‘Clear case for inquiry into treatment of men in Britain’s nuclear test programme’
Mirror 10th Nov 2022, https://www.mirror.co.uk/news/politics/clear-case-inquiry-treatment-men-28463111
These brave men were exposed to levels of radiation subsequently linked to higher-than-average rates of cancer and birth defects
There is now a clear case for a public inquiry into the scandalous treatment of the men who took part Britain’s Cold War nuclear test programme.
Throughout our long campaign to win them justice, the Ministry of Defence has sought to confuse the issue and obstruct any inquiries.
These brave men were exposed to levels of radiation subsequently linked to higher-than-average rates of cancer and birth defects.
They have received no recognition, no medals and no compensation.
The MoD allegedly knew full well the dangers and sought to cover them up.
Nuclear test vet heroes denied truth as government ‘committed crimes against own servicemen’
Some documents which would reveal the truth have been withdrawn from the public record. Medical records have reportedly been falsified, withheld or destroyed.
An inquiry must examine not just the test programme but also the culture of secrecy which has added to families’ distress.
The poppy to be worn by Rishi Sunak at the Cenotaph this weekend is meant to be tribute to those who served the nation. If he really wants to support military personnel past and present he will act now
Welsh Affairs Committee to hear from proponents of nuclear power, on funding plans for Sizewell C project
On 16th Nov, the Welsh Affairs Committee will quiz experts on whether
funding models are adequate to meet the UK Government’s targets to
generate 24GW of nuclear power by 2050. MPs will hear from Aviva Investors,
Sizewell C and the Nuclear Industry Association on the financing of new
nuclear projects covering the Regulated Asset Base model of funding, green
taxonomy and private investment.
They will also be discussing the
importance of the UK Government’s commitment to the nuclear sector and
public funding. The evidence session comes amid reports that the UK
Government is hoping to finalise a deal shortly on the funding of the
Sizewell C nuclear power plant.
Welsh Affairs Select Committee 10th Nov 2022
TODAY. The Times got it right about 5 reasons for hope on climate action, but very wrong on one
I wonder why journalists do this? Presumably, this Times writer is not ignorant, not stupid. And yet, slipped in amongst some genuine factors about clean energy sources and energy efficiency, – we come to his uncritical admiration for nuclear fusion and small nuclear reactors.
The writer does mention the “prototype nuclear fusion” planned for 2040. A fat lot of good that would be – we need action now – not promises for the nebulous far-off future!
As always – I am stunned at the corporate journalists’ complacency – in trotting out the military-industrial-corporate-government line on matters nuclear.
The connection here is that small nuclear reactors have only one genuine use – to assist and promote the nuclear weapons industry
Six reasons to be cheerful about the climate’s future. Times 9th Nov 2022
Growth in emissions is slowing, clean energy is cheaper and electric cars are denting oil, Adam
Vaughan writes.
Between warnings from the Cop27 climate conference in Egypt
that the world is on a “highway to climate hell” and “the planet has
become a world of suffering”, it can be easy to think that no absolutely
no progress has been made on curbing global warming.
It is certainly true
that the world is falling wildly short of its 1.5C climate goal target. But
it is simultaneously true that great strides are being made in the world of
science, business and technology, as the following six examples show.
(1) Global carbon emissions growth has slowed; The emissions from humanity’s
cars, factories and power stations are still going up, when scientists say
they need to have fallen 45 per cent by the end of this decade if the world
is to rein in warming to 1.5C. The silver lining is there are signs that
emissions are hitting a plateau.
(2) Renewable energy is rapidly getting
cheaper. Most authorities, including the International Energy Agency (IEA)
and leading scientists, think that wind and solar power will be the two key
technologies for decarbonising the world’s electricity supplies. Between
2010 and 2019, the costs for solar energy fell by 85 per cent. Wind energy
fell costs fell by 55 per cent. Investment is pouring into renewable energy
at a record rate, with $226 billion invested in the first half of 2022
according to Bloomberg New Energy Finance, which tracks clean energy
spending.
Global energy demand growth will now “almost entirely be met by
renewables, the IEA said recently. In the UK, the cost of offshore wind and
solar has fallen by 80 to 90 per cent over the past decade. “Wind and
solar are now the cheapest way to generate electricity in most of the world
and, in the UK, we get as much electricity from renewables as we do from
gas,” said Evans. In July, five new offshore wind farms due online from
2026 won a government auction to deliver power to consumers at £37.35 per
megawatt hour, a fraction of the cost of gas-fired power plants now.
