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The News That Matters about the Nuclear Industry

BILLIONS from the Public Purse to Poison Us All With New Cancer Factories

The UK is banking on the 3.2GW nuclear power plant to provide as much as 7pc of the country’s energy by the middle of next decade. However, the Hinkley Point, Moorside and Sizewell B projects have all been dogged by delays and concerns over whether the multi-billion pound investments can be shouldered by the companies.

From the Telegraph ….

http://www.telegraph.co.uk/business/2017/02/25/yeo-treasury-needs-pour-billions-nuclear-projects/

Yeo: Treasury needs to pour billions into nuclear projects
hinkley
The Treasury is facing calls to pour billions of pounds into a string of troubled new nuclear projects which threaten the UK’s energy supplies.

Tim Yeo, a former environment minister and energy committee chairman, is warning that the only way the Government can avert a crisis for the country’s nuclear programme is to take a direct financial stake in the projects.

Ministers should also actively encourage investment from nuclear companies in China, South Korea and Russia where the the industry is relatively insulated from the challenges faced by European companies thanks to strong state backing, he said.

Tim Yeo
Tim Yeo Credit: Geoff Pugh
Ministers are wary of involving the foreign powers in its energy security plans and have steadfastly resisted taking on the financial risk involved in nuclear construction.

In a letter to Business…

View original post 215 more words

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February 26, 2017 - Posted by | Uncategorized

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