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Nuclear energy was never cheap, it was always heavily subsidized. Just ask Joe Kaeser the former CEO of Siemens. He said no nuclear power plant was ever profit
by croes 2y ago
Nuclear energy was never cheap, it was always heavily subsidized. Just ask Joe Kaeser the former CEO of Siemens.
He said no nuclear power plant was ever profitable
- Mawr 2y agoProfit is tied to the subsidies, so that statement by the CEO is meaningless. When you say nuclear was never cheap, what are you comparing it to? The impossible to compete with subsidization of coal plants? How can you compete with plants that are allowed to dump toxic radioactive waste into the atmosphere that kills hundreds of thousands annually, but your plants have to go through regulatory hell to prove they're 99.99999999% safe before even being approved?
- croes 2y agoCheap isn’t a comparison. If you include the negative side effects coal isn’t cheap either.