Saturday February 11th 2012         |       40 years of foresight, insight and integrity

The Catastrophic Economics of Nuclear Power

By Harvey Wasserman
Counterpunch
May 29-31, 2009

In a devastating pair of financial reports that might be called “The Emperor Has No Pressure Vessel,” the New York Times has blazed new light on the catastrophic economics of atomic power.

The two Business Section specials cover the fiasco of new French construction at Okiluoto, Finland, and the virtual collapse of Atomic Energy of Canada. In a sane world they could comprise an epitaph for the “Peaceful Atom”. But they come
simultaneous with Republican demands for up to $700 billion or more in new reactor construction. Read more…

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