“Rotten” reactor design …..Hinkley C ….Areva’s shares plummet. Why persist with the nuclear nightmare? Is it for reasons other than electricity? Is it to continue producing the radionuclides necessary for nuclear weapons?
The giant French nuclear reactor manufacturer Areva is in serious trouble. According to several reports published today (here’s one from New York Times, here’s one from Reuters), publicly-traded shares in Areva dropped 15% yesterday. That plunge doesn’t in itself affect Areva as much as it would other companies, since only a small portion of Areva’s shares are publicly-traded–the French government owns 87% of the entity.
But that doesn’t make Areva’s troubles any less real. The company, which recently lost its CEO to health issues, warned yesterday that its outlook is uncertain and suspended its financial projections for both 2015 and 2016. That doesn’t bode well.
Areva’s problems are legion, but two huge missteps over the past decade continue to haunt the company.
The first was agreeing back…
View original post 943 more words