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United States: The farce of the Hinkley C nuclear reactor will haunt Britain for decades

2013-10-21 21:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Seven years ago, I collected all the available cost estimates for nuclear power. The US Nuclear Energy Institute suggested a penny a kilowatt hour. The Royal Academy of Engineering confidently predicted 2.3p. The British government announced that in 2020 the price would be between 3 and 4p. The New Economics Foundation guessed that it could be anywhere between 3.4 and 8.3p; 8.3 pence was so far beyond what anyone else forecast that I treated it as scarcely credible. It falls a penny short of the...

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Fukushima farce reveals nuclear industry's fatal flaw

2013-09-04 11:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Once upon a time, when the nuclear industry was shiny and new, it simply burned uranium. Now, old and tarnished, it burns money. From the promise of nuclear electricity being too cheap to meter, we now have costs that are too great to count. At the site of the Fukushima meltdown in Japan, the government is being forced to spend over 200m on a fanciful-sounding underground ice wall in the latest desperate attempt to halt the radiation-contaminated water that is leaking into the sea. When mere...

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