(3) High gas prices have made cutting emissions cheaper. The UK’s Climate
Change Committee, an independent body which advises the government on how
to meet its carbon targets, said in June that soaring gas prices meant that
meeting net zero would flip from a 0.5 per cent cost to GDP by 2035, to a
0.5 per cent saving by 2035.
(4) Technology can be seen as a breath of
fresh air. Energy efficiency improvements have delivered huge gains, with
better appliances and LED bulbs saving the average UK household £290 a year
between 2008 and 2017. Typical household energy bills today would have been
£40 a year lower if David Cameron hadn’t cut insulation programmes in 2013.
(5) Other countries are passing climate laws: President Biden came to Cop26
in Glasgow with a promise of halving his country’s emissions by 2030, but
no domestic plan to deliver the cuts. This time John Kerry, his special
climate envoy, can boast that America recently passed legislation that
commits the country to spending £318 billion on clean energy. The package,
which largely consists of incentives for key technologies such as wind and
solar power, electric cars and hydrogen, is expected to deliver a 40 per
cent emissions cut by 2030, not far off Biden’s target.
(6) Innovative new
technology is gaining traction: Previously far-off ideas are nearing
commercial reality, and the UK is pioneering many of them. The UK is
planning to build the world’s first prototype nuclear fusion power station
by 2040. A new generation of new nuclear power stations backed by
Rolls-Royce, much smaller and hopefully easier to build than conventional
ones, are working their way through the UK’s nuclear regulatory approval
process. Giant electrolysers are being built next to an offshore wind farm
in northeast England to split water and produce a clean supply of hydrogen.
The UK government is even taking seriously the prospect of space-based
solar power, where solar panels in Earth’s orbit beam a steady stream of
electricity back to the planet’s surface.
https://www.thetimes.co.uk/article/six-reasons-to-be-cheerful-about-the-climate-s-future-9s0wgddkq
Ever the optimists… Rolls-Royce chooses four sites for reactor that’s yet to be built
https://www.nuclearpolicy.info/news/ever-the-optimistsrolls-royce-chooses-four-sites-for-reactor-thats-yet-to-be-built/ 9 Nov 22, Rolls Royce SMR, the company behind the development of so-called Small Modular Reactors, has today announced its ambitious plans to deploy new reactors at four sites in England and North Wales by the early 2030’s, but there is a fly in the ointment – it is a reactor that has yet to be built.
Rolls-Royce has been visiting sites in recent months and number-crunching existing data to identify their preferred locations for any future SMRs, and Wylfa and Trawsfynydd in North Wales; Sellafield in West Cumbria; and Oldbury in Gloucestershire have been selected based on ‘existing geotechnical data, adequate grid connection and because each site is large enough to deploy multiple SMRs’.
But the announcement leapfrogs several crucial challenges Roll-Royce will first need to overcome before their SMR vision becomes reality.
Councillor David Blackburn, Chair of the UK/Ireland Nuclear Free Local Authorities, explained: “Rolls-Royce may sound optimistic, but the history of British civil nuclear power is littered with projects delivered late, over budget, whilst compromising safety, or with sub-standard power output. And the SMR concept has its own set of problems.
“For one the design has not even received regulatory approval from the Office of Nuclear Regulation, and it may not, and this is a process expected to take until at least mid-2024.
“It is also conceived to be prefabricated and assembled on site, but factories still have to be built to fabricate the parts; the process of fabrication has to be mastered; all the necessary approvals and permits will have to secured to build on each site, possibly in the teeth of significant public opposition; and the assembly of pre-fabricated reactors on site is still not a perfected art – just think of the challenge of building an IKEA furniture set and multiply that a million fold.”
The NFLA also has real concerns about the radioactive waste future SMRs will bring, with a recent study by the University of Stanford and British Columbia identifying that fission in these smaller reactor types could produce between two and thirty times as much radioactive waste as that produced by a ‘conventional’ larger reactor per unit of electricity generated.[1]
Added Councillor Blackburn: “That is an awful lot of radioactive waste to add to the stockpile Britain has already accumulated from almost seventy years of civil nuclear power generation; toxic waste that must be managed safely at vast public expense and for which a long-term totally safe storage solution has yet to be found. Do we really want to produce more when we can generate our electricity safely and more cheaply using renewables?”
