Hinkley Point C to get £14bn from UK and Japanese taxpayers – despite ever-cheaper renewables

Guardian 21st Jan 2018, Finance aside, renewables will be nuclear’s real foe in the future. The
new chief executive of EDF Energy admitted last week that it had been a
“monstrous job” drumming up the backing for the UK’s first new
nuclear power station in decades.

The next nuclear plants will need to be built for a much cheaper, subsidised price

of power than the generous one awarded to EDF’s Hinkley Point C, Whitehall has warned.

So those who undertake construction will need every possible weapon at their disposal to
defeat their biggest enemy: financing.

Public finance is the magic sword that some think could slay the Godzilla-sized challenge facing Japanese
firm Hitachi, which wants to build a plant on the island of Anglesey.

Japanese press reports recently put the capital cost of the project at
£19.5bn, with more than £14bn to come from loans from the UK and Japanese
governments. The rationale for Tokyo is clear. The big question is why the
UK would want to shoulder the risk of such a huge scheme.

The idea of taxpayers taking on any of the construction risk of building new nuclear
plants has been political anathema for years. It has become a government
mantra that the subsidy cost promised to EDF is justified because the
public is not bearing the risks of building Hinkley.

By 2030, when Sizewell C might be under construction, there could be five times as much offshore
wind capacity as there is today, according to a report this week.
Renewables, battery storage and other technologies could prove to be the
real monster facing nuclear.
https://www.theguardian.com/business/2018/jan/21/carillion-must-hope-real-answers-dont-usually-get-them

1.This Month

of the week

Radiation and harm to human health — https://beyondnuclearinternational.files.wordpress.com/2018/07/radiation-and-harm-to-human-health_27-july.pdf

Sowells Law Blog http://sowellslawblog.blogspot.com/2018/

Another glossy new nuclear film advertisement – “The New Fire”

Film review: ‘The New Fire’ and the old Gen IV rhetoric Author: Jim Green ‒ Nuclear Monitor editor NM866.4751, October 2018 The New Fire is a pro-nuclear propaganda film directed and produced by musician and film-maker David Schumacher.It’s similar in some respects to the 2013 film Pandora’s Promise.1,2 The New Fire premiere was held in October 2017 and it can be streamed online from 18 October 2018…..

The film includes interviews with around 30 people (an overwhelming majority of them male) interspersed with footage of interviewees walking into buildings, and interviewees smiling. The musical underlay is a tedious drone ‒ a disappointment given Schumacher’s musical background……..Interviewees are mostly aging but the film’s main message is that young entrepreneurs may save the planet and its inhabitants with their Generation IV reactor projects……..

These climate heroes are contrasted with anti-nuclear environmentalists. One interviewee says that “people of our generation are the first ones that have the opportunity to look at nuclear power without all the emotional baggage that previous generations have felt…..

Another interviewee attributes opposition to nuclear power to an “irrational fear of the unknown” (which surely poses a problem for the exotic Generation IV concepts promoted in the film) and another says that “once people sort of understand what’s going on withnuclear, they are much more open to it”.

The film trots out the usual anti-renewables tropes and falsehoods: 100% renewables is “just a fantasy”, renewables can contribute up to 20% of power supply and the remainder must be baseload: fossil fuels or nuclear power………

Accidents such as those at Fukushima and Chernobyl get in the news because they are “so unusual” according to interviewee Ken Caldeira. And they get in the news, he might have added, because of the estimated death tolls (in the thousands for Fukushima5, ranging to tens of thousands for Chernobyl6), the costs (around US$700 billion for Chernobyl7, and US$192 billion (and counting) for Fukushima8), the evacuation of 160,000 people after the Fukushima disaster and the permanent relocation of over 350,000 people after the Chernobyl disaster…….

Transatomic Power’s molten salt reactor concept The film spends most of its time promoting Generation IV reactor projects including Transatomic Power’s molten salt reactor (MSR) concept. [Ed note. recently failed and abandoned] .

Scott Nolan from venture capital firm Founders Fund says that Transatomic satisfies his four concerns about nuclear power: safety, waste, cost, proliferation. And he’s right ‒ Transatomic’s MSRs are faultless on all four counts, because they don’t exist. It’s doubtful whether they would satisfy any of the four criteria if they did actually exist……. https://nuclear-news.net/2018/10/01/another-nuclear-film-advertisement-the-new-fire/

EVENTS

November-December 2018 International Uranium Film Festival – U.S. Southwest tour

November 29th and 30th and December 1st, Navajo Nation Museum, Hwy 264 & Post Office Loop, Window Rock, Navajo Nation, AZ

December 2nd, Flagstaff, AZ

December 6th, Guild Cinema, 3405 Central Ave, Albuquerque, NM

December 7th, Grants, NM

December 9th, Jean Cocteau Cinema, 418 Montezuma Ave, Santa Fe, NM

PETITIONS

Tell Congress: Stop Trump from ordering a nuclear first strike without a Congressional declaration of war.

PREVENT UNNECESSARY RADIOACTIVE RISKS ACROSS THE USA NATION

Protect Idaho’s water. Stop nuclear waste.

nuclear-news

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