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Westinghouse went bankrupt in 2017 [0] after major project mismanagement [1] that precipitated in federal felony indictments for its executives [2]. I think thi
by perihelions 4y ago
Westinghouse went bankrupt in 2017 [0] after major project mismanagement [1] that precipitated in federal felony indictments for its executives [2]. I think this is relevant background exposition that's missing from the CNBC writeup.
[0] https://news.ycombinator.com/item?id=13987046 https://news.ycombinator.com/item?id=13987046 ("Westinghouse Files for Bankruptcy, in Blow to Nuclear Power", 388 comments)
[1] https://en.wikipedia.org/wiki/Nukegate_scandal https://en.wikipedia.org/wiki/Nukegate_scandal
[2] https://www.justice.gov/usao-sc/pr/top-westinghouse-nuclear-executive-charged-conspiracy-fraud-16-count-federal-indictment https://www.justice.gov/usao-sc/pr/top-westinghouse-nuclear-...
- jollyllama 4y agoYep. Too little, too late.
- deleted 4y ago[deleted]
- arawde 4y agoAll of which occurred under the management of Toshiba, no? And Westinghouse is now owned by Cameco, as a more vertically-integrated uranium & nuclear company
- PaulHoule 4y agoThose problems came at a bad time for Toshiba as the Japanese government would not be interested in supporting a national champion in nuclear immediately after the Fukushima accident.
- arcticbull 4y agoThe Japanese are back on the nuclear horse, which is great because it remains the best horse we have. [1] [1] https://apnews.com/article/russia-ukraine-business-japan-climate-and-environment-02d0b9dfecc8cdc197d217b3029c5898# https://apnews.com/article/russia-ukraine-business-japan-cli...
- cinntaile 4y agoThere is no such thing as the best horse. It all depends on what goals you have and what conditions (geographical, economical, geopolitical,...) you are operating on, based off of that you can compare different energy sources to find the best one that fits that purpose.