A disaster waiting to happen’: British nuclear-armed sub resurfaces after fire onboard
https://cnduk.org/a-disaster-waiting-to-happen-british-nuclear-armed-sub-resurfaces-after-fire-onboard/?fbclid=IwAR3t-FcdURBZY22Nmf7daG7zZm1F4OTGwxQEQ8hvq0X6RMAt6N9X6OdUgsE A Royal Navy nuclear-armed submarine had to abandon its mission and resurface, after a fire broke out onboard following an electrical fault.
The Ministry of Defence said the incident on HMS Victorious happened six weeks ago. The blaze broke out in an electrical component in one of the submarine’s systems but carbon dioxide injectors built into the module extinguished it. However, all crew were scrambled to tackle the fire and look for others and the sub’s commander had to surface the vessel in the North Atlantic. After the fire was contained, Victorious returned to port at Faslane in Scotland.
Victorious is one of Britain’s four Vanguard-class nuclear-armed submarines with one vessel constantly on patrol ready to launch a nuclear strike. The MoD said the sub wasn’t on patrol during the time of the fire and was en route to the US for wargames.
News of the incident comes after it was revealed in September that another vessel, HMS Vanguard, would remain in dry-dock for the foreseeable future after more technical issues were discovered. Vanguard has been in deep maintenance since 2015 at a cost of £500 million. The delay has compounded problems for the Royal Navy – whose so-called “Continuous at-Sea Deterrence” is reportedly operating at half capacity.
Meanwhile, a whistleblower told STV that staff working at Royal Naval Armaments Depot (RNAD) Coulport – the base where Britain’s nuclear weapons are stored – had to be evacuated due to a “serious radiation breach.”
CND General Secretary Kate Hudson said: “The revelations about HMS Victorious further underline the risks that these weapons present – a disaster waiting to happen. The fact that the sub had to surface and expose itself illustrates both how fallible the technology is and how baseless the myth of ‘invisibility’. The news from Coulport reinforces these concerns. Meanwhile, billions of pounds are being pumped into maintaining these vessels and warheads and billions more in developing news ones. It’s time to stop this irresponsible waste before a real tragedy occurs.”
Campaigners seek early end to Chinese involvement at Bradwell nuclear project
https://www.nuclearpolicy.info/news/campaigners-seek-early-end-to-chinese-involvement-at-bradwell/ 7 Nov 22 Three campaign groups have written to influential parliamentarians asking them to seek an early end to plans by Chinese-state owned CGN to develop a new nuclear power plant at Bradwell in Essex.
In their letter to Conservative MPs, Alicia Kearns and Sir Iain Duncan Smith, the Nuclear Free Local Authorities, the Blackwater Against New Nuclear Group (BANNG), and the Bradwell B Action Network (BAN) have urged them ‘to make urgent representations to government to terminate CGN’s involvement at the Bradwell B site as soon as possible’.
Ms Kearns and Sir Iain are both prominent members of the China Research Group, whose stated position is that ‘Chinese involvement in our nuclear industry is now seen as an unacceptable national security risk’. The three campaign groups are opposed to any new nuclear projects at Bradwell as they believe the site does not meet any of the required national criteria to be suitable for the location of a power plant, however they have especial concerns about a Chinese-led project.
T
n their letter, they state that ‘the construction of a nuclear power plant by a Chinese-state owned entity, using Chinese-designed reactors that are not yet operational anywhere in the world, at a location relatively close to large urban populations, military installations, and other strategic assets and infrastructure, must represent a potentially substantial safety and security risk to the UK’.
Recent pronouncements by the Bradwell project team have contained mixed messages. In a circular to residents, they stated that boreholes dug on site to take soil samples would be filled in; that the site compound would soon be dismantled; and that a second phase of testing would be delayed beyond 2023. However, in a response to the media after the NFLA described this as ‘beating a retreat’, CGN insisted they are going to proceed with further feasibility studies.
