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The Nuclear Begging Bowl

The Nuclear Begging Bowl JO ABBESS June 7th, 2009 “……………..In the United States they call this process a “bailout”, making it sound like a worthy rescue of a valued affiliate. In the United Kingdom, it’s called “public support”. It all amounts to the same thing : tax revenue from the public thrown at the private corporations……………

………………….it is unlikely that EdF will be able to persuade investors to put their money behind New Nuclear without some kind of pledge from the UK Government on a price guarantee for the electricity that will eventually (with luck) be generated.

And yet, at present, it is highly unlikely that such a pledge could be extracted, what with the whole Government in turmoil, and with international negotiations on Climate Change set to be turbulent and impactful on Energy provision (in December 2009 in Copenhagen).

The Nuclear Begging Bowl @ Jo Abbess

June 8, 2009 - Posted by Christina Macpherson | business and costs, UK | antinuclear, nuclear, nuclear costs, radioactive