The Toshiba fiasco should signal an end to outsourcing energy provision to rapacious transnationals

TOSHIBA’S winding up of its nuclear business and, as a consequence, breaking its agreement to build another nuclear power station in Moorside in Cumbria is a savage indictment of government energy policy.

Its profits-driven model of inviting transnational consortiums to bid for tenders on a piecemeal basis mimics its approach to our railways and shipbuilding industries — and with equally disastrous results.

Major projects require government guarantees, so it makes sense for...
source: Morning Star Online

2018-11-08 20:38
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