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« Brexit Could Nuke Britain’s Nuclear Energy Industry | Main | Why is India investing in nuclear energy when the whole world is experiencing a nuclear meltdown? »
Wednesday
Apr192017

As the industry struggles, is it 'time to recognize the nuclear show’s over'?

There was a time when nuclear power was considered to be the bulwark of America's energy future.Now the titan appears to be teetering.

Westinghouse Electric Co. — long considered the leader in nuclear power development — filed for bankruptcy protection in late March. The move puts in jeopardy the completion of two nuclear plants in the Southeast that had been heralded as proof the industry’s future was still vibrant.

The news added to a long list of nuclear’s woes:

  • California is on the verge of eliminating its last remaining nuclear power plant.
  • Nuclear waste, stranded in places such as the San Onofre Nuclear Generating Station, isn’t going away any time soon.
  • The industry is still reeling from the 2011 tsunami that hit the Fukushima plant in Japan, which prompted some countries such as Germany to turn away from nuclear power.

Within hours of the Westinghouse announcement, some industry opponents pounced.

The group Beyond Nuclear sent out a tweet concluding: “Time to recognize the nuclear show’s over.”

Damon Moglen, senior strategic adviser for Friends of the Earth, said: “It’s really the death rattle of the nuclear industry.”


read more...

Maybe this sort of reporting is indicative that we are very close to the bottom.....

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