Radioactive decay

“Westinghouse and its parent Toshiba are in crisis because of massive cost overruns building four ‘AP1000’ nuclear power reactors in the southern US states of Georgia and South Carolina. … Toshiba says Westinghouse had debts totalling US$9.8 billion. …
Westinghouse is the major member of the Nugen consortium that’s set to build a massive three-reactor AP1000 nuclear complex at Moorside in the UK, next to the Sellafield site. The company has already stated that while it intends to progress the project through planning stages, it is unable to take on financing or construction and intends to sell its share.
Nugen’s other member, the French energy company Engie (formerly GDF Suez) has also gone on record as wanting to extricate itself from the Moorside project in favour of the ‘new energy’ economy based on renewable, storage and smart grid technologies. …
The UK’s Office of Nuclear Regulation (ONR) today – with impeccable timing – accepted the AP1000 design as “suitable for construction in the UK” and issued Westinghouse a Design Acceptance Certificate.” http://www.theecologist.org/News/news_round_up/2988820/toshibas_nuclear_flagship_goes_bust_after_10_billion_losses.html

The UK government still hopes to save the nuclear industry by unveiling miracle cutting edge technology that uses radioactive heavy ironium.

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