Futures Forum: Devolution for Devon and Somerset? >>> District Council to give Leader 'delegated authority to sign Devolution Bid' at extraordinary council meeting: Thursday 28th January
This bid is largely based on the promise of 'business opportunities' around the proposed nuclear power station at Hinkley Point in Somerset:
Futures Forum: Devolution for Devon and Somerset? >>> of Local Enterprise Partnerships, 'opportunites for East Devon' and 'competing for crumbs at Hinkley Point'.
This, say some commentators, would be at the expense of renewable technologies:
Futures Forum: Devolution for Devon and Somerset? >>> nuclear vs solar >>> centralism vs localism
However, the BBC has just reported that the deal may be off for the moment:
Decision on new nuclear power plant 'delayed'
Decision on new nuclear power plant 'delayed' - BBC News
From 'Les Echos':
Enfin, EDF lâche 2,08% à 11,74 euros. L’électricien doit réunir un conseil d’administration ce mercredi au cours duquel il ne devrait faire qu’un « point d’information » sur le projet de construction de deux EPR à Hinkley Point, en Grande Bretagne, rapportent Les Echos. Selon le quotidien, EDF peine à boucler le financement de ce projet de 18 milliards de livres.
Les marchés freinés par les résultats et le brut, Actualité des marchés - Investir-Les Echos Bourse
EXCLUSIF - Le projet de 18 milliards de livres pèse trop lourd pour l’électricien public, qui doit en prendre 66,5 %. L’électricien met la pression sur son actionnaire, l’Etat.
EPR anglais : EDF peine à boucler son plan de financement, Énergie - Environnement
EDF postpone Hinkley decision - Greenpeace reaction
26 January, 2016
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According to the French newspaper, Les Echos, and Greenpeace sources, the board meeting to decide whether to invest in Hinkley Power Station has been postponed.
John Sauven, Greenpeace Executive Director said:
“The EDF board is clearly rattled as they delay yet again this crucial investment decision. It could well signal curtains for Hinkley. EDF managers as well as employee representativeson the board are deeply concerned this project is too risky and too expensive. George Osborne is almost alone in defending Hinkley’s honour. But he is pushing the project forward regardless of the eye watering expense for consumers and regardless of the fact that this reactor design, despite three attempts in Europe and China, doesn’t work. All three projects are massively delayed and hugely over budget. There isn’t a shred of evidence that it’ll be fourth time lucky in Somerset. The UK government needs to join the 21st century and start backing the renewable technologies that are proven to work, are cheaper than nuclear power, create jobs in the UK and contribute to the fight against climate change.”