Control,Historic Pitfalls,and the UK Nuclear Renaissance |
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Authors: | Barry Pemberton |
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Affiliation: | Independent Researcher, Wantage, United Kingdom |
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Abstract: | In September 2015, the UK government announced that future taxpayers will underwrite the construction of two European-designed nuclear reactors at Hinkley Point in Somerset. Partly financed by Chinese utility companies, this announcement presents a fait accompli with little democratic input. Few, if any, historic lessons evident from previous attempts to manage its nuclear industry appear to have been learnt. This paper discusses the announcement with reference to the governance of the UK’s historic nuclear legacy—specifically dealing with control, stakeholder engagement, and transparency—and its implications for a nuclear renaissance. |
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Keywords: | Control corporate governance Hinkley Point C nuclear industry stakeholders transparency |
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