City giant Legal and General will not be funding Sizewell nuclear project

EDF is in negotiations with the government about taxpayer support for the planned plant in Suffolk bues of a reactor’s life.
It will also need institutional investors, which it argues can make stable returns over the decad
L&G has not spoken publicly about its plans but in a written response to a pension-holder, one of its investment service consultants said: “I have had it confirmed that Legal & General will not be investing in the Sizewell C nuclear power plant.” L&G declined to comment further. It comes after Aviva Investors expressed concerns about the potential ESG (environmental, social and governance) risks of nuclear power. It said the ESG impact of nuclear was “far from clear at this time.” L&G’s boss Nigel Wilson reportedly described Hinkley in 2016 as a “£25bn waste of money”. https://www.telegraph.co.uk/business/2021/02/20/sizewell-c-proves-aturn-off-city-giant-legal-general/
L&G has not spoken publicly about its plans but in a written response to a pension-holder, one of its investment service consultants said: “I have had it confirmed that Legal & General will not be investing in the Sizewell C nuclear power plant.” L&G declined to comment further. It comes after Aviva Investors expressed concerns about the potential ESG (environmental, social and governance) risks of nuclear power. It said the ESG impact of nuclear was “far from clear at this time.” L&G’s boss Nigel Wilson reportedly described Hinkley in 2016 as a “£25bn waste of money”. https://www.telegraph.co.uk/business/2021/02/20/sizewell-c-proves-aturn-off-city-giant-legal-general/
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