TODAY. A new Waterloo defeat for France – a nuclear economic one.
Almost 200 years before Electricite de France (EDF) signed a nuclear contract with Britain, France got decisively beaten by England, in the battle of Waterloo. That defeat ended France’s attempts to dominate Europe.
Now in 2024, France is suffering a humiliating blow, because of that 2016 contract. In essence, EDF agreed to be solely responsible for cost overruns during construction of Britain’s Hinkley Point C nuclear power station.
To make matters worse, in 2022, the debt-laden EDF was fully nationalised by the French government, – which paid 9.7 billion euros to take on this burden. Back in 2016, the plant was meant to cost £18bn; it’s now headed to cost. £46bn .
Sacre bleu indeed!
France’s President Macron aims to make the nation the dominating nuclear industry power. Delusions of grandeur indeed. Apart from his grandiose plans for new fleets of big and little reactors, - around his neck is – as The Guardian puts it – a financial albatross that has only become heavier.
Electricite de France (EDF) DF a total basket case, weighed down by its 50 Billion pound nuclear turkey at Hinkley point
Jonathon Porritt, https://www.jonathonporritt.com/edf-a-total-basket-case-weighed-down-by-its-50-billion-nuclear-turkey-at-hinkley-point/ 25 Jan 24
EdF’s bosses must be thanking their lucky stars that President Macron decided to take complete control of EdF back in 2022. Otherwise, its latest announcements about further delays and cost increases for its new reactors at Hinkley Point would have sent any remaining investors running for the hills.
The scale of those announcements is staggering:
- The price tag for Hinkley Point C has now been reset at £31-34 billion (in 2015 prices), twice the original £18 billion.
- In today’s money, that’s around £46 billion – with further delays and cost hikes (rising to at least £50 billion) all but inevitable.
- EdF’s shortfall in completing Hinkley Point has risen substantially, and could now be as high as £25 billion on its balance sheet.
- EdF has admitted that 2029 is now the earliest Hinkley Point will come online. Fat chance of that.
Which makes Hinkley Point C even more of a bust than EdF’s current worst reactor construction nightmare at Flamanville in France. And significantly worse than its plant at Olkiluoto in Finland, which it just managed to get over the line last year.
So, watch out for the fallout.
Hinkley Point C was meant to be coming online in 2027. All neutral commentators now reckon 2031 (EdF’s so-called ”unfavourable scenario”) is the earliest that will happen. That’s a further four-year delay before its low-carbon electrons (providing 7% of the UK’s electricity) will be available to help the UK meet its various decarbonisation targets.
Add to that the knock-on impact of this on the Government’s/Labour’s hopes for a Hinkley Point look-alike (really!) at Sizewell C. The sales pitch to investors for that has now become even trickier than it was before: “Just look at this beautiful £50 billion turkey: another one just like it could be all yours at a bargain-basement price of, say, £40 billion”.
Which leads to the following conclusions:
EdF is even more screwed than it was before, deeper in debt, with further delays for rolling out its look-alike plant at Sizewell C now inevitable.- The Tory Government is screwed, with no chance of Hinkley Point C (let alone Sizewell C) making any serious short-term contribution to its decarbonisation strategy.
- Labour is screwed – for exactly the same reasons.
- The UK’s Net Zero strategy by 2050 looks less and less viable. And that will soon be tested, again, in the courts.
- All this because of the nuclear obsessions of the UK’s entire political establishment – Labour just as much as the Tories.
Happily, there’s no need to panic: the case for the “renewables + efficiency + storage + smart grids” option just got a whole lot stronger, both economically and politically. We just need the donkeys in Whitehall to give up on their nuclear turkeys. Finally!
It May be Genocide, But it Won’t Be Stopped
The ruling by the International Court of Justice was a legal victory for South Africa and the Palestinians, but it will not halt the slaughter.
