Thursday, December 15, 2011

Bad news from Areva

French nuclear giant Areva suspends investment in sites

"French nuclear giant Areva said Tuesday it is suspending building work at several sites in France, Africa and the United States, one day after forecasting a 1.6 billion ($2.1 billion) euro loss."

France has been leading the way on continuing use of nuclear power in the world energy system;  this latest setback is not very promising.  Still, given China's nice words and slight bit of action in Durban, I think that the nuclearization of the Far East and India will continue apace.

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