British government commits £700m in first state-backed reactor in 30 years
Powering ahead: Sizewell C (pictured) was proposed in 2008 and has stalled since, following opposition to its cost and Chinese involvement. Image via EDF The British government has breathed new life into the country’s nuclear energy programme as energy independence becomes a key pillar of its growth strategy.
“In the long-term, we have only one way to stop ourselves from being at the mercy of international gas prices: energy independence combined with energy efficiency,” the chancellor of the exchequer, Jeremy Hunt, said at the House of Commons in his Autumn Statement on November 17.
Mr Hunt then called for a major acceleration of homegrown technologies, such as offshore wind, carbon capture storage and, “above all, nuclear”.“The government will proceed with a new nuclear plant at Sizewell C,” Mr Hunt said, referring to the nuclear power station in Suffolk, England. […]
Click here to view original web page at www.fdiintelligence.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments