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Director Oliver Stone attends the “Nuclear” red carpet at the 79th Venice International Film Festival on September 09, 2022 in Venice, Italy.

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Oliver Stone’s new movie, “Nuclear Now,” makes an impassioned case that nuclear energy is a necessary and obvious solution to climate change.

Generating electricity with nuclear reactors does not produce any greenhouse gas emissions, and is therefore worth a serious look, Stone’s movie says, because anthropogenic climate change, caused by excessive greenhouse gas emissions largely emitted from the burning of fossil fuels, is getting worse.

People ought to be more afraid of climate change than nuclear energy, the movie argues. The movie had a special screening at the World Economic Forum in Davos earlier in January, opened in New York and Los Angeles this weekend, and is opening in theaters nationally starting Monday.

Stone’s interest in climate change began when he saw Al Gore’s film, “An Inconvenient Truth,” and was disturbed. He started reading about climate change, including a review of the book “A Bright Future: How Some Countries Have Solved Climate Change and the Rest Can Follow” by Joshua S. Goldstein and Staffan A. Qvist. He was struck by both the review and the book.

“This is a simple, practical, understandable argument for how to solve climate change from nuclear energy,” Stone told CNBC on Friday.

“I didn’t realize it was going to be so tough to pull something like this off,” Stone said, because there is no single main character for the documentary. “The story is the logic of it. Follow the history into the present: What went wrong? What could go right?”

In the movie, Stone presents a case that the beneficial potential of nuclear energy has not been reached because society conflated its collective fear of nuclear bombs with nuclear energy. In the film, which Stone narrates, he says he was anti-nuclear because he generally absorbed the environmentalist anti-nuclear agenda that has been spread for generations.

Changing public perception when fear is involved is a slow process, Stone told CNBC.

“State the facts. You have to give the information that you have,” Stone told CNBC. Not everyone is going to believe what you say, “but some people will believe it. You have to trust in the truth ultimately will obliterate the lie. You have to believe that,” Stone said.

Goldstein, who worked with Stone to write the film, says the feeling of being in a movie theater can have a more powerful effect on people’s perceptions than leaving them alone to parse facts that may feel overwhelming or out of context.

“A film is more than information. It’s an experience, and it’s a collective experience. That’s why I’m really happy we’re getting some release in theaters, because you sit in the theater with everybody else, you have this collective experience,” Goldstein told CNBC on Friday.

Oliver Stone (L) is speaking at a question and answer session after the screening of his new documentary, “Nuclear Now,” in New York City on April 29.

Photo courtesy Cat Clifford, CNBC.com

“Everybody thinks everybody else thinks it’s bad,” Goldstein says of people’s perception of nuclear energy. But watching a movie in a collective situation gives people an opportunity to talk to other people about nuclear energy and conversation is critical, Goldstein said.

“The majority of people actually support nuclear energy, but the people who don’t support it are very loud and very scared and it draws a lot of attention,” Goldstein told CNBC.

Americans’ perspective of nuclear energy fluctuates and has been generally increasing in the last decade, according to a recent poll from Gallup showing 55% percent of Americans either strongly or somewhat favor using nuclear energy as a way to provide electricity. That’s the highest percentage since 2012, according to Gallup.

Stone says a goal of his documentary is communicating the scale of energy demand now and how much more electricity will be demanded in the future as climate change mitigation strategies electrify many processes, and as energy demand grows from countries like India and China.

“One of the things this film I hope achieves is to give you a sense of scale. We have to go wide — you have to go to big mass crowd shots — China, India — to give you a sense of what’s coming,” Stone told CNBC. “You can’t just stay in the green backyard in the United States, and do green things, like ovens and cars.”

Stone was working on “Nuclear Now” for about three years, though he was not working exclusively on the movie in that time. Stone’s memoir, “Chasing the Light,” and his controversial second look at the assassination of John F. Kennedy, “JFK Revisited: Through the Looking Glass,” also came out in the meantime.

Critics cite cost and time as drawbacks

Stone knew the film will be criticized because he’s making a bold statement, and indeed it has been.

“Oliver Stone’s ‘Nuclear Now’ was another disappointing myth creation falsely casting blame for nuclear power’s impotence on radiophobia and baselessly ignoring truths about climate saving alternatives,” Gregory Jaczko, former chair of the U. S. Nuclear Regulatory Commission and author of Confessions of a Rogue Nuclear Regulator, told CNBC.

