20 Apr '12, 9pm

Government's dream of a nuclear future is failing as @centricaplc threatens to pull out

For years the government has placed its faith in nuclear power and the corporate interests that drive the nuclear industry. Its committment to the nuclear dream has warped Britain’s energy policy at the expense of both bill and tax payers. In 2006 the last government started trying to deliver a new nuclear energy policy. The UK was to have ten reactors at eight sites in England and Wales. But things did not go according to plan. At £5 billion a reactor, nuclear power has turned out to be a very costly means of producing low-carbon electricity. It would take billions of pounds of subsidy before it made business sense to build nuclear reactors. All mainstream political parties have committed to not providing public subsidy for nuclear power. But energy companies will not build them without a hefty subsidy. So instead of taking full advantage of the UK’s excellent potential f...

Full article: http://www.greenpeace.org.uk/blog/climate/governments-nuc...

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