Saturday, October 20, 2012

Uranium Mining - #4312 - Should a Virginia Family Be Allowed to Mine the $6 Billion in Uranium on Its Own Land? - Heritage Foundation

 The Coles family has lived and worked on its family farm in Virginia since 1785. Their farm, Coles Hill, rests 1,600 feet above what is believed to be 119 million tons of uranium, the largest uranium deposit in the country. The deposit is valued at $6 billion, and contains enough fuel to power all of America’s 104 nuclear reactors for two years. But the Virginia government believes the risks of mining uranium outweigh the benefits and has blocked the Coles from developing this resource. The Heritage Foundation’s Jack Spencer and Katie Tubb explain the issue at the heart of this debate: At issue is whether the Virginia General Assembly will produce regulations that allow uranium mining. Uranium mining would create jobs and wealth in a region that badly needs it, and would provide an important energy source. Those factors are significant, but even more is at stake: the underlying issue over private property rights. May people safely develop their own property as they see fit? The uranium deposit is located in southern Virginia, which has long suffered from a depressed economy. Considering the economic boost the mining of uranium ore would provide the struggling region, it’s almost neglectful for the state to deny its development. The state makes an environmental argument against the development, but this falls short since uranium has been mined safely and successfully elsewhere. Virginia itself, Spencer and Tubb report, “has extensive experience in regulating the mining of other resources, like coal and titanium.”  Read more........

No comments:

Post a Comment