Jaczko says fear of accidents is not the primary reason nuclear energy is not more widespread today. Instead, nuclear energy is expensive and has been managed poorly.

“As with most nuclear fables these days, the film establishes the strawman argument that nuclear is an underutilized technology because people are afraid of nuclear power and confuse it with nuclear bombs: ‘Once we get over our radiation fear, nuclear will thrive and solve climate change.’ This isn’t the main or even a significant problem with nuclear power,” Jaczko told CNBC.

“The primary problems are cost competitiveness, operational ineffectiveness, engineering weakness, managerial incompetence, and design mistakes. These are well documented deficiencies. For example, after the Fukushima accident, as NRC Chairman I was under no pressure to shut down nuclear reactors due to radiophobia,” Jaczko told CNBC.

Another problem is the length of time it takes to build nuclear reactors.

Stone “cites in several places IPCC’s reference of a 2050 goal for decarbonization, which implies there is time for nuclear to contribute, notably sidestepping the inability of nuclear to deploy quickly,” Jaczko told CNBC. “But this ignores that most experts believes these IPCC estimates require decarbonization in the electricity sector, the easiest area to decarbonize, to happen by 2035, an unrealistic timeline for significant nuclear power contribution. The remaining 15 years would be for decarbonizing other sectors, which nuclear may or may not contribute to,” Jaczko told CNBC.

Gordon Edwards, president of the Canadian Coalition for Nuclear Responsibility, echoed similar concerns. Renewable energy, like wind and solar, are cheaper and faster to build than nuclear, Edwards told CNBC. (Edwards has not seen the full documentary yet, but is responding based on what he has seen and heard about the documentary.)

“If you believe the climate crisis is a real emergency demanding immediate action to reduce carbon emissions quickly, then the fastest, cheapest, and most proven technologies should be employed first,” Edwards told CNBC. That means that energy efficiency measures and renewable energy should be the top priorities, Edwards says.

But Stone also felt compelled to make the documentary because he sees nuclear energy as an underappreciated and misunderstood climate solution.

“The film is a warning, a dramatic warning, of a major distortion in history, and a need to return to the using nuclear in any possible way,” Stone said.

WEF Davos: Can nuclear energy play a role in combatting the climate crisis?

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BYD’s new global electric van looks massive driving on public streets

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BYD's new global electric van looks massive driving on public streets

BYD is preparing to launch its new E-Vali electric van in Europe and other global markets. With its official launch just around the corner, the EV delivery van has been spotted out in the wild. Compared to other cars on the road, the new BYD’s electric van looks enormous.

Meet BYD’s new E-Vali, a global electric van

We got our first look at the E-Vali during its global debut at IAA Transportation in Hannover, Germany, last September.

BYD’s new electric van was showcased alongside several other electric vans and trucks designed specifically for the European market.

The E-Vali is a fully electric light commercial vehicle (LCV) built for last-mile and delivery services. It will be offered in two sizes: 3.5t and 4.25t. Powered by a BYD Blade LFP battery with a 126 kWh capacity, the E-Vali offers a range of 220 km (137 miles) to 250 km (155 miles), depending on the model.

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By using its 6-in-1 EV powertrain, the unit maximizes space and efficiency. The larger (4.25t) model has an extra-large cargo capacity of up to 17.9 m³, which BYD claims “surpasses many other vans” in the same category.

BYD's-global-electric-van
BYD E-Vali electric delivery van for Europe and other global markets (Source: BYD)

With an official launch expected over the next few months, the larger E-Vali model is out for testing. A few new photos from Inside China Auto give us a sneak peek of BYD’s global electric van.

Despite the camouflage, the images provide a clear view of the new van from the side and rear. You can see how big the E-Vali is compared to other cars on the road, especially in the second pic, as it appears to overshadow the truck in front of it.

Like the caption reads: “The BYD E-Vali is absolutely bloody enormous.” The larger E-Vali model is 6,995 mm (275″) long, 2,096 mm (82.5″) wide, and 2,780 mm (109″) tall.

