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Industry News
Uranium Energy Corp (NYSE American: UEC, the "Company" or "UEC") is pleased to announce that the Texas Commission on Environmental Quality has issued the Radioactive Material License for the Burke Hollow Project, completing the last of the four major permits needed for uranium extraction. The Burke Hollow Project will be developed as part of the Company’s hub-and-spoke strategy, designed for low-cost in-situ recovery ("ISR") of uranium with final processing to occur at our nearby and fully permitted Hobson Plant.
The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced up to $9.5 million in federal funding for cost-shared research and development (R&D) under the funding opportunity announcement (FOA) DE-FOA-0001992, Maximizing the Coal Value Chain.
US coal production was forecast to total 722 million st in 2019, down 4.3% from 2018 production of nearly 755 million st, US Energy Information Administration data shows. In 2020, the EIA predicts production of 682 million st, down 5.6% from 2019 expectations, according to its Short-Term Energy Outlook. US coal output has not fallen below 700 million st since 1978 with 670.2 million st. While the EIA output forecast for this year fell 7.5 million st from January's STEO, expectations for 2020 output grew by over 2 million st since January.
Indeed, one of the great myths in our ongoing energy-environment discussion is that only renewable energy systems are evolving. The reality, of course, is that fossil fuel-based technologies are constantly improving as well. Our use of fossil fuels is always becoming more efficient with systems needing less fuel (feed) to generate more energy and becoming cleaner by emitting less greenhouse gases. Perhaps coal is the best example of this fact
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Regulatory Update
NSSGA needs you to send comments to the U.S. Environmental Protection Agency (EPA) to support the replacement of the unlawful 2015 Waters of the U.S. (WOTUS) Rule. NSSGA and member companies opposed the 2015 WOTUS rule that would have allowed the federal government to regulate waters that have little or no connection to flowing rivers and made permitting much more difficult and costly for members via comments, testimony, support for congressional action and, finally, litigation.
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Legislative Update
U.S. Sens. Shelley Moore Capito, R-W.Va., and Joe Manchin, D-W.Va., are part of a bipartisan group of lawmakers who have reintroduced legislation aimed at promoting carbon capture research and development, according to a release from Capito’s office.
On Thursday, Feb. 28, 2019, the U.S. Senate voted 52-47 to confirm Andrew Wheeler as administrator of the Environmental Protection Agency (EPA), The Hill reports. Wheeler has been leading the EPA since former Administrator Scott Pruitt resigned in July 2018.
Supporters of legislation to bolster the nation’s infrastructure see a window of opportunity that could close in a matter of months if Congress does not act. Congressmen on a bipartisan panel February 8 said that, if an infrastructure bill does not make it out of the House in six months, it probably won’t get passed this year.
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