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US, Philippines sign landmark nuclear deal (www.reuters.com)

submitted 1 year ago by goat to c/[email protected]

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[–] [email protected] 2 points 1 year ago

This is the best summary I could come up with:

MANILA, Nov 17 (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence.

"The United States will be able to share equipment and material with the Philippines as they work to develop small modular reactors and other civilian nuclear energy infrastructure," U.S. Secretary of State Antony Blinken said in a signing ceremony on the sidelines of the APEC Summit in San Francisco.

U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements.

As of end-2022, the United States had 23 agreements covering 47 countries, the International Atomic Energy Agency, and democratically governed Taiwan.

The Southeast Asian nation is vulnerable to volatile global oil prices, seasonal power outages, and high electricity rates.

Previous attempts to pursue nuclear energy in the Philippines were halted over safety concerns, but Marcos has discussed the possibility of reviving a mothballed nuclear power plant, built in response to an energy crisis during the rule of the late Philippines strongman and his namesake father.

The original article contains 321 words, the summary contains 202 words. Saved 37%. I'm a bot and I'm open source!