4 ms·
What would someone have to gain out of this? And who? The biggest barrier to nuclear power is the initial cost and time required to turn a profit.
by derekjdanserl 5y ago
What would someone have to gain out of this? And who? The biggest barrier to nuclear power is the initial cost and time required to turn a profit.
- rozab 5y agoSame people who killed Karen Silkwood, I guess.
- natmaka 5y agoIt also is the potential "phase-out chain reaction": after most accidents more nations begin a nuclear phase-out (closing plants before they could be profitable). Each accident also adds to the financial risk, for a nuclear investor, induced by a legal action against a nuclearized neighbor initiated by a non-nuclearized nation, claiming that it is unduly exposed to a risk. There also is a feedback loop there because more and more nations phasing it out reducing the market, to the point of more and more nuclear companies folding up. Areva, the French one, is bankrupt and consumed billions of euros. Westinghouse nuclear division was bought by Toshiba then filed for chapter 11. KEPCO (South Korea) is healthy and performs but the Korean gov plans a nuclear phase out. Siemens is out of this market for quite a while (due to Germany nuclear current phasing-out process). Most current and perceptible projects (there are less and less of them) are Russian (Rosatom) and set for non-democratic nations (this is IMHO related to the NIMBY effect and to cronyism).