‘Illegal UK state aid’ probe hits nuclear plans | Climate News Network
▻http://www.climatenewsnetwork.net/2013/12/illegal-uk-state-aid-probe-hits-nuclear-plans
By Paul Brown
An EU investigation into the UK’s financial support for new nuclear power stations is dividing Europe, with critics saying London is flouting EU rules by offering illegal subsidies.
LONDON, 12 December – A full-scale investigation is being launched into whether Britain’s deal with French nuclear giant EDF, backed with money from Chinese nuclear generators, to build new stations at Hinkley Point in the west of England, is illegal state aid.
The investigation by the European Commission is a serious blow to the nuclear industry in Europe and across the western world, because it delays any expansion of the industry for at least a year and may possibly permanently damage its prospects.