Compared to the Kia’s new PV5 Cargo, which measures 4,695 mm in length, 1,995 mm in width, and 1,923 mm in height, BYD’s global electric van is significantly larger. The PV5 also offers much less cargo capacity, at up to 4.4 m³.

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EV competitors ZEEKR and NIO sign agreement to share each other’s charging networks

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EV competitors ZEEKR and NIO sign agreement to share each other's charging networks

Chinese EV automakers ZEEKR and NIO have announced a rare and exciting cooperation to enable driver access to each other’s charging networks in China. This collaboration combines some of the world’s fastest EV charging with one of the largest networks in the country.

Two of the biggest names in EV development and infrastructure have combined forces to deliver even more accessible charging to drivers in China. NIO Power operates as the automaker’s infrastructure division, consisting of its network of public battery swap stations and EV superchargers, plus additional technologies like power mobile and power home.

Per the latest map posted by NIO on Weibo (seen below), its network consists of 2,829 supercharging stations in China, which are home to 13,027 charging piles. There are also an additional 1,741 destination charging stations offering 13,281 chargers and 3,337 battery swap stations.

With such a foothold in China, it’s no wonder dozens of other companies have signed on to gain access to NIO’s charging network before today’s announcement with ZEEKR. Previously, NIO has collaborated with companies like CATL, Xiaomi, and Chery, to name a few.

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ZEEKR Power is now the 18th partner to join NIO’s charging network, but is one of the few brands to bring its own network of ultra-fast superchargers into the network instead of simply enabling access.

ZEEKR NIO charging
Source: NIO/Weibo

ZEEKR and NIO combine charging access in China

NIO and ZEEKR shared announcements of the charging partnership on their respective Weibo pages today. NIO called the collaboration a “charging interconnection cooperation,” while ZEEKR described it as a “cooperation on two-way interconnection of charging networks.”

Either way, ZEEKR drivers will have more streamlined access to NIO’s EV chargers (NIO’s network has always been open to all models), and drivers of NIO and its sub-brands (Onvo and Firefly) will now be able to access ZEEKR’s supercharger stations, which currently sit at 1,580 locations around China.

Those chargers will now appear in the NIO app and on their BEV’s charger map display.

CnEVPost pointed out that ZEEKR’s parent company, Geely Automobile Holdings, was the first OEM to sign a charging agreement with NIO Power back in March 2024. In the past year-plus, 16 additional companies have joined the fold, with Geely’s sub-brand ZEEKR being number 18.

China is once again leading the world in EV technology and strategy. It is combining access to as many EV chargers across the country as possible to provide drivers of NIO, ZEEKR, Xiaomi, and all other makes and models with a larger, faster, and more streamlined network to utilize. We love to see it.

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OPEC+ members could hike July oil production by 411,000 barrels per day: Sources

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OPEC+ members could hike July oil production by 411,000 barrels per day: Sources

Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week.

Anadolu | Anadolu | Getty Images

Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary production cuts.

Markets are awaiting a final decision on July production, with the eight countries — heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — set to review market conditions and iron out their output steps on May 31.

These nations have been carrying out two sets of voluntary production cuts.

One, totaling 1.66 million barrels per day, is in effect until the end of next year. Under the other, the countries trimmed their production by an additional 2.2 million barrels per day until the end of the first quarter. They have since agreed to gradually increase output by a combined 1 million barrels per day over April-June, including 411,000 barrel-per-day hikes in each of this and next month.

The OPEC+ delegates, who commented anonymously given the sensitivity of discussions, told CNBC that a further increase of as much as 411,000 barrels per day in July could be agreed this weekend.

Market attention has increasingly shifted away from the official unanimous quotas of OPEC+ — which the group left unchanged on Thursday — to the unwinding of the eight members’ voluntary trims. Crude demand typically picks up during the summer, given higher consumption of jet fuel and gasoline for seasonal travel, along with increases in crude burn to produce electricity for air conditioning in several Middle Eastern countries.

This could lend support to oil prices which have struggled amid broader market uncertainty triggered by U.S. tariffs.

Ice Brent futures with July expiry were trading at $65.31 per barrel at 12:44 p.m. London time, up 0.63% from the Thursday close price. The front-month Nymex WTI contract was at $62.22 per barrel, higher by 0.61% from the previous day’s settlement.

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