Finland’s nuclear power push

The Finnish parliament today gave final approval for two new nuclear power reactors. The decision follows scandalous technical and financial problems in the Olkiluoto 3 reactor which is still under construction, and a process that overlooked many risks, procedural mistakes and economic facts. The Government managed to pressure the Parliament for a quick approval, in which many committees were not heard, and the number of specialists heard was limited due to the summer break.
 
Commenting on the decision, Green MEP Heidi Hautala (Finland) said:
 
“All the facts were speaking against nuclear power. In addition to this there were serious warning signals in the process. For example, there was a clear conflict of interest among high officials and no legal consequence. One may question whether this is against the right for good governance given to all EU citizens in the Lisbon treaty. The alliance of companies and political elite was confirmed earlier with the campaign financing scandals. It may even be that the nuclear package is one of the favours exchanged in the circles of the power elite.”
 
Green MEP Satu Hassi (Finland) added:
 
“The EU Commission is investigating one of the benefits given to the nuclear companies, namely the fact that power companies can sell electricity to their shareholders below market price. This in practice means reduced taxation for these companies. The electricity not needed by the shareholders can be sold by them to the markets with huge profits. No other industry sector has such a benefit. This is an incentive to invest in nuclear power in Finland.
 
Another subsidy to nuclear is the limited liability of nuclear companies; in case of a severe accident it is the taxpayers and the victims who bear the cost. The nuclear liability has not been updated. These subsidies give an unfair benefit to an energy model that is unsustainable, creates very few jobs and does not develop our own expertise in the green energy forms that are rapidly expanding in the world market.”
 
Rebecca Harms (Germay), chairperson of the Greens/EFA group in the European Parliament said:
 
“It is regrettable that the Finnish parliament does not trust modern  sustainable energy solutions. In recent years renewable energies have become a booming business in many countries. Furthermore, while other industries have struggled during the economic crisis, the renewable industry has continued to grow. The decision to invest in a high risk technology of the past instead of focusing on the new alternative energies of the future leaves Finland as a developing country in the energy sector. Even more worryingly, Finland will be exporting nuclear energy and will also have to take responsibility for the extra nuclear waste. This is a dangerous move, especially as there is no safe nuclear waste solution available at the moment - if ever.”

3 kommenttia

  1. Julkaistu 21/08/2010 kello 21:25 | Linkki merkintään

    The Finnish nuclear subsidy package for industry includes already at least
    -one milliard Euro zero or very low interest loans from the state nuclear waste fund (see accounts of TVO tvo.fi),
    -omitting collecting to the fund the full price of removal of outdated power stations (couple of milliard Euro?),
    -likely acceptance for cheap dumping the nuclear waste at Baltic sea coast in a cave which will not last ice ages but will deliver part of problem to future generations at the sea
    -the “Mankala” tax cheating, under EU-examination and accident liability on the cost of people, discussed above, are also huge economic subsidies.
    As the culture of EU is cheating on other’s cost, certainly this need to be allowed to Finnish forest industries (UPM, Stora Enso etc), metal/steel industries (Outokumpu, Rautaruukki), energy companies (Fortum, EON Finnish daughter)and others competing in EU market (Valio, S- and K-retail chains)owning TVO and Fennovoima.
    It is just a bit more fair competition for Finnish companies…

  2. Julkaistu 21/08/2010 kello 22:06 | Linkki merkintään

    Vast majority of Finnish people are against the parliament decissions and the nuclear companies will face consumer boycotts against the owner companies espcially in food, retail and energy sectors.
    http://www.mythbustersforum.com/viewforum.php?f=14
    Nuclear boycotts also in Sweden and Germany against EON and Fortum (and even the metal and forest companies), until the new nuclear stations plans are given up, could be of benefit for those nations with similar nuclear power/waste challenges.

    The Finnish nuclear companies are to make money only for the owners under the Finnish Mankala regulation, but in case of loosing profitability or accidents, these are poor heavily loan loaded companies and in risk of bankruptcy.
    Due to risks of the poor companies the loan interest rates of the nuclear companies should be rising, adding the already high profitability problems. But nuclear power is so sexy business, that possibly international bankers or French tax payers, would like once again take additional loan risks for Finnish nuclear fossiles.
    The nuclear liability discussion reveals that the owners of the nuclear companies will not have liability in case of problems.

  3. R Janatuinen
    Julkaistu 22/08/2010 kello 00:37 | Linkki merkintään

    Correct link to previous posting about Finnish discussions (above is lacking last zero)
    http://www.mythbustersforum.com/viewforum.php?f=140

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