Energy Net
Mike Fox had it all wrong in his Aug. 21 editorial. He repeated a lot of uranium industry propaganda, but apparently didn't do his research. So here's some information to help him further consider the issues.
First, nuclear power is many times more expensive than the alternatives. It's also riskier, and nuclear power plants take longer to build - at least 10 years, compared to 18 months for a wind farm.
This isn't just some wild environmentalist talk. The major financial agencies (Morgan Stanley, Merrill Lynch, etc.) won't invest in nuclear power because, they say, it has unique risks. Quoting their July 2007 letter to the federal Department of Energy - "We believe these risks, combined with the higher capital costs and longer construction schedules of nuclear plants as compared to other generation facilities, will make lenders unwilling at present to extend long-term credit to such projects in a form that would be commercially viable."
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