This optimism seems ill-judged given the many statements by government ministers that they are hostile to Chinese investment in major British infrastructure projects, including at Sizewell C and Bradwell B. The government has enacted the National Security and Investment Act to allows ministers to restrict or prevent foreign investment in infrastructure projects that could compromise national security. Given the political backdrop, the three campaign groups cannot see how the British government could give the CGN-led Bradwell B development its endorsement
Professor Andrew Blowers OBE, Chair of BANNG, said: ‘For the past fourteen years, we have opposed any nuclear development on the grounds that the site is not in any way ‘potentially suitable’ for a new nuclear power station. We believe the Chinese project will be withdrawn owing to sustained local opposition and security concerns. We are asking politicians to confirm that this is the case.’
Councillor David Blackburn, Chair of the NFLA, added: ‘The Bradwell situation appears to be one in which life imitates art. The Bradwell B team are insisting, like the shopkeeper in the famous Monty Python parrot sketch, that their nuclear power project is ‘not dead, it’s merely resting’, whereas it is highly unlikely that it will ever go forward at a time when parliament believes the Chinese Government is not to be trusted. The NFLA believes it would be best if the government made plain that this is going nowhere to end the uncertainty for staff and the people in the communities surrounding the Bradwell B site.’
France’s Macron and UK’s Sunak agree on nuclear energy cooperation
https://www.reuters.com/business/energy/frances-macron-uks-sunak-agree-nuclear-energy-cooperation-2022-11-07/ PARIS, Nov 7 (Reuters) – French President Emmanuel Macron and Britain’s Prime Minister Rishi Sunak on Monday pledged “ambitious cooperation” in the field of nuclear energy to cope with the impact on energy supplies of Russia’s invasion of Ukraine.
Reporting by Michel Rose; Writing by Benoit Van Overstraeten; Editing by Andrew Heavens
The two leaders met on the sidelines of climate talks in Egypt, their first meeting since Sunak became prime minister.
The French presidential palace also said Macron and Sunak wanted better coordination on migration.
UK government denies reports that the Sizewell C nuclear project is in doubt
The UK government has denied plans for Sizewell C are currently under
review, reiterating its commitment in supporting the acceleration of the
nuclear industry. This is contrary to reports that emerged from the BBC in
which it was stated a “government official had disclosed that every major
project was under review including Sizewell C”.
It was reported that the
primary reason behind this was to cut costs as the UK enters the bleak
winter period amid the energy crisis. Dispelling these reports, a
government spokesperson told Current± that its position on the Sizewell C
project “has not changed” and it will continue to support the
development of the nuclear industry as a means to reach net zero.
Current 4th Nov 2022
https://www.current-news.co.uk/news/uk-government-squashes-claims-sizewell-c-is-under-review
Radioactive Waste Flasks to Share Arnside Viaduct with Walkers and Cyclists ?
Movers and Shakers including green minded and not so green minded folk are
pushing ahead with the plan to open the Arnside Viaduct to walkers and
cyclists. Whats wrong with that? Nothing apart from the fact that
radioactive waste travels this route to Sellafield on a regular basis.
Several flasks are sometimes taken across the viaduct at a time with at
least two deisel engines required just in case one breaks down as the load
is so very dangerous to the public ..and a target for goodness knows what.
Along with Nuclear Free Local Authorities and Close Capenhurst, Radiation
Free Lakeland recently put a series of questions to Direct Rail Services
who operate the nuclear waste trains on behalf of UK Government. The
replies have so far been unsatisfactory to say the least given that UK
Government is putting public money into ever increasing nuclear waste
flasks journeying to Sellafield alongside public access for walkers and
cyclists sharing the same route over the Arnside Viaduct.
Radiation Free Lakeland 6th Nov 2022
Does the UK need new nuclear plants like Sizewell C to reach net zero?
Does the UK need new nuclear plants like Sizewell C to reach net zero?
With the cost of renewables and batteries plummeting, some academics argue
that the UK doesn’t need to build new nuclear power stations to achieve its
net zero goal.
Eight months ago, the UK government made a big bet on
nuclear, promising to treble the size of the country’s nuclear fleet
between now and 2050. Delivering on that promise would require huge
investment in both large-scale new nuclear plants and small-scale modular
reactors. This follows years of government delay and prevarication.
Ministers at the time told the public this push for nuclear was essential
to achieve the UK’s aim to have net-zero carbon emissions by 2050.
That nuclear-fuelled zero-carbon future could now be in doubt, according to news
reports. A government official told the BBC that plans for the nuclear
power plant Sizewell C, which would supply around 7 per cent of the UK’s
electricity, are “under review” as the government looks to cut
spending.
