Tuesday, March 21, 2017
Time to reject nuclear energy - Letters | The Star Online
…Cheap nuclear power is a myth. Forbes magazine has called it “the biggest managerial disaster in history.” As recently as May 2009, two financial reports in the business section of the New York Times highlighted the incredible economics of building a nuclear power plant. The reports revealed two fiascos involving the construction of a new reactor in Olkiluoto in Finland by the French company, Areva, and the virtual collapse of the once touted global flagship, Atomic Energy of Canada Limited. Both companies were overtaken by cost overruns amounting to billions of dollars caused by decades-long delays in completing construction schedules.