nuclear subsidies
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Posted by bex — 10 January 2008 at 5:44pm
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Our political unit has been trawling through the fine print of this morning's nuclear White Paper. Here's their initial analysis, outlining some of the more subtle ways the government has understated the real risks to the taxpayer and the lack of clarity on economics:
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The
White Paper shows how nuclear companies will be able to cap their liabilities, leaving
the tax payer exposed if estimates for dealing with waste change.
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openly admits the government will have to provide extra money if cost estimates
are wrong.
- It
uses questionable financial estimates to build the nuclear economic case.
Last edited 10 January 2008 at 2:02pm
Buried in the nuclear white paper published today is a commitment by the government to bail out nuclear power if something goes wrong.
Reacting, Greenpeace executive director John Sauven said:
"After all the promises from ministers that the private sector would pay the full costs of new nuclear power stations, we find it wasn't true. Buried in the small print of their announcement is the revelation that tax payers will foot the bill if something goes wrong. Much about the government's nuclear spin has been fundamentally dishonest."
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Posted by bex — 7 January 2008 at 6:15pm
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See all updates about nuclear power.
Now here's a surprise: the government was being 'economic' with the truth when it promised that we, the taxpayers, wouldn't have to foot the extortionate bill for new nuclear power.
It turns out that we, the consumers, will be picking up our fair share.
Yep, the day after the papers reported a 15 per cent energy price hike, we're being told to brace ourselves for more hikes if the government succeeds in dragging us down the nuclear road.
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