The prime minister’s spokesperson later denied that it was
under review, saying that negotiations with private firms over funding were
ongoing and the government “hoped to get a deal over the line as soon as
possible”.
However, some academics are questioning whether new nuclear is
even necessary. For years it has been energy orthodoxy to argue that
nuclear will be an essential component of the UK’s energy mix to meet its
net zero goal. Wind and solar would supply most of the country’s energy,
so the thinking went, but some back-up power would be needed for when the
wind doesn’t blow and the sky is cloudy. It is an argument broadly
accepted by the UK government, the Climate Change Committee that advises it
and, reluctantly, many environmental campaigners.
But that is now changing,
says James Price at University College London, author of a study published
in September that suggests the government’s backing for new nuclear is
“increasingly difficult to justify”
New Scientist 4th Nov 2022
Councillor wants to know why there has been an increase in radioactive particles found on Dounreay foreshore.
A Caithness councillor wants to know
why there has been an increase in the number of radioactive particles found
on the foreshore at Dounreay this year. Struan Mackie, a Thurso and
Northwest Caithness Highland councillor and chairman of the Dounreay
Stakeholder Group (DSG), made the call after 15 irradiated particles were
discovered on the foreshore area between February and March. It is
understood to be the highest number since 17 were found in 1996.
Mr Mackie
said: “We wish to ascertain why there has been an increase in particle
detections and whether this was preventable. “Regular public updates are
provided to the Dounreay Stakeholder Group through our Site Restoration
sub-group, and it is of the utmost importance that these matters are dealt
with in a robust but transparent manner.”
Dounreay confirmed there has been
an increase in the number of particles found on the foreshore. A
spokeswoman said: “We closely monitor the environment around the site and
have seen an increase in particles found on the Dounreay foreshore this
year. “The foreshore is not used by the general public. We are looking at
wind and wave data to see if we can pinpoint a trend, and will report our
findings when they are complete. Safety is our number one priority and we
continue to monitor the foreshore on a regular basis.
John O’Groat Journal 4th Nov 2022
UK government might scrap Sizewell nuclear plan
A new nuclear power plant in Suffolk is under review and could be delayed or even axed, as the government tries to cut spending, the BBC has been told. Sizewell C was expected to provide up to 7% of the UK’s total
electricity needs, but critics have argued it will be expensive and take years to build. A new high speed rail line in the north of England could also be axed.
“We are reviewing every major project – including Sizewell C,” a government official told the BBC. The government is due to unveil its tax and spending plans under new Prime Minister Rishi Sunak at the Autumn
Statement on 17 November. Negotiations on raising funds for Sizewell C are understood to be ongoing. It is not expected to begin generating electricity until the 2030s. A Treasury spokesperson said delivering
infrastructure projects was “a priority”.
There was confusion on Thursday as executives at the French energy contractor EDF – already building a new plant at Hinkley in Somerset – and the Business and Energy department seemed blindsided by a potential change in tack on existing government policy, which promises to press ahead with both large and smaller scale nuclear projects. “As far we know, it’s still on”, said one nuclear industry executive close to the matter. New large-scale nuclear plants have been a key part of a government strategy to help reduce the UK’s reliance on fossil fuels. Boris Johnson whilst PM declared it was his intention to build eight new reactors in the next eight years.
A shift away from that position would represent a major change in UK energy policy that some will
lament and some will celebrate. But it would do little to convince investors in the UK – domestic and foreign – that they are dealing with a government with stable policy priorities.
BBC 4th Nov 2022
‘Will they, won’t they – great uncertainty over government go ahead for Sizewell C.
It has been a day of mixed messages with reports in the national press and on the BBC that government funding for Sizewell C may be axed being contradicted by a statement issued from the Prime Minister’s office.
The Nuclear Free Local Authorities would sincerely like the costly Suffolk white elephant culled and the money spent instead on insulating cold and damp British homes to reduce energy demand and lower fuel bills. In a letter to Jeremy Hunt MP last month, the organisation urged the Chancellor to ‘leave Sizewell C well-alone’ and to withdraw from the £700 million commitment made by outgoing Prime Minister Boris Johnson and from the concordat agreed between Prime Minister Truss and President Macron to each take a 20% stake in the project.
