. At the moment there is no technology for disposing of this deadly garbage. But the stockpiles of nuclear waste smoldering away in upstate New York are only part of the problem. In addition, each of the nation's 65 nuclear generating stations also produces waste in the form of spent uranium fuel...
...aspect of the plan that is certain to draw the fire of antinuclear groups is the President's offer to have the U.S. store the atomic waste of foreign reactors that use American fuel. Spent uranium rods used in reactors can be reprocessed to yield plutonium, which could be used for military purposes. By holding the spent foreign fuel in the U.S., Washington hopes to curb the global proliferation of nuclear weapons...