Urenco Shareholders Agreement

Read more: carnegieendowment.org/2013/10/21/would-urenco-s-sale-pose-proliferation-risk/gqto new private sector shareholders outside the Almelo countries could put pressure on the joint committee to weaken oversight of certain transactions. However, with regard to information protection, at least since the mid-1990s, all parties in Almelo have shared a common data protection system, supported by national intelligence and law enforcement agencies. Under this scheme, private sector shareholders in Germany have not questioned the authority of Almelo governments to protect ETC information, and this should not change for new shareholders. In the United States, a small number of people have received secret information about the design of centrifuges etc from the Nuclear Regulatory Commission and Urenco`s Urenco subsidiary. The exchange of this information is covered by formal agreements establishing common principles and procedures regarding the classification of security information and the transmission of classified information for licensing and surveillance purposes. In all cases, the safety practices of Urenco institutions are subject to the supervision of the joint committee and the four-year committee. Given that the Cardiff contract gives the four-party commission, in which shareholders do not participate, responsibility for the protection of etc. uranium enrichment technology, it is unlikely that new shareholders outside the Almelo region will influence access to information decision-making. Moreover, the historical record since 1971 indicates that it would be extremely difficult to amend the Cardiff and Almelo treaties to weaken the mandate or authority of the Joint Committee and the Quadrennial Committee – in particular to favour the interests of an external shareholder. If Urenco`s ownership were to change ownership, it is highly unlikely that new shareholders would have access to information related to enrichment technology.

With regard to the construction of a new enrichment plant in other countries, all Urenco governments should accept this approach. Current mechanisms to ensure that the ETC technology used by Urenco to enrich uranium in electricity generation is not diverted are relatively robust. Responsibility for this oversight is in the Treaty of Cardiff. The contracting parties – France, Germany, the Netherlands and the United Kingdom, which are represented on a four-party committee – must ensure that current or future etc. shareholders do not receive classified information that goes beyond the information necessary for the safe operation of enrichment facilities. The contract defines classified information as «documents, drawings, electronic media, information or material containing classified information, and that information contained in centrifuge installations and components, but which are disclosed.» As requested by the European Commission on grounds of cartels and abuse of dominance, etc. management shareholders cannot provide commercial data.



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