EC Sees Heavy Pricetag to UK Nukes Plan

UK prime minister David Cameron at Hinkley Point
UK prime minister David Cameron at Hinkley Point

Government incentives for a pair of proposed nuclear reactors could cost U.K. taxpayers as much as £17.62 billion, thus exceeding the reactors’ projected cost. The EC figure is a preliminary estimate included in an initial report to London published on Friday by European Commission competition czars. The letter notifies the British government that—as we predicted in December—Brussels is launching a formal investigation to assess whether the subsidies violate European state aid rules.

The preliminary findings suggest that the U.K. and E.C. are on a collision source. As the Financial Times summed it up this weekend: “The severity of [the EC’s] initial concerns will cast a shadow over government hopes to win approval for the deal.”

Continue reading “EC Sees Heavy Pricetag to UK Nukes Plan”

Nuclear Safety Implications in China’s Bullet Train Wreck?

The hand-wringing over China’s high-speed train wreck last month may have just begun if the government’s current explanation for the crash proves out. At present official fingers are pointing to a failure in the trains’ signaling system. The firm that installed them, it now appears, provides similar equipment for the nuclear reactors that China is building just as fast as it is adding rail lines. Continue reading “Nuclear Safety Implications in China’s Bullet Train Wreck?”