• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
EnvironmentNuclear Energy

New Mexico says no to storing spent nuclear fuel as Biden touts nuclear energy: ‘The trouble is this is a forever decision’ 

By
Susan Montoya Bryan
Susan Montoya Bryan
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Susan Montoya Bryan
Susan Montoya Bryan
and
The Associated Press
The Associated Press
Down Arrow Button Icon
March 18, 2023, 11:53 AM ET
New Mexico is not keen on becoming the nation's nuclear dumping ground.
New Mexico is not keen on becoming the nation's nuclear dumping ground.AP Photo/Susan Montoya Bryan, File
Add Fortune on Google for similar content.

New Mexico’s governor on Friday signed legislation aimed at keeping spent nuclear fuel produced by commercial U.S. nuclear power plants from being shipped to the state, just hours after the measure cleared its final legislative hurdle.

Democratic Gov. Michelle Lujan Grisham wasted no time adding her signature after the New Mexico House voted 35-28 in favor of the bill following a lengthy debate. Five Democrats joined Republicans in opposition, arguing that the measure would challenge longstanding federal authority over nuclear safety matters and lead to new court challenges.

The bill from Democratic state Sen. Jeff Steinborn, of Las Cruces, will impact a proposed multibillion-dollar facility in southeastern New Mexico that would have the capacity to temporarily store up to 8,680 metric tons of used uranium fuel. Future expansion could make room for as many as 10,000 canisters of spent fuel over six decades.

The Nuclear Regulatory Commission may announce a decision soon on whether to grant a license for the project spearheaded by Holtec International, which has spent an estimated $80 million over the past eight years on the approval process.

Lujan Grisham and members of New Mexico’s congressional delegation have voiced strong opposition to building the facility along the state’s border with Texas. Both states sued the federal government over the issue, and top elected officials in Texas were unsuccessful in their efforts to stop a similar facility in neighboring Andrews County from being licensed.

If a license is granted for the complex in New Mexico, it would still need permits from the state Environment Department. That’s where critics say the state could lean on the legislation and halt the project.

Rep. Gail Chasey, an Albuquerque Democrat, argued that there has been no incentive for states with nuclear power plants to find permanent solutions for dealing with spent fuel. As long as New Mexico is seen as an option, those states won’t be concerned with the long-term effects, she said.

“The trouble is this is a forever decision. We don’t get to decide, oh, let’s not do this anymore and take it away,” Chasey said. “So think about the fact that if it were such a profitable and good thing, then the states that produced it would have it near their facilities.”

According to the U.S. Department of Energy, nuclear reactors across the country produce more than 2,000 metric tons of radioactive waste a year, with most of it remaining on-site because there’s nowhere else to put it.

Since the federal government has failed to build a permanent repository, it reimburses utilities to house the fuel. That cost is expected to stretch into the tens of billions of dollars over the next decade, according to a review by independent government auditors.

The fuel is sitting at temporary storage sites in nearly three dozen states, either enclosed in steel-lined concrete pools of water or in steel and concrete containers known as casks.

U.S. Energy Secretary Jennifer Granholm has talked about revisiting recommendations made a decade ago by a blue-ribbon commission on America’s nuclear future. In November, her agency issued a request seeking input on a consent-based siting process to identify locations to store commercial spent nuclear fuel.

Despite opposition from environmentalists, the Biden administration has pointed to nuclear power as essential to achieving its goals to create a carbon-freeelectricitysector by2035.

Some lawmakers from southeastern New Mexico said local elected officials and residents would welcome the Holtec project and that visits to some of the current storage sites near power plants have shown the casks are safe.

They also touted the safety of transporting the material by rail to New Mexico, saying armed guards would be aboard the trains and that testing has shown the casks would not release radiation in the event of a derailment.

Republican Rep. Cathrynn Brown, whose district includes the proposed Holtec site, said the region already is home to the federal government’s only underground repository for Cold War-era waste generated during nuclear research and bomb-making. It also hosts a uranium enrichment plant.

The legislation sends a message to companies to “invest all you want and then we’re going to pull the rug out from under you,” Brown said. “And I don’t think that’s fair.”

Still, other lawmakers have voiced concerns about the project since it would be located within the Permian Basin, one of the most productive oil fields in the world. New Mexico gets a significant portion of its revenue from drilling.

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.
About the Authors
By Susan Montoya Bryan
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

g
EuropeGermany
It’s so hot in Germany the Autobahn literally burst open at the seams and had to be closed down
By Kirsten Grieshaber, Sylvia Hui, John Leicester and The Associated PressJune 27, 2026
11 hours ago
templet
Commentary250 Years of Innovation
This rural Maine factory made 100 million COVID swabs a month. Its CEO says manufacturing’s best days are ahead
By Timothy Templet and Virginia TempletJune 27, 2026
14 hours ago
p
EnvironmentParis
The most coveted accessory at Paris Fashion Week was an ice pack
By Thomas Adamson and The Associated PressJune 26, 2026
1 day ago
fire
Europeclimate change
Greece tackles climate change wildfire risk with satellite network that can spot a blaze the size of a parking space
By Derek Gatopoulos and The Associated PressJune 26, 2026
1 day ago
Yes, Europe’s heat waves are deadlier than American gun violence
EnvironmentEurope
Yes, Europe’s heat waves are deadlier than American gun violence
By Catherina GioinoJune 26, 2026
1 day ago
fr
Environmentclimate change
Europe is warming twice as fast as the rest of the planet — and it would be impossible without climate change, study says
By Alexa St. John and The Associated PressJune 26, 2026
1 day ago

Most Popular

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
15 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
3 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
4 days ago
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
AI
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
By Sebastian HerreraJune 27, 2026
16 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
4 days ago
Current price of silver as of Friday, June 26, 2026
Personal Finance
Current price of silver as of Friday, June 26, 2026
By Joseph HostetlerJune 26, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.