Michael Liebreich: In 2016, I called for Hinkley C to be scrapped. Now its commissioning has been pushed back to the end of the decade and its costs have ballooned to as much as £48 billion in 2024 money. I was right. In the early 2000s, the nuclear industry, with French champion Areva in the lead (later driven into bankruptcy by cost overruns at Flamanville and Olkiluoto and rescued by EDF in 2017), announced a “Nuclear Renaissance” and was lobbying … read more »
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