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ARTICLE ARCHIVE

Wall Street

Unlike in the 1970s - when the nuclear industry became "the largest managerial disaster in business history" (according to Forbes magazine) - Wall Street is no longer prepared to underwrite new reactor construction and is looking to the U.S. taxpayer to take the risk and foot the bill.

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Entries from December 1, 2016 - December 31, 2016

Tuesday
Dec272016

Massive cost overruns and long construction delays plunge Toshiba-Westinghouse into "nuclear nightmare"

See Beyond Nuclear's posts and updates, including links to major business press coverage (Bloomberg, Reuters, Wall Street Journal, etc.), regarding Toshiba-Westinghouse Nuclear's loss of more than 40% of its share value in just a few short days, due to massive cost overruns, and long schedule delays, at new reactor construction projects in the U.S. (Vogtle 3 & 4 in GA, Summer 2 & 3 in SC) as well as China.

DateDecember 27, 2016 | Print ArticlePrint Article | |