Lightbridge Comments on Text of Senate Bill S.3060: Thorium Energy Security Act of 2010
March 09, 2010: 12:33 PM ET
money.cnn.com
WASHINGTON, March 9, 2010 (GLOBE NEWSWIRE) -- A bill to amend the Atomic Energy Act of 1954 to accelerate the use of thorium-based nuclear fuel in existing and future reactors was co-sponsored and formally introduced by Sen. Orrin G. Hatch (R-Utah) and Harry Reid (D-Nev.) on Wednesday, March 3, in the United States Senate and referred to the Committee on Energy and Natural Resources.
To review the press announcement visit:
hatch.senate.gov
To see Senator Hatch's introductory statement for this legislation visit:
frwebgate.access.gpo.gov
To see the full text of the bill visit:
thomas.loc.gov
"We applaud the efforts of Senators Hatch and Reid in formally introducing this bill to the Senate," said Seth Grae, Lightbridge (Nasdaq:LTBR) CEO. "This is a significant milestone for the nuclear industry and offers the hope that alternative nuclear fuels will be considered for new and existing reactors as global power demand continues to require fresh thinking."
March 5 marked the 40th anniversary of the entry into force of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). The new bill, if enacted, would further strengthen the NPT by ensuring the growth of nuclear power in the United States and other countries without creating weapons-usable material and excessive waste.
"The introduction of this important legislation by Senators Hatch and Reid, which will advance the cause of peaceful nuclear energy in the context of nuclear non-proliferation, is an appropriate recognition of the 40th anniversary of the entry into force of the NPT," said Ambassador Thomas Graham, Jr., Lightbridge Corporation Executive Chairman of the Board. Speaking as the former Special Representative of the President of the United States for Arms Control, Non-Proliferation, and Disarmament and leader of the U.S. delegation to the international conference that successfully achieved the permanent extension of the NPT, Graham continued, "the legislation introduced by Senators Hatch and Reid is a major step forward for the industry and validation for the thorium-based nuclear fuel technology being developed by Lightbridge."
To see the full text of the treaty visit:
un.org |
