- if you lay down with dogs, you'll wake up with fleas
No one seems to want to touch the Hinckley Point Nukilar power station. Poodleville appears to be willing to accept out of date european technology which isn't even reliable.
Now EDF, which was supposed to provide two thirds of the £18bn funding, is now claiming it doesn't have the funds!
In other words, for the project to proceed, China would have to increase her exposure to this krappy project.
A £2bn guarantee has been offered which is too small.
It looks like Hinckley will never produce much income and that HUGE losses will be incurred. China will never get her money back. Remember, the Anglo has thieved, lied, cheated and genocided its way through its entire history. They declared Iceland a terrorist state in order to thieve assets that Iceland owned in the gangster-run, thieved prison-state of Poodleville. The poodle state is bankrupt, insolvent and desperate. It is engaged in a HUGE doggie death-spiral firesale of assets and looks likely to increase its aggregate taxsucker debt by over £400bn this fiscal year after having already "revised" previous years debt figures to accomodate these HUGE annual increases.
"U.K. Sees No Power `Black Hole' If EDF Scraps Nuclear Plan", state-run BBC
This is a big hint that the poodle state's Hinckley Point project is a boondoggle along the lines of helicopter money or Keynes's digging and filling of holes.
Another is the fraudulent subsidies paid to wind farms. Instead of paying them to make them profitable, they're paying them to switch off wind turbines. I've driven past turbines where some are turning and others are switched off. They've also been placed where there is the least wind.
Hostility to renewables is obvious, with laws blocking protests against fracking even if it's underneath your home, but protests against wind farms are encouraged, whilst the feed-in tariff for solar is decimated.
In other words, the lack of spare capacity is bogus and only used to justify Hinckley Point and other nukilar power plants being built..