Financial

In September 2006 billionaire investment guru Warren Buffett joined forces with the Nuclear Threat Initiative   to kick start the creation of a “nuclear fuel bank” at the International Atomic Energy Agency. The idea behind a nuclear fuel bank is pretty simple: countries that seek civilian nuclear power must either a) import low-enriched uranium or b) enrich their own uranium. From a country’s perspective, b is generally preferable because it means they are not dependent on external sources of enriched uranium. From a non-proliferation perspective, however, b is worrisome because once countries start enriching their own uranium, it could be only a matter of time until they decide to use that technology to create weapons-grade uranium. Read the rest of this entry »