UK Government to Rip Up Rulebook and Subsidise New Nuclear Plants
Tuesday, 23 October 2012 10:23
Posted by David Icke
'The Government is planning to write a "blank cheque" to the nuclear industry by underwriting the cost of new power stations, leading energy academics have claimed in a letter to The Independent.
Under a major policy U-turn being considered by ministers, the taxpayer would be left to cover the cost of budget over-runs or building delays at new nuclear plants. Costly setbacks are almost inevitable with such complex construction projects.
The proposals, which would break a long-standing Government promise never to subsidise the nuclear industry, are intended to reassure multi-national energy firms into investing in a new fleet of nuclear plants in Britain.'
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