France has reportedly opened an investigation into an activity of its oldest power plant, Fessenheim, after Greenpeace reported that the reactor has numerous abnormalities and is endangering people’s lives. The investigation was launched by the Paris Prosecutor’s office, AFP reported on Monday evening, citing judicial sources. The Fessenheim power plant is in the Haut-Rhin department in Alsace, eastern France, near the German and Swiss borders. The plant’s activity is endangering the lives of people and it has equipment which doesn’t fulfill the requirements of safety, according to the AFP report.
Russia Today 6th Dec 2016 read more »
Nuclear giant EDF could be heading towards bankruptcy, yet the French and UK governments are turning a blind eye to the looming financial crisis. The liabilities of Électricité de France (EDF) − the biggest electricity supplier in Europe, with 39 million customers − are increasing so fast that they will soon exceed its assets, according to a report by an independent equity research company. Bankruptcy for EDF seems inevitable − and if such a vast empire in any other line of business seemed to be in such serious financial trouble, there would be near-panic in the workforce and in governments at the subsequent political fall-out. But it seems that the nuclear-dominated EDF group is considered too big to be allowed to fail. So, to keep the lights on in western Europe, the company will have to be bailed out by the taxpayers of France and the UK.
Eco Business 6th Dec 2016 read more »