As the estimated cost to completion is at least £30 billion, this represents a tremendous commitment of taxpayers’ cash, and there is considerable doubt over whether operator EDF Energy, already in huge debt, will be in a financial position to complete the plant or if private-sector players will step in to take the remaining 60% share. Nuclear power projects are notorious for being delivered late and massively over budget so the risk is great that Sizewell C will represent both a lumbering folly and a financial bottomless pit for beleaguered consumers, who would have to pick up the tab through a ‘nuclear tax’ levied through electricity bills.
For the NFLA then, there was great disappointment when in his response to the letter, Climate Minister Graham Stuart, said that ‘commercial discussions have been constructive but are ongoing, and no decisions have been made’ and in a statement made today, a spokesperson for the Prime Minister said ‘Britain’s Sizewell C nuclear power plant project is not being scrapped and negotiations on its funding are progressing’.
So optimistic noises that the project is on track, but there has been speculation that there is an ongoing internal conflict between Whitehall mandarins in the Treasury and the Department of Business Energy and Industrial Strategy as to whether Sizewell C should be in the mix as a project that must be cut alongside HS2 and the Northern Powerhouse Rail as part of the government’s plan to reduce the deficit by £35 billion as Britain enters a new recession.
For the NFLA then, there was great disappointment when in his response to the letter, Climate Minister Graham Stuart, said that ‘commercial discussions have been constructive but are ongoing, and no decisions have been made’ and in a statement made today, a spokesperson for the Prime Minister said ‘Britain’s Sizewell C nuclear power plant project is not being scrapped and negotiations on its funding are progressing’.
French nuclear corporation EDF – facing huge debts, but cosily enmeshed with UK government
But what about the future? EDF is predicted to stack up 100 billion Euros (£87.8 billion) in debt this year and the French government already pumped €3 billion (£2.6 billion) into the company in Spring.
But as you’ll see below, no matter how bad things are there’s always room to give the CEO a pay rise.
In 2020, CEO Lévy was listed as the 9th highest-paid CEO in the utility sector worldwide taking home a salary of €450,000 (£389,500) and €3,660 (£3,150) in benefits.
EDF has been getting cosier and cosier with the government.
And the cosiness isn’t set to end anytime soon, EDF stands in good stead under Liz Truss. The new PM nominated former EDF lobbyist Michael Stott as Downing Street’s new business liaison. Stott, who is also an ex-Tory press officer, is expected to lead the government’s new-build nuclear programme.
EDF: WHEN THE STATE GOES FULL CAPITALIST. https://newint.org/features/2022/10/31/edf-when-state-goes-full-capitalist 31 October 2022
What happens when a state energy company goes multinational? In the second installment of its Heat the Rich series on Britain’s big six energy giants, Corporate Watch puts the spotlight on EDF Energy.
EDF is the fifth biggest energy supplier in the UK currently controlling over 10% of the market. The French multinational is best known for “leading the UK’s nuclear renaissance” operating all eight of the UK’s nuclear power stations.
It’s owned by Electricity of France S.A. (Électricité de France, EDF). A multinational energy producer and supplier primarily (and soon to be solely) owned by the French government. It is one of the world’s top five utility companies.
Created in 1946 by the French government, EDF was set up with the intention of rebuilding France’s power grid following World War Two. Now, 70 years on, EDF has branched out a lot further than France, cashing in on energy users from the USA to India. The group is now made up of 144 subsidiaries.
Despite its name, EDF isn’t just in the energy business. EDF is also involved in the data software, vehicle traceability, investment, and real estate sectors, to name just a few.
EDF uses strategic partnership deals to build its brand, for example, the company is a ‘premium partner’ (and official energy supplier) for the Olympic and Paralympic Games in Paris in 2024.
HOW MANY UK ENERGY CUSTOMERS DOES EDF HAVE?
Electricity (excluding pre-payment): 3 million
Gas (excluding pre-payment): 2.1 million
WHO OWNS IT?
EDF Energy (UK) Ltd is ultimately owned by EDF SA, a French company which is majority owned (84%) by the French government and listed on Euronext, the French stock exchange.
In July 2022, the French government announced it would buy out the outstanding 16% of EDF’s shares, reversing the partial privatization of the company in 2005. But it hit a brick wall when investors threatened to sue the government for losses. The French state started finalising their buyout of 100% shares in EDF in September. But at what price? The other shareholders are demanding a fortune, with the government set to pay a total of 9.7 billion euros (£8.7 billion) of French taxpayers’ money. It’s worth noting that the shareholders set to cash in from this nationalization are investment giants Blackrock and Vanguard Group.
