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REAL WORLD EVENT DISCUSSIONS
GE head says nuclear power "really hard" to defend financially
Monday, August 6, 2012 3:48 AM
I believe in solving problems, not sharing them.
Quote:In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.
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