The Uranium Fix Is In

by: Elaine in Roanoke

Wed Jun 29, 2011 at 09:47:19 AM EDT

The families that own the land containing uranium in Pittsylvania County set up a limited-liability company called Virginia Uranium, which then merged in 2009 with Santoy Resources Ltd. to form Virginia Energy Resources Inc, headquartered in British Columbia, Canada. The stock of the resulting company is still a penny stock, currently trading for about 18 cents a share; however, if investors get an OK to mine uranium in Virginia, that will change completely. The question for the principals is how to get rid of that pesky ban on uranium mining.  Nothing being done on that front has to do with actually finding out if mining can proceed safely, given our climate and topography.

The National Academy of Sciences study of uranium mining in Virginia was rigged from the start to avoid allowing it to make actionable recommendations. It's paid for by Virginia Energy Resources, with funding funneled through Virginia Tech because the NAS frowns upon taking money from for-profit entities. So, the money is laundered through a non-profit university. The function of the study explicitly is not to attempt to answer whether mining can be safely undertaken in Virginia or not. It is just a literature review and study of mining in other parts of the world. The parameters of the study state that "the study will not make recommendations about whether or not uranium mining should be permitted nor will the study include site-specific assessments."

So, what good is that study? It sure must be excellent for public relations (CYA for legislators) since Virginia Uranium spent over $100,000 unsuccessfully in 2008 to have the study approved. Then, it turned to the Virginia Coal and Energy Commission, whose members are appointed by the legislative leaders and the governor. That worked just fine. The commission dutifully appointed a subcommittee and the uranium company put up the money to pay for the "study."

Next, let's look at how Virginia Energy Resources is doubling down to guarantee itself a positive vote in the next General Assembly.

When Walter Coles first set up his company for uranium mining, he stated that its roots were in Virginia, implying that the investors were just local good ole boys. The merger with Canadian Santoy ended that myth, but help is on the way. According to Jeff Schapiro at the Times-Dispatch, more than twenty high-income Virginians, "who would be known to the General Assembly" (i.e., big contributors to campaigns), are investing in Virginia Energy Resources to give it a more local face.

All of these moves adds up to just one thing. Regardless of your personal position on nuclear power and uranium mining, regardless of the science on uranium mining in Virginia, the decision will be made the same way most political decisions are. The people with the influence and the money almost invariably get what they want. And, the Supreme Court helped that system along this week with their decision rejecting the portion of Arizona's public financing law that tried to level the money playing field for rich vs non-rich political opponents.

This situation is nothing new. Sadly, far too many Americans must believe that large campaign contributions, free trips disguised as "fact-finding missions," etc., don't affect the way our representatives vote. Either that, or we just don't see any way out of this "Gilded Age II" style of  government.