Siemens To Exit Nuclear Power Business

jones_supa wrote in with a link about the future of nuclear power in Germany. The story reads: "German industrial giant Siemens is turning the page on nuclear energy, the group's CEO Peter Löscher told the weekly Der Spiegel in an interview published on Sunday. The group's decision to withdraw from the nuclear industry reflects 'the very clear stance taken by Germany's society and political leadership.' Along with abandoning nuclear power, Germany wants to boost the share of the country's power needs generated by renewable energies to 35% by 2020 from 17% at present."

Comments

Re:Lessor of two evils...

[PopeRatzo]

Nuclear Technology is going to keep getting better and safer. So why abandon it now when it only gets better as our science and engineering gets better?

Science and engineering may be "getting better" (debatable) but corporate governance is certainly getting much much worse. As long as private industry is going to be involved in nuclear energy, it's only going to get more dangerous.

If you want to talk about nationalized nuclear plants, we might come to an accommodation. But privately-owned and operated plants? Never.