Friday, September 18, 2009

Finance Dampens Nuclear Hopes


The original nuclear renaissance bloomed on the concept of infinite, cheap credit. Then came the credit crash. Now, this plant may be killed because of credit risk, and a propensity for nuclear costs to go through the roof.

What I really want to note though, is that this new nuclear plant is on the most deadly of seismic zones, right at the edge of the sinking passive margin, and an area known to have large historic quakes. Are they doing anything about this? Will they? No, they won't put in a penny for new science.

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