January 03, 2008
Brits and nukes.
UK seen giving green light to new nuclear plants
LONDON (Reuters)--Britain is expected to give the go-ahead to a new generation of nuclear power stations next week, sparking a frenzy of deal-making by nuclear firms as well as a fresh challenge from environmental campaigners.
"I don't think the government has any other option," said analyst David Cunningham at Arbuthnot Securities. "It's a necessary evil."
Nuclear operators say they could have new plants running by 2017, helping Britain to meet its 2020 goals for combating climate change.
The government green light, expected on Tuesday, is likely to be accompanied by publication of an Energy Bill to be fast-tracked through parliament alongside the Climate Change Bill and the Planning Bill. [more]
Posted by JD Hull at January 3, 2008 11:59 PM