Hinkley Point nuclear fiasco spooks Hitachi boss

[bananas]

Source: Telegraph

Hitachi boss raises concerns about funding of its own Wylfa Newydd project with foreign secretary during visit to Japan

The head of Hitachi has warned that the debacle surrounding the construction of Hinkley Point nuclear plant throws up “very serious concerns” about its own investment in the UK.

Hiroaki Nakanishi, chairman and chief executive of the Japanese industrial giant, said the setbacks experienced by Hinkley’s developer EDF raised questions about how future plants including its Wylfa Newydd project are funded.

Hitachi’s subsidiary Horizon is planning to build a nuclear plant on Anglesey that is expected to start generating power by the mid-2020s.

In an interview with The Telegraph, Mr Nakanishi revealed that he had expressed concerns about the expected costs of the project with Philip Hammond during the Foreign Secretary’s visit to Japan this month.

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Read more: http://www.telegraph.co.uk/finance/newsbysector/energy/12128405/Hinkley-Point-nuclear-fiasco-spooks-Hitachi-boss.html

[truthisfreedom]

1. Why any nuke plants would ever be built again

Is beyond me. Solar, please. And wind. And geothermal. And wave.

[Taitertots]

3. Corporate greed

Corporations don't care if theyre building a machine that could cause a global catastrophe. The board of directors/owners are not liable for any of the damage, so they don't care.

[sulphurdunn]

2. Why would anyone build anything

capable of causing a catastrophic accident with global repercussions that you can't turn off? We seem to be facing the same mind set with deep drilling for gas and oil. The energy industry is doing such things and damn the consequences.

[Taitertots]

4. Corporations protect the people responsible for a catastrophe from any liability

Just thank the government for creating corporations and protecting their owners from liability for their mistakes.