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Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"

 
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08/03/2012 09:24 PM
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Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Not so long ago, it used to be the opponents of nuclear generation who argued that the economics did not add up. Nowadays, at least one of the industry’s more influential proponents seems to agree.

In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.

[...]

Since Japan’s Fukushima disaster last year, understandably tighter safety regulations have increased the costs of reactor construction. Meanwhile, those of rival technologies are lower than expected. Gas-fired generation has become cheaper as shale gas has come on stream. Meanwhile, new technology has cut solar panel prices.

[...]

This may rule out a nuclear renaissance, as Mr Immelt’s words suggest: costs remain simply too high. For any renaissance to happen, the industry must reduce them – without sacrificing the need for safety so starkly illustrated by the Fukushima disaster.

[link to www.ft.com]

[link to enenews.com]
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Not so long ago, it used to be the opponents of nuclear generation who argued that the economics did not add up. Nowadays, at least one of the industry’s more influential proponents seems to agree.

In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.

[...]

Since Japan’s Fukushima disaster last year, understandably tighter safety regulations have increased the costs of reactor construction. Meanwhile, those of rival technologies are lower than expected. Gas-fired generation has become cheaper as shale gas has come on stream. Meanwhile, new technology has cut solar panel prices.

[...]

This may rule out a nuclear renaissance, as Mr Immelt’s words suggest: costs remain simply too high. For any renaissance to happen, the industry must reduce them – without sacrificing the need for safety so starkly illustrated by the Fukushima disaster.

[link to www.ft.com]

[link to enenews.com]
 Quoting: Anonymous Coward 17373305
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
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I'LL MAKE U A BELIEVER
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
SEE I BELIEVE IN GOD. THERE IS A CEO OF GE.
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08/04/2012 12:58 PM
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
SEE I BELIEVE IN GOD. THERE IS A CEO OF GE.
 Quoting: I'LL MAKE U A BELIEVER 1351603


gasp
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
This is just to prepare us for when O'bammy buys all the nuclear plants with our tax money and then taxes us more to keep them operating. Also could be a warning that our electric bills will take a drastic hike to keep GE comfortably rich. Either way....we take the reaming,as usual.
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Not so long ago, it used to be the opponents of nuclear generation who argued that the economics did not add up. Nowadays, at least one of the industry’s more influential proponents seems to agree.

In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.

[...]

Since Japan’s Fukushima disaster last year, understandably tighter safety regulations have increased the costs of reactor construction. Meanwhile, those of rival technologies are lower than expected. Gas-fired generation has become cheaper as shale gas has come on stream. Meanwhile, new technology has cut solar panel prices.

[...]

This may rule out a nuclear renaissance, as Mr Immelt’s words suggest: costs remain simply too high. For any renaissance to happen, the industry must reduce them – without sacrificing the need for safety so starkly illustrated by the Fukushima disaster.

[link to www.ft.com]

[link to enenews.com]
 Quoting: Anonymous Coward 17373305


Well, you have to look at who is saying this.

GE is big in turbines, but doesn't have a "Shovel ready" advanced reactor. Westinghouse is actually shipping and installing their advanced reactor.

I'm a fan of LFTR. The US Government should take the money it is flushing into Global Warming/Climate Change/Climate whatever funding and develop a Liquid Floride Thorium Reactor. The reactor has only about 2/3 the waste heat of a PWR (pressurize water reactor) and since it runs at atmospheric pressure most of the problems go away.


The reactor is just a steel tub full of liquid salt and fuel (the fuel is dissolved in the salt). If cooling fails the solution heats up and expands until it becomes subcritical (the reaction stops). Absolutely passive safe.

The reactor should be about half the cost of a PWR because 90% of the piping and safety systems don't exit. The reactor is a heavy tin can that can stand atmospheric pressure, not a 6-inch thick steel vessel that has to survive 2300 psi. A pressurized water reactor is a huge cylinder under the same pressure as a scuba tank.

Last Edited by Poriwoggu on 08/05/2012 08:56 PM
Poriwoggu
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Are we seriously too dumb to use the safer molten salt reactors and pebble bed type reactors. Not only safer and self regulating but produce much less WEAPONS grade refuse!!!
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08/05/2012 08:54 PM
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
What this means is that the Nuclear Age is over.

Because they have successfully tested the Superconducting Homopolar Dynamo's onboard the Air Craft Carriers and Destroyers.

Its clean power, but your gonna pay for it...
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
What this means is that the Nuclear Age is over.

Because they have successfully tested the Superconducting Homopolar Dynamo's onboard the Air Craft Carriers and Destroyers.

Its clean power, but your gonna pay for it...
 Quoting: Anonymous Coward 15740069


Doesn't Homopolar go under the Chik Fil A thread?
Poriwoggu
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
OH How as a GE stockholder since I was ten years old - OH HOW I WISH THEY HAD FIGURED OUT THE ECONOMIC REALITIES OF BUILDING AND SELLING NUCLEAR PLANTS BACK IN THE 1950's or 1960's. We wouldn't have the planet saddled with these monstrosities that we cannot control, are not safe, and in fact spew out a poison far worse than anything nature produces on her own as a BY PRODUCT of their generation of power.
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08/05/2012 09:11 PM
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
OH How as a GE stockholder since I was ten years old - OH HOW I WISH THEY HAD FIGURED OUT THE ECONOMIC REALITIES OF BUILDING AND SELLING NUCLEAR PLANTS BACK IN THE 1950's or 1960's. We wouldn't have the planet saddled with these monstrosities that we cannot control, are not safe, and in fact spew out a poison far worse than anything nature produces on her own as a BY PRODUCT of their generation of power.
 Quoting: MarkinAZ


MarkizAZ:

1. Laws have been written to make Nuclear power look unattractive. Much like Archer Daniel Midland was bribed to make ethanol.

2. How much has the radiation level in California changed?
About as much as if you stood on your roof.

3. Of course we can control power plants - that's what control rods are for.

4. What is this awful poison that you talk about?

Last Edited by Poriwoggu on 08/05/2012 09:11 PM
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Radioactive Oatmeal From Japan Turns Up in Hong Kong

Health officials in Hong Kong discovered low levels of Cesium in samples of oatmeal imported from Japan but have declared that there is no risk involved with consuming the product as the levels are not considered dangerous. Even if Hong Kong residents were to consume large amounts of the oatmeal, there would be no adverse effects, officials said, and so the suprmarket was not ordered to issue a recall.

[link to foodpoisoningbulletin.com]
 Quoting: Anonymous Coward 433293
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
300 radioactive Japanese cars stopped at Russian border

Customs officials have stopped 300 radioactive cars from getting into Russia from Japan since the Fukushima nuclear disaster last year, as part of an ongoing monitoring operation.
­"We have inspected 150,000 vehicles as part of this monitoring mission. Three hundred units that have been seized indicated a level of radioactivity,” said Gennady Onishchenko, the head of Russia’s consumer rights watchdog.

After the Fukushima Daichi nuclear disaster in March 2011, the Russian government has implemented a monitoring mission whereby all imports from Japan, including food and consumer goods, are checked for radioactive contamination.

[link to www.rt.com]
 Quoting: Anonymous Coward 433293
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
2/6/2012 (2:31pm): A new milk sample has been measured, this one with a best-by date of 2/16/2012. The results are posted to the milk sample page. Low levels of both Cs-134 and Cs-137 were still detected in the sample.
Best Buy Date of 02/16/2012

Cs-134 @ 0.052 Bq/L
Cs-137 @ 0.115 Bq/L
0.167 Bq/L of radioactive cesium = 4.526 picocuries/L (1 Bq = 27.1 picocuries)

The EPA Maximum Contaminant Level for radioactive cesium in milk is 3 picocuries/L:

“EPA lumps these gamma and beta emitters together under one collective MCL [Maximum Contaminant Level], so if you’re seeing cesium-137 in your milk or water, the MCL is 3.0 picocuries per liter; if you’re seeing iodine-131, the MCL is 3.0; if you’re seeing cesium-137 and iodine-131, the MCL is still 3.0.” -Forbes.com

[link to www.forbes.com]

Highest cesium levels since at least August 2011 (Since the MDA was higher over the summer, it’s hard to be sure of the exact levels back then):

[link to www.nuc.berkeley.edu]

[link to enenews.com]
 Quoting: Anonymous Coward 10286495


Thread: Just In: Highest level of radioactive cesium in San Francisco-area milk since August 2011 — Now at 150% of EPA’s maximum contaminant limit
 Quoting: Anonymous Coward 433293
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
LONG BEACH, Calif. – Kelp off Southern California was contaminated with short-lived radioisotopes a month after Japan’s Fukushima accident, a sign that the spilled radiation reached the state’s urban coastline, according to a new scientific study.

Scientists from California State University, Long Beach tested giant kelp collected in the ocean off Orange County and other locations after the March, 2011 accident, and detected radioactive iodine, which was released from the damaged nuclear reactor.

[link to www.scientificamerican.com]
 Quoting: Anonymous Coward 4888817


Thread: Radioactive Iodine from Fukushima Found in California Kelp
 Quoting: Anonymous Coward 433293
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
High levels of radiation from the Fukushima Daiichi nuclear disaster reached Pacific shores just days after the catastrophe occurred, according to a recent study published in the journal Environmental Science & Technology. Tests conducted on samples of Macrocystis pyrifera, also known as Giant kelp, revealed the presence of radioactive iodine-131 at levels 500 percent higher in Southern California than in any other area of the country tested.

Based on data collected from several different test sites, researchers from the California State University, Long Beach (CSULB) Department of Biological Sciences learned that the highest levels of radioactive contamination from Fukushima occurred in Central and Southern California. But the worst contamination of all, at least as far as iodine-131 is concerned, was found at Southern California's Corona Del Mar beach.

According to the figures, samples of Giant kelp pulled from the Santa Cruz area revealed 2.0 becquerels per gram dry weight (Bq/gdwt) of radioactive iodine-131, which can also be written as 2,000 becquerels per kilogram (Bq/kg) of radiation. At Corona Del Mar, however, levels of radioactive iodine-131 were discovered at 2.5 Bq/gdwt, or 2,500 Bq/kg.

The U.S. Environmental Protection Agency (EPA)'s established maximum contaminant level (MCL) for radioactive iodine-131 in milk is a mere 170 Bq/kg. This is the same maximum level established by the U.S. Food and Drug Administration (FDA) for radioactive iodine-131 in food.


More at link:
[link to www.naturalnews.com]
 Quoting: BringOnTheDoom


Thread: Southern California seaweed tests over 500 percent higher for radioactive iodine-131 than anywhere else in US
 Quoting: Anonymous Coward 433293
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
At 4:45 in

Paul Gunter, Beyond Nuclear: …Migrating bliefin tuna that spawn off the coast of Japan and feed off the coast of California, where they’re also part of a commercial fishing operation, each time they go back and forth across [the ocean] they pick up more and more cesium-137 and this will go on for 300 to 600 years.


 Quoting: Anonymous Coward 18284801
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Thread: Radioactive tea voluntarily surrendered to Hong Kong authorities — 196 Bq/kg of cesium, almost double Japan’s limit
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Thread: Extremely radioactive sample from Tokyo air filter — 150 times more uranium than expected — “This is from Fukushima”

Thread: BREAKING: Japan TEPCO utility gets $12.8 billion Fukushima bailout

Thread: EXPERTS WARNING - FATE OF THE WORLD depends on Japan’s Fukushima Reactor 4

Thread: Gundersen on Fukushima Contamination in US: You need to be careful about what’s on your feet, especially for West Coast

Thread: Gundersen: Move south of equator if Unit 4 fuel pool goes dry — Like cesium from all 800 nuclear bombs ever dropped on Earth, except all at once

Thread: Just Just In* Head of internal medicine at Japan hospital ‘astonished’ by Fukushima thyroid exams —
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
OH How as a GE stockholder since I was ten years old - OH HOW I WISH THEY HAD FIGURED OUT THE ECONOMIC REALITIES OF BUILDING AND SELLING NUCLEAR PLANTS BACK IN THE 1950's or 1960's. We wouldn't have the planet saddled with these monstrosities that we cannot control, are not safe, and in fact spew out a poison far worse than anything nature produces on her own as a BY PRODUCT of their generation of power.
 Quoting: MarkinAZ


MarkizAZ:

1. Laws have been written to make Nuclear power look unattractive. Much like Archer Daniel Midland was bribed to make ethanol.

2. How much has the radiation level in California changed?
About as much as if you stood on your roof.

3. Of course we can control power plants - that's what control rods are for.

4. What is this awful poison that you talk about?
 Quoting: Poriwoggu


L.A. Rain Radiation Over Five Times Normal



Highest Radiation in L.A. Air Yet



A Whole HEPA Trouble #2
Children of the Atom

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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Not so long ago, it used to be the opponents of nuclear generation who argued that the economics did not add up. Nowadays, at least one of the industry’s more influential proponents seems to agree.

In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.

[...]

Since Japan’s Fukushima disaster last year, understandably tighter safety regulations have increased the costs of reactor construction. Meanwhile, those of rival technologies are lower than expected. Gas-fired generation has become cheaper as shale gas has come on stream. Meanwhile, new technology has cut solar panel prices.

[...]

This may rule out a nuclear renaissance, as Mr Immelt’s words suggest: costs remain simply too high. For any renaissance to happen, the industry must reduce them – without sacrificing the need for safety so starkly illustrated by the Fukushima disaster.

[link to www.ft.com]

[link to enenews.com]
 Quoting: Anonymous Coward 17373305


Well, you have to look at who is saying this.

GE is big in turbines, but doesn't have a "Shovel ready" advanced reactor. Westinghouse is actually shipping and installing their advanced reactor.

I'm a fan of LFTR. The US Government should take the money it is flushing into Global Warming/Climate Change/Climate whatever funding and develop a Liquid Floride Thorium Reactor. The reactor has only about 2/3 the waste heat of a PWR (pressurize water reactor) and since it runs at atmospheric pressure most of the problems go away.


The reactor is just a steel tub full of liquid salt and fuel (the fuel is dissolved in the salt). If cooling fails the solution heats up and expands until it becomes subcritical (the reaction stops). Absolutely passive safe.

The reactor should be about half the cost of a PWR because 90% of the piping and safety systems don't exit. The reactor is a heavy tin can that can stand atmospheric pressure, not a 6-inch thick steel vessel that has to survive 2300 psi. A pressurized water reactor is a huge cylinder under the same pressure as a scuba tank.
 Quoting: Poriwoggu


I don't believe nuclear power is meant for our cycle. I do believe that with the forthcoming of whatever is to take place that creates a new world, such ideas as 'strict' nuclear could be feasible.

I agree with a lot of what you said but the main point I would like to make is that nuclear fuel is probably really only useful in space :)

byebye
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08/05/2012 10:30 PM
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Not so long ago, it used to be the opponents of nuclear generation who argued that the economics did not add up. Nowadays, at least one of the industry’s more influential proponents seems to agree.

In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.

[...]

Since Japan’s Fukushima disaster last year, understandably tighter safety regulations have increased the costs of reactor construction. Meanwhile, those of rival technologies are lower than expected. Gas-fired generation has become cheaper as shale gas has come on stream. Meanwhile, new technology has cut solar panel prices.

[...]

This may rule out a nuclear renaissance, as Mr Immelt’s words suggest: costs remain simply too high. For any renaissance to happen, the industry must reduce them – without sacrificing the need for safety so starkly illustrated by the Fukushima disaster.

