Nuclear Piranhas Eat Their Own

We already know that the nuclear industry is quite comfortable colluding with governments to deceive the public or spying on environmental groups so that senior executives are sent to jail or lying to regulators to cover up radioactive leaks that are contaminating groundwater.

So, it should come as very little surprise that the nuclear industry has the same 'flexible' view on ethics, legality and basic decency when dealing with its own people. In fact, not even the CEO of France's nuclear giant, Areva, was safe: the Financial Times has recently revealed a catalogue of incompetence, espionage and massive financial failure (follow-up article) swirling around the French nuclear industry:

Areva purchased a uranium mine for €1.8 billion that was valued at only €1.4 million two years earlier

after purchase of the mine it became apparent that it contained a fraction of the uranium deposits that the Areva board believed

a senior Areva executive was exposed as having hired a Swiss private investigation firm to spy on then Areva CEO, Anne Lauvergeon (known as 'Atomic Anne' in France)

Lauvergeon alleges that her husband's phone was hacked as part of this and is now starting legal proceedings

the web of intrigue goes as high as the president of France, Sarkozy, who became personally involved when he forced Lauvergeon out and installed a friend of his, Henri Proglio who also happens to be CEO of EDF, one of the largest energy companies in France and the UK

Areva have now written off almost €2 billion as a result of the failed uranium mine purchase, amid accusations of fraud - although no evidence for this has been revealed so far

This debacle is piled on top of the disastrous nuclear projects that are unravelling in Olkiluoto, Finland and Flamanville, France where Areva are trying to build their new "Nuclear Renaissance" power plants.

It all paints a picture of a desperate industry in turmoil as nuclear power continues its long-term trend of global decline, with the IEA reporting that nuclear is down 10% year-on-year as renewable energy climbs 24%. Given that the industry operates more like a crime syndicate than a legitimate business, it is a little difficult to feel any sympathy.

Along with flying atomic cars and glittering cities on the Moon, the claims of "unlimited, clean and safe energy" that is "too cheap to meter" that the nuclear lobby began promising in the 1950s have been utterly discredited. Let's hope that the nuclear piranhas continue eating their own and finish themselves off quickly so that the planet can focus its full resources on deploying clean, safe and truly sustainable renewable energy in order to mitigate the worst of climate change.


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BlueRock
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Guest Bacomer

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I just want to say that I agree with this story. Nuclear power companies have been deceiving everyone by saying that nuclear power is the "cleanest" form of enery out there. I ask what about solar wind, solar power from the sun, magnetic energy?

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Guest matt private investigator

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Its true that the energy forms you mentioned are much more cleaner and greener than nuclear, but on its own there is no way they would be able to take on the usage of the whole nation, the national grid would never be able to rely soley on these renewable sources just yet

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