British taxpayers might end up with the entire cost f Hitachi’s nuclear power station on Anglesey

Times 6th May 2018 , The entire £15bn-plus cost of Hitachi’s nuclear power station on Anglesey
could land on the government’s balance sheet, even though taxpayers are expected to hold only a minority stake. The Japanese industrial giant has warned it will walk away from the 2.7 gigawatt plant at Wylfa unless it
secures UK state support.

Hiroaki Nakanishi, the chairman of Hitachi, met Theresa May and the chancellor, Philip Hammond, last week to urge progress on the project after more than two years of talks.

The final deal may see taxpayers take an equity stake in the Horizon plant, possibly as much as
33%, alongside Hitachi and the Japanese government. Direct state exposure to the construction of a nuclear plant has faced stiff resistance from the Treasury because of fears about cost overruns and the impact on government
debt.

Industry insiders said a minority taxpayer stake could result in the entire liability landing on the state’s books, despite the Japanese partners, because official statisticians now take a more conservative approach to accounting for risk where the government is concerned. In 2014, Network Rail’s debt burden of £34bn was reclassified as national debt
after an EU decree. Any state stake in Horizon would be sold on once construction was completed.
https://www.thetimes.co.uk/edition/business/taxpayers-on-the-hook-for-15bn-hitachi-nuclear-plant-qnbx0s9xm

1.This Month

of the week

Global Network Against Weapons and Nuclear Power in Space. http://space4peace.org/

https://www.ecoshock.org/

Paul Beckwith, Climate System Scientist

October 6 – 13 – INTERNATIONAL WEEK OF PROTEST TO STOP THE MILITARIZATION OF SPACE.”

The climate change threat to nuclear power

By Natalie Kopytko “…………The final problem is droughts, which climate models predict will become longer and larger. Legal battles have already been fought in the US over scarce water resources in regions with nuclear power plants, including the Catawba river basin in the Carolinas and the Apalachicola/Chattahoochee/Flint river basin in Georgia, Florida and Alabama. These battles show us that adapting our systems – including nuclear power – to a reduced supply of water will not be easy.

The International Atomic Energy Agency advises the nuclear industry to build power plants to last for 100 years. Given that climate models don’t agree on what to expect within this time period, it is not at all clear how this can be achieved.

New reactors could use dry or hybrid systems with lower water requirements, but the costs of running these systems are likely to be prohibitive. Considering nuclear power plants already have problems with construction cost overruns, any additional costs are likely to meet resistance.

What is to be done? Most forms of energy generation are vulnerable in some way to the effects of climate change, and the fact that nuclear power is among them is yet another argument against a wholesale shift towards this source of energy.

The bottom line is that if nuclear power is to be used to mitigate the effects of climate change, it must also be capable of adapting to them. There are serious doubts that it can. more https://www.newscientist.com/article/mg21028138-200-the-climate-change-threat-to-nuclear-power/

Uninhabitable Regions with Extreme Heat and Humidity

Human Core Body Temperature Limits Adaptability to Heat Stress

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