nuclear-news

For the sake of Suffolk, Nuclear Free Local Authorities urge Centrica to ‘Say Non to Sizewell C’

The Chairs of the Nuclear Free Local Authorities (NFLA) Steering Committee and the NFLA English Forum have written to the Chief Executive of Centrica, which owns British Gas, urging him ‘for the sake of our planet, the people, fauna and flora of Suffolk, the wallets of your hard-pressed electricity customers, and your own company bottom-line’ to say NON to Sizewell C.

The Times reported in July that Chief Executive Chris O’Shea was considering taking a stake in the project and Councillors O’Neill and Blackburn in their letter point out the pitfalls of investment ‘which would bring with it clear financial, ESG and reputational risks for Centrica’.

EDF Energy, now wholly owned by the French state, is currently building a similar plant at Hinkley Point C in Somerset – its history has not been a happy one with the project hugely behind schedule and massively over budget. In addition, Sizewell C will utilise the same EPR reactor as Hinkley Point C, a reactor design with a chequered safety and reliability record. A reactor in China was involved in an accident and is currently again shutdown (Taishan-1) and in Finland a second one only came online after the operator was forced to carry out repairs after a succession of equipment failures (Olkiluoto-3).

Sizewell C is also a site presenting unique challenges. It is located on the Suffolk Heritage Coast, facing the increasing threat of storm surges and coastal erosion, and with climate change modelling suggesting it would become inundated and isolated; there are several sites of scientific interest nearby; and the county is under increasing water stress with fears that there will be insufficient fresh water to meet the needs of the plant as well as local people.

The Councillors point out that several prospective investors who manage large pension funds have clearly indicated that ‘they will not be dipping their financial toe into the radioactive water’ of Sizewell C. Pension managers at The People’s Pension; Nest; BT; BBC; Tesco; and Pearson have all, in correspondence seen by campaigners at Stop Sizewell C, indicated they will not be backing Sizewell C, whilst the Daily Mail reported that Nat West and BT told the paper they would also not be investing and Legal and General’s Nigel Wilson told the BBC’s Today programme: “We are not big fans of HS2 and Sizewell C”.

Councillor O’Neill believes this to be sage advice:

“At a current projected cost of £32.7 billion, Hinkley Point C’s budget is fast approaching twice its first estimate at the time of financial close, and there is no reason to believe that Sizewell C will be delivered any more quickly or any more cheaply as the construction of large nuclear power plants in the UK is a litany of projects being delivered late and vastly over budget.”

Councillor David Blackburn, Chair of the NFLAs English Forum, is a co-signatory to the letter. He is urging opponents of the project to also contact Centrica to ask them not to invest:

“It would be far wiser for Centrica to direct every available penny into the proven renewable technologies that we already have now – these would generate power and heat far more quickly and more cheaply, and generate for them a more immediate financial return, than any further investment in this monstrous nuclear boondoggle.

“The NFLAs are pleased to back the campaign launched by Stop Sizewell C asking supporters to send an email directly to Mr O’Shea asking him not to invest in Sizewell C.

“You can take this direct action in just a few clicks by going to the site at https://action.stopsizewellc.org/centrica 

August 24, 2023 - Posted by Christina Macpherson | politics, UK