Jim Pickard 🐋 Profile picture
Deputy Political Editor, Financial Times: Political Journalism team award 2019 (Corbyn’s Labour) & 2021 (Greensill Capital)

Sep 15, 2020, 5 tweets

Breaking:

Hitachi will tomorrow terminate plans for new nuclear power station at Wylfa in Anglesey - in yet another blow to the government's struggling nuclear programme

ft.com/content/1a079f…

One figure close to the project said on Tuesday that Hitachi was “totally quitting” in a sudden reversal.

“All hell is breaking loose. So much for their 100-year commitment,” the person said. “This is deeply dishonourable.”

it's the current splash on @FT website

ft.com/content/1a079f…

different take from @doug_parr who says state should stop propping up “dying industry”:

“nuclear power’s ever-rising costs overtook the ever-falling costs of renewables years ago, a new reactor now supplies electricity at more than double the price of a new offshore wind farm.”

whereas @ProspectUnion argues the move is a "serious blow" to UK's chances of hitting net zero:

“If we are remotely serious about hitting our carbon reduction targets as a country then we need to invest now in proven low carbon technologies, including new nuclear...."

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