Deadlock between EDF and Treasury threatens shutdown of nuclear reactor programme
Talks have broken down between EDF and the Treasury over plans to build a nuclear reactor at HINKLEY North Somerset. This follows the withdrawal by CENTRICA last week.
GREENPEACE has always argued that nuclear new build would need public subsidy, either through an unrealistic floor price per unit or the UK Treasury guarantee EDF are now asking for.
The present UK coalition government has a stated policy of no subsidy, and we await to see if the customary deceit will be practiced here as for example use of the "essential infrastructure" argument. Just keep your Thesaurus handy- turned to subsidy.
REPORTED ON page 1 today's Financial Times [12FEB 2013 & The Times among the websites as well. [ENDS]