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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Canadian company seeks new site to bury nuclear waste

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TRAVERSE CITY, Mich. (AP) — A power company is reconsidering its options after dropping plans to bury waste from its nuclear plants on the Canadian shore of Lake Huron, officials said Wednesday.

Ontario Power Generation abandoned its 15-year campaign to permanently store the waste in a deep underground chamber in Ontario after members of the Saugeen Ojibway Nation voted overwhelmingly last week to reject it. The company had pledged not to move forward without the tribe's support.

“We're going to continue to look for lasting solutions,” communications manager Fred Kuntz said. “Lessons learned is part of our culture.”

The company long contended that placing low- and intermediate-level waste such as discarded parts and ashes from incinerated floor sweepings inside rock chambers 2,230 feet (679 meters) below the earth's surface was the safest way to secure them.

The preferred site was at the Bruce Power generating station near Kincardine, Ontario.

Company officials said the material would be entombed far below Lake Huron's greatest depths in the vicinity. But because the preferred site was less than a mile from the lakeshore, it drew wide opposition from Canadian activists and many elected officials in the U.S.

“Nuclear waste remains radioactive for thousands of years, and burying it next to the Great Lakes would have threatened our economy and clean drinking water for over 40 million people,” said U.S. Rep. Dan Kildee, a Michigan Democrat.

The Saugeen Objibway Nation voted down the plan last Friday, 1,058 to 170. In a statement, Chief Lester Anoquot of the Chippewas of Saugeen First Nation said the community “didn't ask for this waste to be created and stored in our territory, but it is here. We have a responsibility to our Mother Earth to protect both her and our lands and waters.”

Kuntz told The Associated Press that the company would seek other communities willing to host the facility before developing specific plans for a new site.


Activists who fought the project said they would remain vigilant in case the company targets another site near the lake.

“Nowhere in the Great Lakes basin is appropriate for this kind of waste,” said Beverly Fernandez, spokeswoman for a group called Stop the Great Lakes Nuclear Dump.

Also of concern, she said, is a separate plan to dispose of high-radioactivity waste, possibly in the same general area.

The Nuclear Waste Management Organization, representing Ontario Power Generation and other nuclear electricity producers, is examining two potential sites for a deep underground facility containing spent fuel rods from reactors.

One is the community of Ignace in northwestern Ontario. The other is South Bruce in southern Ontario, about 18 miles (30 kilometers) from Lake Huron.

The organization announced last month it has signed agreements with landowners in South Bruce to conduct geological studies in the area.

“We have confidence that the geology in any of these areas could be suitable to host the project,” spokesman Bradley Hammond said.

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