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Toshiba’s Westinghouse Bankruptcy Underscores Financial Meltdown of the Global Nuclear Industry

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From Greenpeace:
Westinghouse bankruptcy underscores meltdown of the global nuclear industry – Greenpeace Press release – 29 March, 2017

Tokyo, 29 March 2017 – The board of Westinghouse’s parent company, Toshiba, today approved the filing of Chapter 11 bankruptcy for its drowning U.S. company – a defining moment in the decades-long downward spiral of the global nuclear power industry.

Toshiba/Westinghouse is responsible for building more nuclear reactors worldwide than any other entity. With the financial meltdown of Westinghouse, Toshiba also recently announced its plans to withdraw from foreign construction projects – a move that has far-reaching implications outside Japan and the US, such as the construction of three reactors in the UK at Moorside.



“If we look at how nuclear stacks up against renewables, it’s clearly in freefall. An estimated 147 gigawatts  of renewable power was added in 2015, compared to just 11 gigawatts for nuclear power in the…

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March 30, 2017 - Posted by | Uncategorized

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