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The News That Matters about the Nuclear Industry

Nuclear turn-off tumbles giants

Lisa Steyn 07 Apr 2017 Once a pioneering nuclear energy giant, the Westinghouse Electric Company now finds itself filing for bankruptcy. This follows uncomfortably close on the heels of another nuclear industry leader, Areva, which was bailed out by the French government in January.

The financial troubles these nuclear powerhouses face is leaving the industry more than a little shaken and raises the question: Is the nuclear industry in meltdown?

“Nuclear industry is not in fine shape at the moment, certainly not in the Western world,” said Chris Yelland, an energy expert and the managing director of EE Publishers…. (subscribers onlyhttps://mg.co.za/article/2017-04-07-00-nuclear-turn-off-tumbles-giants

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April 8, 2017 - Posted by | general

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