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Big Oil backtracks on renewables push as climate agenda falters
(www.reuters.com)
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this post was submitted on 27 Dec 2024
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It's not the cost that stops reprocessing; it's the paranoia over proliferation of weapons-grade materials.
No it's the cost. Reprocessing wouldn't create weapons grade materials in most cases. Not anymore than the enrichment for the existing reactors anyway. Problem is that it requires expensive equipment, lots of security, and doesn't produce nearly as much energy as the existing reactors, at least not in the short term, and companies (especially publicly traded ones) only really have incentive to care about short term profit.
Then you have the problem of limited supply in a given area, and if you need to get it from all over the world, the transportation is definitely a security issue and major expense. And once you reprocess all of the existing waste, it takes time for more to be produced. Then you aren't making profit.
It's just not a profitable undertaking, so it will never happen. The general conceptual technology has existed at least as long as nuclear reactors. But hasn't been developed at all. That's the reality and will remain the reality. Especially considering that other, truly renewable energy sources are cheaper to build, and don't require as much security and maintenance to produce as much energy.
The biggest thing that would solve a lot of problems in renewables would be investing in battery and other efficient energy storage. But the fossil companies own most of that tech now, have traditionally shelved it after buying it, and with the current political atmosphere, are being incentivized to more aggressively dig for more fossil fuels rather than plan for the future. Especially in the US with the next administration planning to increase oil and coal production and eliminate the environmental restrictions that make it more expensive to dig up, process, and use what little remains.