EDF: A Total Basket Case, Weighed Down By Its £50 Billion Nuclear Turkey At Hinkley Point.

FROM JONATHON PORRITT

Which leads to the following conclusions:

1. EdF is even more screwed than it was before, deeper in debt, with further delays for rolling out its look-alike plant at Sizewell C now inevitable.
2. The Tory Government is screwed, with no chance of Hinkley Point C (let alone Sizewell C) making any serious short-term contribution to its decarbonisation strategy.
3. Labour is screwed – for exactly the same reasons.
4. The UK’s Net Zero strategy by 2050 looks less and less viable. And that will soon be tested, again, in the courts.
5. All this because of the nuclear obsessions of the UK’s entire political establishment – Labour just as much as the Tories.

Happily, there’s no need to panic: the case for the “renewables + efficiency + storage + smart grids” option just got a whole lot stronger, both economically and politically. We just need the donkeys in Whitehall to give up on their nuclear turkeys. Finally!