Despite the government’s constant assertion that funding is impossibly tight and that any departure for a rigid status quo by the Labour party is unaffordable, there seems to be no limit to government subsidies gushing into the doomed nuclear project at Hinkley in Somerset. Last year the government offered the French energy company EDF the […]
Posts Tagged ‘Hinkley Point’
Government wide open to subsidy blackmail from EDF over new nuclear build
Mar 20th, 2013 by Michael Meacher.The government’s announcement yesterday that it is granting planning consent to the French firm EDF to build 2 new nuclear power stations at Hinckley Point in Somerset is a sign of panic. The price of these reactors has risen inexorably to £14bn apiece, and it is this exorbitant capital cost together with market uncertainties over […]