IS EDF SUFFERING AS A RESULT OF THE COST OF LIVING CRISIS?
On the face of it, it does seem like EDF profits have nose-dived in recent years. According to EDF Energy (UK) Ltd’s 2021 accounts, EDF operated a €4.8 billion (£4.2 billion) loss compared to €268 million (£239 million) in 2020. No dividends were paid by EDF Energy (UK) Ltd. in 2021 nor in 2020. However, another UK subsidiary, EDF Energy Holdings Ltd did pay dividends of £1 million in 2021, and £60 million in 2020.
Despite these losses, at the end of 2021 EDF Energy (UK) Ltd still had net assets of €17.9 billion (£16 billion).
Regardless of the UK subsidiary’s accounts, the EDF Group achieved all its financial targets in 2021. Group sales for the year amounted to £8,720m, an increase of 8%. The Group reaped profits of €360 million (£324 million) in 2021, a total reverse in performance from 2020 when the Group made a loss of €2.6 billion (£2.3 billion).
But what about the future? EDF is predicted to stack up 100 billion Euros (£87.8 billion) in debt this year and the French government already pumped €3 billion (£2.6 billion) into the company in Spring. But as you’ll see below, no matter how bad things are there’s always room to give the CEO a pay rise.
WHO RUNS EDF?
Jean-Bernard Lévy, the current CEO of the Group, is due to leave six months early after a fallout at the top between Lévy and French president, Emmanuel Macron, over nuclear energy. Lévy is – however – unlikely to be out of a job after EDF. He was formerly CEO of weapons company Thales, and media company Vivendi, and even did a stint as a technical adviser to a government ministry. In 2020, Lévy was listed as the 9th highest-paid CEO in the utility sector worldwide taking home a salary of €450,000 (£389,500) and €3,660 (£3,150) in benefits.
Moreover, Lévy’s probable successor, Luc Remont, cherrypicked by Macron (whose appointment is just waiting for parliamentary approval), will start on on a lucrative footing after the French Government announced that it would like to increase the new EDF CEO’s salary to attract more candidates. The company CEO’s salary is currently capped at €450,000 (£389,500). Whilst no figure has been publicly stated, the EDF Group is known to pay high salaries. In 2013 it was revealed that former UK CEO, Vincent de Rivaz, received a pay package of £1 million annually in remuneration.
Simone Rossi has been at EDF since 2004, Rossi switched roles from Head of the International Division to UK CEO in 2017. But Rossi’s influence goes far beyond the British Isles. As a member of the Executive Committee, Rossi is at the very top of the EDF Group. At first it appears Rossi accepted a big pay cut, with a 2017 payment package capped at just over £100,000. A modest salary in comparison to his predecessor, de Rivaz, who was on £1 million a year. But it is highly probable that Rossi’s remuneration is now identical to de Rivaz at £1 million, as the highest-paid director in EDF Energy Holdings Ltd.
EDF
It’s not just customers at the receiving end of EDF’s profit-led strategy. Kashmir Singh, a Prospect trade union organizer, has been fighting against workplace racism and discrimination for half a century. Singh was presented with a 50-year long-service award in 2021 by Simone Rossi. But Singh’s union released a statement explaining how, during his career, he had been subject to two grievance and disciplinary proceedings for daring to raise EDF’s failure to hire and promote staff from Asian or Black Ethnic (ABLE) backgrounds.
SUBSIDIARIES IN TAX HAVENS
EDF Energy (UK) Ltd owns EDF Energy Holdings Ltd, the top holding company for EDF’s UK subsidiaries. Whilst EDF Energy (UK)’s accounts from 2021 detail tax payments of €905m (£780m) of corporation tax in 2021, some of its subsidiaries are registered in notorious tax havens including a holdings company registered in Hong Kong and an insurance company in Guernsey.
Over the last two decades, EDF has funded the Conservative party to the tune of £38,499.
Most recently, last October EDF Energy Renewables Ltd donated £4,999 to the Conservative Tees Valley Mayor, Ben Houchen. And like clockwork, by March 2022, EDF announced its plan to construct a new hydrogen production centre near the former Redcar steelworks in Teeside. The centre is called Tees Green Hydrogen.
