Monday, July 30, 2012
The FT reports, "Nuclear power is so expensive1 compared with other forms of energy that it has become 'really hard' to justify...according to the chief executive of GE one of the world's largest suppliers of atomic equipment."
He went on to say, "It's really a gas and wind world today." The FT says GE and Immelt see the shift to wind and natural gas energy sources as permanent, mostly because they are cheaper.2
1The Clarion Content is opposed to nuclear power because of nuclear waste disposal and the downside risk of accidents, not because of cost.
2The FT notes this is especially bad news for the U.K. which is trying to get nuclear power plants built without public subsidy.