Europe's nuclear giants are close to collapse

Reuters is reporting that the planned new nuclear construction project at Hinkley, Somerset in the UK could still be scrapped. The French project is now looking at funding from Saudi Arabia and China. The British government has agreed to vast subsidies raising the ire of the British public. No final decision to greenlight the project has yet been taken. The prototypes for the EPR reactor design planned for Hinkley -- in Finland and France -- have proven disastrous. Costs continue to sore, delays mount and in-fighting and the blame game characterize the business partnerships.

Steve Thomas, professor of energy policy at the University of Greenwich, London, said: “The [Hinkley] project is at very serious risk of collapse." More.