Slashdot Mirror
Toshiba to Pay $5.4 Billion for Westinghouse
Philip writes "Business electronics firm Toshiba is bidding for 100% control of Westinghouse - famous for making blenders and LCD televisions, but principally in the business of building nuclear reactors. 'By 2020 the market for nuclear power generation is expected to grow 50 percent compared to 2005,' Toshiba CEO Nishida said at a London news conference. 'Toshiba is responding to this challenge by acquiring Westinghouse.'"
Perhaps, the main burden preventing new plants in the US is the unsurmountable amounts of red-tape imposed by the Greenpeace-influenced electorate and politicians?
I'm in agreement with you about the boneheaded reaction of the environmental movement to nuclear. But don't you think the oil and coal industries might not have something to do with anti-nuclear legislation as well? Bush and the Republican congress has had six years to wipe away regulations against new nuclear power plants, yet they still exist. Why is that, you think? They've wiped away a whole lot more, like the governments of two nations and our national surplus. Can't they remove a few regulations that are supposedly only supported by a few wacko left wing environmentalists?