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Nuclear Free Local Authorities (NFLAs) join Stop Sizewell in urging 120 local authorities not to back Sizewell C

The UK/Ireland Nuclear Free Local Authorities have joined campaigners at Stop Sizewell in writing to pension fund administrators providing benefits to members in at least 120 UK local authorities urging them not to finance the Sizewell C nuclear power plant project in Suffolk.

In recent months, Government ministers and EDF have been busy courting pension funds seeking private sector finance. UK taxpayers have already been unwittingly forced to stump up £2.5 billion in pledges made by the government to kick start preparatory works on the site, but government will need billions more to commence construction.

The estimated cost of completing Sizewell C’s sister plant Hinkley Point C in Somerset could be as high as £46 billion, and civil nuclear projects are notorious for being delivered late and hugely over budget.

Now NFLA Secretary Richard Outram has joined Stop Sizewell Executive Director Alison Downes in writing to Council pension funds urging them to invest in renewables instead of nuclear, particularly in light of the many resolutions passed by Councils to take urgent action to tackle climate change.

Stop Sizewell have also prepared an excellent briefing outlining why backing Sizewell C would be a bad investment:

https://stopsizewellc.org/core/wp-content/uploads/2024/05/Sizewell-C-and-Risk_-Briefing-for-investors-updated-May-2024.pdf.

……………………………………………..more https://www.nuclearpolicy.info/news/nflas-join-stop-sizewell-in-urging-120-local-authorities-not-to-back-sizewell-c/

May 26, 2024 - Posted by Christina Macpherson | opposition to nuclear, UK