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Nuclear power deal shows Osborne's lack of faith in UK competence
2013-10-21 18:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: George Osborne used a trip to China last week to berate Britain for losing its entrepreneurial confidence and allowing a local nuclear industry to wither. Yet his own decision to subsidise state-owned Chinese and French companies to build and operate Hinkley Point C shows a huge lack of belief in UK competence, and arguably its private sector too. If the chancellor believes that offering a generating strike price at double the current cost of wholesale energy is a good deal all round then why...
United Kingdom: With nuclear power: truth is the first casualty
2013-10-21 17:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Ecologist: The Hinckley deal is a disastrous one for the UK, its taxpayers and energy users. We will be locked into a punitively high electricity price, index-linked, from 2025 until 2060, and the cumulative cost of this one nuclear power station will be well in excess of 100 billion, or around 1 billion per year in today's money. Nuclear power brings many casualties. The first of these is the truth. According to the Government, the "deal" announced with EDF and Chinese nuclear companies to build a pair...
Tags: united
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kingdom
united kingdom
United Kingdom: How the ground shifted for nuclear power
2013-10-21 17:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Political parties The origins of today's decision date back to May 2006 when the then prime minister, Tony Blair heavily influenced by chief scientist Sir David King said that Britain should rethink its energy policy to include nuclear. Until then it had been considered unnecessary and too expensive by Labour. Claiming wind and solar power had "technical" problems, Blair argued that climate change and energy security demanded nuclear. Research by Mori and the Tyndall Centre for Climate Change...
Tags: united
power
kingdom
ground
United Kingdom: Hinkley Point nuclear power station: a new type of nationalisation
2013-10-21 17:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Rejoice! Britain's first new nuclear power station in a generation is to be built at Hinkley Point in Somerset, and David Cameron could not be happier. "This is a very big day for our country," he said yesterday, "the first time we've built a new nuclear power station for a very long time." There is only one snag: "we" are not building it at all. Thanks to an amazingly cushy 35-year deal agreed with the government, the plant to be known as Hinkley C is the responsibility of a consortium largely...
Nuclear deal 'historic day' for UK
2013-10-21 17:28:38| BBC News | Business | UK Edition
A deal to build the UK's first nuclear station in a generation has been hailed as a "historic day" for the UK, by EDF chief executive Vincent de Rivaz.
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