World's nuclear giants limp toward extinction
18 Apr 2017
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Sunset over the Sellafield power plant in Cumbria, near to where the new Moorside nuclear reactors would be built | Dom Crayford |
By PAUL BROWN | Any lingering hope that a worldwide nuclear power renaissance would contribute to combating climate change appears to have been dashed by US company Westinghouse, the largest provider of nuclear technology in the world, filing for bankruptcy, and the severe financial difficulties of its Japanese parent company, Toshiba.
After months of waiting, Toshiba still can not get its auditors to agree to its accounts. But it has gone ahead anyway and reported losses of nearly $5 billion for the eight months from April to December, in order to avoid being de-listed from the Japanese stock exchange.
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