Tag: Vattenfall

  • Sweden’s Parliament Lifts Uranium Mining Ban Amid Narrow Vote and Environmental Concerns

    Sweden’s Parliament Lifts Uranium Mining Ban Amid Narrow Vote and Environmental Concerns

    The Swedish Parliament (Riksdag) has narrowly voted to lift the national ban on uranium mining, reopening the door to domestic extraction of the nuclear fuel for the first time since 2018.

    The decision passed by just one vote, with support from the government coalition and the Sweden Democrats, while the opposition — including the Green Party and Social Democrats — strongly opposed the measure.

    Supporters of the move argue that uranium mining is essential for Sweden’s long-term energy stability as the country expands its nuclear power capacity. Critics, however, warn that the decision poses significant environmental and social risks, particularly for rural municipalities with uranium-rich deposits.

    “This is a step backwards for environmental protection and public safety,” said Amanda Lind, a Green Party representative, sharply criticising the government’s decision.


    Key Changes and Next Steps

    Under the new legislation, mines with small uranium reserves will no longer be subject to strict permit requirements or municipal veto rights, which had previously allowed local authorities to block mining projects.
    This effectively simplifies the approval process and allows uranium to be treated as a secondary raw material in broader mining operations.

    The legal changes will take effect on January 1, with further reforms planned for mid-2026 that could fully abolish municipal veto powers and reclassify uranium extraction from a “nuclear instrument” to a “nuclear activity,” reducing procedural delays for industry.


    Local Concerns

    The decision has sparked strong reactions in uranium-rich regions such as Falköping, Östersund, and Vilhelmina, where local leaders and residents fear potential impacts on water quality, farmland, livestock, and rural landscapes.

    “We risk losing public trust if local communities feel overruled,” said one municipal council member quoted in Swedish media.


    Nuclear Expansion Context

    Sweden currently operates six nuclear reactors and plans to build additional ones in the next decade to meet rising electricity demand and reduce dependence on fossil fuels.

    The previous uranium mining ban, introduced in 2018 by the Social Democratic government, aimed to limit environmental risks and reduce nuclear proliferation concerns.

    However, following Russia’s invasion of Ukraine in 2022, Sweden halted uranium imports from Russia, which previously supplied state-owned utility Vattenfall AB. The government now sees domestic uranium extraction as a way to cut import costs and secure a stable fuel supply for its expanding nuclear fleet.


    The Bigger Picture

    The debate highlights Sweden’s broader energy dilemma — how to balance green transition goals, energy independence, and public environmental concerns.

    While the repeal marks a significant policy shift, it also deepens divisions between advocates of energy security and defenders of environmental safeguards.

  • German coal plants follow steps of large miners to clean image

    German coal plants follow steps of large miners to clean image

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    Germany’s coal companies are following large multinational miners in cleaning up their image, with critics concerned that restructuring plans may set the stage for emissions to rise further.

    [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space][vc_separator][vc_empty_space height=”10px”][vc_row_inner][vc_column_inner width=”2/3″][widget-SocialWidget][/vc_column_inner][vc_column_inner width=”1/3″][link url=”https://www.miningweekly.com/article/german-coal-plants-follow-steps-of-large-miners-to-clean-image-2023-07-14″ content_text=”News source”][/vc_column_inner][/vc_row_inner][vc_empty_space][vc_column_text]The owner of the country’s second largest coal miner said last week that it will split off its dirty operations from renewables, becoming the latest among several companies to do so. That’s similar to moves by fossil-heavy corporations including Teck Resources and Anglo American, both of which have made efforts to restructure their businesses to get coal assets off their books, rather than shutting them down altogether.

    A key risk is that owners of dirty spun-off assets will continue to run them with less pressure from shareholders to go green. While coal plants were considered critical for ensuring Germany’s energy security during last year’s crisis, companies seeking more favorable financing options are trying to get such assets off their books.

    “The pressure from the financial sector — banks, investors, insurance companies — on operators of coal-fired power plants to divest from their ‘dirty’ business is increasing worldwide,” said Hanns Koenig, Managing Director Central Europe for Aurora Energy Research. “Emissions can of course also rise after such a transaction if the new owners continue to operate power plants.”

    While the idea of spinning off dirty businesses has been underway for a while among large multinationals — with Anglo American completing the demerger of its South African coal business in 2021 — it has only recently gained momentum among German coal operators.

    Czech energy company EPH – which is led by billionaire Daniel Kretinsky — announced last week that it will transfer its German lignite operations into a new sister company, EP Energy Transition. “As a result, EPH will be almost free from all of its current coal assets by 2025 and will completely abandon coal as a power generation source by 2030,” it stated. While the new firm should also invest €10-billion into renewables, the coal plants under the new company are expected to run until 2035-2038, according to the group’s sustainability report.

    Last year, the country’s largest coal operator RWE came under pressure from an activist investor to separate the German utility’s lignite unit from its clean-energy operations, but the proposal was voted down by other shareholders. In October RWE committed to end coal in 2030 — eight years earlier than previously planned — and has since floated plans to spin off its lignite operations into a state-run foundation.

    In contrast to the situation for larger global players, the push in Germany is also coming from small shareholders and municipalities rather than big investment or pension funds. STEAG — a hard-coal burning company largely owned by communal utilities — has worked on the separation of its green operations since last year, and announced the creation of its new renewables subsidiary Iqony this January, while coal assets will continue as STEAG Power GmbH.

    The advantage for the green business is that it gets “more visibility, bank financing and makes it much easier to place our services with customers,” according to Iqony Head of Communications Christoph Dollhausen.

    The possible consequences for emissions might be exemplified by a similar event in 2016, when Swedish energy company Vattenfall AB sold its lignite operations in eastern Germany. The utility said the transaction wiped out 57 million tons of annual CO2 emissions from its portfolio. But the emissions did not vanish: EPH bought up the assets, and restarted the already mothballed coal plants during last year’s energy crisis.

    EPH insists on burning coal until 2038 — whereas Vattenfall had announced plans to cut 55% of its emissions by 2030.

    “If Vattenfall were still the operator in Germany now, it would never have been able to justify such a long coal operation, and would probably have shut down the plants sooner,” said Sebastian Röttersenergy campaigner of Urgewald, a non-profit environmental organization.[/vc_column_text][vc_empty_space][epic_post_tag compatible_column_notice=”” font_size=”17px”][/vc_column][vc_column width=”1/6″][vc_text_separator title=”LATEST NEWS” color=”juicy_pink”][vc_empty_space height=”10px”][widget-LatestPosts post_number=”4″][vc_empty_space height=”10px”][vc_text_separator title=”MOST POPULAR” color=”juicy_pink”][vc_empty_space height=”10px”][widget-popular-posts post_count=”4″][vc_empty_space][vc_wp_search title=”Search”][vc_empty_space][lvs display_like=””][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][distance desktop_type=”50″][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][epic_block_28 compatible_column_notice=”” number_post=”6″ post_offset=”0″ first_title=”You may also like”][/epic_block_28][vc_empty_space][/vc_column][vc_column width=”1/2″][epic_hero_5 compatible_column_notice=”” hero_margin=”0″ content_filter_number_alert=”” post_offset=”0″][/vc_column][/vc_row][/vc_section]