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France Agrees To Build Huge Nuclear Reactor For UK, Saving $32 Billion

2016-07-29 06:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Change Dispatch: The French nuclear giant Electricite de France (EDF) agreed Thursday to build a nuclear reactor at Hinkley Point, United Kingdom by 2025, after years of delays and environmental opposition. U.K. taxpayers could have been stuck paying $31.6 billion if the reactors had been blocked for political reasons, according to released government documents. EDF is moving ahead despite the companys serious financial problems and the fact that the projects credit rating is below investment grade. EDF repeatedly...

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