nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

UK Liberal Democrat slams windfall funding to nuclear power operators

(UK) New £1bn nuclear windfall must be avoided, John Leech, MP, JULY 2, 2011 On Monday, MPs will be asked to vote through £1 billion in windfall profits to existing nuclear operators for doing absolutely nothing new. The Lib Dems fought the last general election on the promise of opposing new nuclear power and certainly reject public subsidies for nuclear power. Whatever your take on nuclear power though, surely it’s unjustifiable and politically untenable to hand out £1 billion to EDF and Centrica directly from consumer purses, when people are already feeling the squeeze.

The windfall will do nothing to ensure new electricity generation, nothing to help us meet our renewable energy targets and nothing to build popular support for the competitive low carbon economy that we all need.

As a party, we saw this coming and voted at Conference last year to “ensure that any changes to the carbon price do not result in windfall benefits to the operators of existing nuclear power stations”……

There is huge potential for the UK to become a world leader in the rapidly growing £3.2 trillion global market for low carbon good and services, and to benefit from the resulting jobs and economic growth. Rather than fritter money away on our nuclear past, we should use it to invest in the future.

July 3, 2011 - Posted by | general

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »