Soon EDF will have to start the biggest, most complex and costliest nuclear decommissioning and radioactive waste management programme on earth, writes Paul Dorfman. But whereas Germany has set aside €38 billion to decommission 17 nuclear reactors, France has set aside only €23 billion to decommission its 58 reactors. When the real costs come in, they could easily bankrupt the company.
With the sixth anniversary of the Fukushima disaster falling tomorrow, nuclear lobbyists are arguing over solutions to the existential crisis facing nuclear power, writes Jim Green. Some favour a multinational consolidation of large conventional reactor designs, while others back technological innovation and 'small modular reactors'. But in truth, both approaches are doomed to failure.
The 2011 Fukushima catastrophe is an ongoing disaster whose end only gets more remote as time passes. The government is desperate to get evacuees back into their homes for the 2020 Tokyo Olympics, but the problems on the ground, and in the breached reactor vessels, are only getting more serious and costly, as unbelievable volumes of radiation contaminate land, air and ocean.
We must not let President Trump's vocal support for the US fossil economy eclipse the dismal record of his predecessors, writes Radek Stefanski. Under Clinton, Bush and Obama fossil fuels subsidies reached $170 billion per year, pushing up US emissions by some 11% - and that's the real problem we have to solve.
David Cameron's Conservative government did its best to kill off the UK's lowest-cost renewable energy technologies, onshore wind and solar. But in next week's budget, the Chancellor can put that right. Renewables are low carbon, quick to deploy, have low environmental impacts, and enjoy high public support, writes Ervin Bossanyi. It's time to give them a break!
They promote GMOs, defend toxic chemicals, and attack people who raise concerns about those products as 'anti-science'. But behind the slick 'astroturf' PR fronts lurk some very dubious funders: the same arch-conservative foundations that finance climate science denial. Stacy Malkan exposes the key players in the agribusiness and chemical industry propaganda wars.
With the world's leading nuclear corporations facing bankruptcy due to ever escalating costs, 'unconstructable' reactor designs and financing risks, there's an easy way to finance the UK's new nuclear power stations, writes David Toke: pin the cost onto taxpayers. As for schools, hospitals, pensions, housing, social care and other public services, who needs 'em?
Donald Trump's scheme to rebuild US infrastructure could be among the world's greatest ever financial heists, writes Pete Dolack. He has chosen the most expensive, anti-democratic way to do the job, through the mass privatization of priceless public assets - sticking users and taxpayers for exorbitant charges for decades to come, while banks and speculators reap the profits.
All but one of the candidates in next week's Copeland by-election are backing a massive new nuclear power station in the constituency that would cost us tens of billions of pounds. Only the Green Party's Jack Lenox is resisting the spin, hypocrisy and outright lies that his rivals have swallowed whole. Here he explains why this risky, unaffordable white elephant must be scrapped.
The main company due to build UK's 'flagship' nuclear power project at Moorside in Cumbria is on the ropes, writes Doug Parr, thanks to its multi-billion dollar nuclear losses on in the US. The obvious solution, (almost) all our politicians insist, is to ignore cheaper, faster, cleaner renewables, and make the taxpayer pick up the cost of yet another nuclear white elephant.
If there's one good thing about Trump, it's that he has put an end to the TPP and TTIP trade deals, right? Don't celebrate yet, writes Pete Dolack. There's another 'trade deal' waiting in the wings, TISA, and negotiators have been busy expanding its remit to include huge parts of TPP and TTIP, while giving free rein to the global behemoths of internet and finance to expand their monopolies.
The nuclear industry faces an uncertain future as the reactor building boom is struck by unexpected costs, serious technical problems, and long, expensive delays, writes Paul Brown. Meanwhile renewables like wind and solar are offering investors an enviable combination of falling cost, low risk, fast build times, predictable returns and minimal long term liabilities.
As the new year begins, the global clean energy transition is progressing much faster than most people realise, and is probably irreversible, writes Jeremy Leggett. President-elect Trump's prospects of revitalising the US coal industry, and giving the oil and gas industry the expansionist dream ticket it wants, are very low.
What kind of companies is the European Central Bank supporting by buying €46 billion of their bonds under its QE programme? Research by Corporate Europe Observatory reveals a strong preference for oil, gas, tar sands, dirty power generation, armaments, aviation, airports, car makers, motorways, luxury goods and gambling. Our sustainable be future be damned!
While the government is cutting vital public expenditure across the board there's one industry for which no costs are too great, writes Martin Forwood. The price of an 'evaporator' at the Sellafield nuclear complex is escalating towards £1 billion, while billions more of taxpayer finance are being lined up to finance cooling systems, power lines and transport links for the adjacent Moorside new-build nuclear power plant.
Nuclear giant EDF could be heading towards bankruptcy, writes Paul Brown, as it faces a perfect storm of under-estimated costs for decommissioning, waste disposal and Hinkley C. Meanwhile income from power sales is lagging behind costs, and 17 of its reactors are off-line for safety tests. Yet French and UK governments are turning a blind eye to the looming financial crisis.
The world's poorest and most vulnerable countries are doing their bit to promote the expansion of renewable energy. The least we can do in the developed world is to ensure the money in our bank account helps rather than hinders their efforts, writes JOE WARE
Next April the UK government proposes to increase taxes on self-consumed solar electricity installations on schools, offices, warehouses and factories by a whopping 6-8 times, write the STA and undersigned. This inexplicable move, which threatens a once thriving solar industry already on its knees, must be abandoned.
After two decades of neoliberalism, India's magnates and corporations are profiting as never before, writes Colin Todhunter. But the entire economic edifice is built on the dispossession of the poor, locked into debt servitude, and ever rising income inequality. Prime Minister Modi's latest move, 'demonetization', is yet another example of the state stealing from the poor to give to the obscenely rich.
With Trump denying climate change and threatening to reject the Paris Agreement, it's more important than ever for society to hold a firm ethical line, writes Chris Garrard. The last thing we need is our most revered museums and galleries muddying the water by courting the sponsorship of leading climate criminals.
Both Trump and Brexit can be explained by the failure of mainstream political elites to address the pain inflicted on ordinary citizens in the neoliberal era, write Helena Norberg-Hodge & Rupert Read. In the US and the UK, working class voters rightly rejected the corporate globalisation that has created so much poverty and insecurity. But the real solutions lie not in hatred, but relocalisation.
The organizers of tomorrow's International Monsanto Tribunal describe it as a 'moral trial', while the company dismisses it as a 'mock trial' and 'stunt'. The truth, writes Pete Dolack, is that it's about much more than this one company. On trial is the entire neoliberal system of 'free market' finance and monopoly capitalism.
International investors worth a collective $24 trillion have warned car manufacturers that they must 'get with the beat' on climate change, writes Terry Macalister. If car makers fail to shift to low emission models, they will face a large-scale sell-off of their shares.
The purported mission of the Cornell Alliance for Science is to explain the science underlying biotechnology and GMOs, writes Jonathan Latham. So with a debate on the issue taking place tomorrow, 5th October, on the Cornell campus, how come CAS can't find a single speaker prepared to defend their zealously pro-GM stance?