EDF also made two £6,000 in donations to the Labour Party in October 2003 and September 2005. The timing of these donations coincided with Labour PM Tony Blair’s announcement in November 2005 that the government was looking into new nuclear for the UK’s future energy supplies. This set the ball rolling for EDF’s £18 billion government contract for the construction of Hinkley Point C power station.
Over the last decade, EDF has been getting cosier and cosier with the government. The company has had at least five independent opportunities to promote its agenda in meetings with UK prime ministers, once with David Cameron and four times with Boris Johnson. Company representatives even had an intimate one-to-one with Johnson in January 2022 to chat about the UK’s nuclear energy supply, which EDF holds the monopoly over.
Since 2012, company representatives have also attended at least 151 meetings with government ministers, including 24 solo meetings with the former Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, who is now the Chancellor of the Exchequer, the person in charge of UK economic policy.
And the cosiness isn’t set to end anytime soon, EDF stands in good stead under Liz Truss. The new PM nominated former EDF lobbyist Michael Stott as Downing Street’s new business liaison. Stott, who is also an ex-Tory press officer, is expected to lead the government’s new-build nuclear programme.
Failure of the “nuclear renaissance” leaves Britain with super-costly closures of reactors, and electricity shortage
UK facing electricity supply woes after nuclear power stations shut, MPs told
Larger and smaller reactors carry risks, island nation failed to keep pace with nuclear fleet closure
Lindsay Clark, 1 Nov 2022 , Electricity shortages appear inevitable for the UK due to the decommissioning of the nation’s aging estate of nuclear power stations, according to evidence submitted by industry to politicians.
…….. Writing to the Commons Science and Technology Committee, Manchester University’s Dalton Nuclear Policy Group said: “Sadly, it is now much too late to avoid a negative impact on the UK’s electricity supply due to the closure of our nuclear fleet. All eleven of Britain’s Magnox plants have been shut down for many years – the last being the Wylfa plant on Anglesey which ceased operation on New Year’s Eve 2015.
It added: “The fleet of Advanced Gas-cooled Reactors (AGRs) operated by [French energy firm] EDF is also now seeing closures.”
In February, the UK government was warned taxpayers would have to make up a multibillion-pound shortfall to decommission nuclear power stations unless a history of overspending is reversed. EDF Energy runs seven AGR stations in the UK, part of eight second-generation reactors set to be decommissioned which provide 16 percent of the nation’s electricity. The AGR stations are scheduled to stop producing electricity by 2028.
Last year the government injected £5.1 billion ($5.8 billion) into the Nuclear Liabilities Fund – now valued at £14.8 billion ($17 billion) – which it set up in 1996 to meet the costs of decommissioning AGR and Pressurized Water Reactor stations. But EDF’s latest cost estimate to decommission the stations in March last year was £23.5bn ($27 billion). Public spending watchdog the National Audit Office has warned more money will be needed unless the government and EDF avoid overspending.
But as well as overspending, decommissioning also presents a problem for electricity supply.
“It is unlikely that there will be any significant extension to these projected dates, although there may be scope for some slight delays in closure. Once the AGRs are all closed, the UK will only have one reactor from the current nuclear fleet still operational – the pressurised water reactor at Sizewell B,” Dalton Nuclear Policy Group said.
……. “it is due to the failure since 2008 – with the exception of the long-delayed Hinkley Point C – of all proposals for a nuclear renaissance in the UK to move from plans to reality,” the group said.
In May, EDF admitted to another year’s delay and £3 billion ($3.5 billion) extra cost in Hinkely Point C – the UK’s first nuclear power station to be built in 20 years. The revised operating date for the site in Somerset is now June 2027 and total costs are estimated to be in the range of £25 billion to £26 billion ($29 billion).
EDF said it would have no cost impact on British consumers or taxpayers. The power station had been due online by 2017 at a cost of around £20 billion ($22 billion)………………….. The Science and Technology Committee is set to hear oral evidence for its inquiry on Delivering Nuclear Power during hearings this week.
The Register 1st Nov 2022
https://www.theregister.com/2022/11/01/electricity_shortages_uk/
1 This Month
of the week– Nuclear Reactor Information Task Force
14 May – online event From Bombs to Data Centres: the Face of Nuclear Colonialism
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