Nuclear power should frighten investors who finally have to decommission and look after waste

Finland’s new nuclear power station (well still being built) is way behind timetable. These delays are adding to costs and so it is already overspent it’s original 2002 budget by 25 percent. France started a similar plant not long after and although dedicated nuclear power country it is leery of continuing costs.

Strange that neither company had considered the increasing cost of decommissioning a nuclear power station after its 20 odd year life. Well, the reason that Australia won’t go anything but storing other countries waste, is that it costs three times the amount to decommission a power station. And then there’s looking after the waste for 500,000 years. As the Americans know from their Washington state abortion the costs of trying to make waste stop leaking just go on and on (see Washington State website). So far they have stored waste there for sixty years (on the Columbia river) and they have never been without a leak or contamination of the river.

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