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The News That Matters about the Nuclear Industry

Nuclear lobby super-optimism – Michael Shellenberger sees Westinghouse bankruptcy as a plus for the industry!

Britain has a chance to rethink its nuclear energy policy, Ft.com 30 Mar 17  The Westinghouse bankruptcy offers an opportunity to consolidate the industry Michael Shellenberger The bankruptcy of Toshiba-owned nuclear energy group Westinghouse on Wednesday throws up in the air ambitious British plans to use nuclear power to replace coal and, eventually, natural gas.

Britain’s plan was to build 12 reactors to replace its current nuclear estate — and to raise the share of electricity it receives from atomic fission from roughly 20 per cent to 30 per cent by 2030. But now, all bets are off. Westinghouse’s filing for Chapter 11 bankruptcy protection means that its efforts to build new reactors in the UK look increasingly precarious. That might be a good thing. …..
nuclear power is not like other market products. The manufacture of food or clothes, for example, does not require guaranteeing anywhere between £5bn and £10bn for the cost of building a farm or factory……
It should scrap future nuclear deals and empower an independent commission to choose a single, experienced contractor and power utility to build the 10 or more reactors required — to a single, standard design…….

The writer is president of Environmental Progress rights.  https://www.ft.com/content/ac22b6c2-152d-11e7-b0c1-37e417ee6c76

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March 31, 2017 - Posted by | spinbuster, UK

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