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Stock impact report

Finland will soon bury nuclear waste in a geological tomb that's built to last for 100,000 years [CNBC]

FORTUM OYJ CP UNSP/ADR (FOJCY) 
NASDAQ:AMEX Investor Relations: www3.fortum.com/about-us/investors/focus
Company Research Source: CNBC
The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and “a model for the entire world.” “Having a solution for the final disposal of spent fuel was like the missing part of the sustainable lifecycle for nuclear energy,” Pasi Tuohimaa, head of communications for Posiva, told CNBC via videoconference. Finland is on the cusp of burying spent nuclear fuel in the world's first geological tomb, where it will be stored for 100,000 years. The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and “a model for the entire world.” At some point either next year or in early 2026, highly radioactive spent nuclear fuel will be packed in watertight cannisters and deposited into bedrock more than 400 meters below the forests of southwest Finland. The durable copper canisters will be isolated, separated from humans and kept underground for thousands of years. “Onk Show less Read more
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