[link to www.ft.com]

[link to enenews.com]
 Quoting: Anonymous Coward 17373305


He's right. No insurance company wants to insure nuclear power unless some safer means are developed where safety is assured all the time and the risks reduced completely. Sadly, for that to happen and the insurance companies to realize that nuclear energy can be safe, it requires someone to take a huge leap and build one, to prove to these guys that it can be done, cheaply, safely and easily.
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
SNIP:
"The Japanese operator of the nuclear power plant devastated in last year's disasters received a 1 trillion yen ($12.8 billion) bailout Tuesday, putting it under government ownership."

SNIP:
"A series of investigation reports, including one released earlier this month by a government-appointed panel, criticized cozy relationships among the government, regulators and TEPCO. The reports also blamed TEPCO for underestimating the tsunami risk faced by the Fukushima Dai-ichi plant despite a history of quakes in the region."

[link to www.kcby.com]

:number 4:

So now the japan government owns this Fukushima mess ?
 Quoting: Liquid_Pestilence


Thread: BREAKING: Japan TEPCO utility gets $12.8 billion Fukushima bailout
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TOKYO — Japan’s prosecutors officially began investigating Tokyo Electric Power Company (TEPCO) and its former top executives on criminal charges today in relation to the nuclear meltdown at Fukushima following last year’s March 11 earthquake and tsunami.

TEPCO was formally nationalized yesterday, July 31, after a trillion yen government cash infusion. This recent turn of events coud be very bad news for the remaining executives. Most criminal sentences in Japan also include hard labor as punishment.

The responsibility for the accident at TEPCO’s Fukushima Daichi Nuclear Power Plant has been a point of contention for over a year but an unprecedented special investigatory body created by the Japanese Parliament, the Fukushima Nuclear Accident Independent Investigation Commission (NAIIC) released a report that put the blame squarely on the shoulders of TEPCO and the Japanese government. It concluded: “the accident was the result of collusion between the government, the regulators and TEPCO, and the lack of governance by said parties. They effectively betrayed the nation’s right to be safe from nuclear accidents.” The report also said that the possibility an earthquake played a major role in the meltdown, long before the allegedly “unprecedented” tsunami knocked out power supplies could not be ruled out.

[link to fukushima-diary.com]
 Quoting: Mordier L'eft


Thread: Prosecutors Have Opened a Criminal Investigation of the Fukushima Disaster
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
Nearly all of France is powered by Nuclear, and it is the largest exporter of electricity in the world:
[link to en.wikipedia.org]
In his book, "Between Two Ages," Brzezinski wrote: "The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values."

MuzzleBreak
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Re: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
A nuclear power phase-out is the discontinuation of usage of nuclear power for energy production. Often initiated because of concerns about nuclear power, phase-outs usually include shutting down nuclear power plants and looking towards renewable energy and other fuels.

Austria was the first country to begin a phase-out (in 1978) and has been followed by Sweden (1980), Italy (1987), Belgium (1999), and Germany (2000). Austria and Spain have gone as far as to enact laws not to build new nuclear power stations. Several other European countries have debated phase-outs.

Following the March 2011 Fukushima nuclear disaster, Germany has permanently shut down eight of its reactors and pledged to close the rest by 2022. The Italians have voted overwhelmingly to keep their country non-nuclear Switzerland and Spain have banned the construction of new reactors. Japan’s prime minster has called for a dramatic reduction in Japan’s reliance on nuclear power. Taiwan’s president did the same. Mexico has sidelined construction of 10 reactors in favor of developing natural-gas-fired plants. Belgium is considering phasing out its nuclear plants, perhaps as early as 2015.

As of November 2011, countries such as Australia, Austria, Denmark, Greece, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Portugal, Israel, Malaysia, New Zealand, and Norway remain opposed to nuclear power.

[link to en.wikipedia.org]





GLP