SCHEERPOST, By Chris Hedges 26 Jan 24
The International Court of Justice (ICJ) refused to implement the most crucial demand made by South African jurists: “the State of Israel shall immediately suspend its military operations in and against Gaza.” But at the same time, it delivered a devastating blow to the foundational myth of Israel. Israel, which paints itself as eternally persecuted, has been credibly accused of committing genocide against Palestinians in Gaza. Palestinians are the victims, not the perpetrators, of the “crime of crimes.” A people, once in need of protection from genocide, are now potentially committing it. The court’s ruling questions the very raison d’être of the “Jewish State” and challenges the impunity Israel has enjoyed since its founding 75 years ago.
The ICJ ordered Israel to take six provisional measures to prevent acts of genocide, measures that will be very difficult if not impossible to fulfill if Israel continues its saturation bombing of Gaza and wholesale targeting of vital infrastructure.
The court called on Israel “to prevent and punish the direct and public incitement to commit genocide.” It demanded Israel “take immediate and effective measures to enable the provision of urgently needed basic services and humanitarian assistance.” It ordered Israel to protect Palestinian civilians. It called on Israel to protect the some 50,000 women giving birth in Gaza. It ordered Israel to take “effective measures to prevent the destruction and ensure the preservation of evidence related to allegations of acts within the scope of Article II and Article III of the Convention on the Prevention and Punishment of the Crime of Genocide against members of the Palestinian group in the Gaza Strip.”
The court ordered Israel to “take all measures within its power” to prevent the crimes which amount to genocide such as “killing, causing serious bodily and mental harm, inflicting on the group conditions of life calculated to bring about its physical destruction in whole or in part, and imposing measures intended to prevent births within the group.”
Israel was ordered to report back in one month to explain what it had done to implement the provisional measures.
Gaza was pounded with bombs, missiles and artillery shells as the ruling was read in The Hague — at least 183 Palestinians have been killed in the last 24 hours. Since Oct. 7, more than 26,000 Palestinians have been killed. Almost 65,000 have been wounded, according to the Palestinian Ministry of Health. Thousands more are missing. The carnage continues. This is the cold reality.
Translated into the vernacular, the court is saying Israel must feed and provide medical care for the victims, cease public statements advocating genocide, preserve evidence of genocide and stop killing Palestinian civilians. Come back and report in a month.
It is hard to see how these provisional measures can be achieved if the carnage in Gaza continues.
“Without a ceasefire, the order doesn’t actually work,” Naledi Pandor, South Africa’s minister of international relations, stated bluntly after the ruling.
Time is not on the side of the Palestinians. Thousands of Palestinians will die within a month. Palestinians in Gaza make up 80 percent of all the people facing famine or catastrophic hunger worldwide, according to the United Nations. The entire population of Gaza by early February is projected to lack sufficient food, with half a million people suffering from starvation, according to the Integrated Food Security Phase Classification, drawing on data from U.N. agencies and NGOs. The famine is engineered by Israel.
At best, the court — while it will not rule for a few years on whether Israel is
committing genocide — has given legal license to use the word “genocide” to describe what Israel is doing in Gaza. This is very significant, but it is not enough, given the humanitarian catastrophe in Gaza.
Israel has dropped almost 30,000 bombs and shells on Gaza — eight times more bombs than the U.S. dropped on Iraq during six years of war. It has used hundreds of 2,000-pound bombs to obliterate densely populated areas, including refugee camps. These “bunker buster” bombs have a kill radius of a thousand feet. The Israeli aerial assault is unlike anything seen since Vietnam. Gaza, only 20 miles long and five miles wide, is rapidly becoming, by design, uninhabitable.
Israel will no doubt continue its assault arguing that it is not in violation of the court’s directives. In addition, the Biden administration will undoubtedly veto the resolution at the Security Council demanding Israel implement the provisional measures. The General Assembly, if the Security Council does not endorse the measures, can vote again calling for a ceasefire, but has no power to enforce it.
Defense for Children International – Palestine v. Biden was filed in November by the Center for Constitutional Rights against President Joe Biden, Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin. The case challenges the U.S. government’s failure to prevent complicity in Israel’s unfolding genocide of the Palestinian people. It asks the court to order the Biden administration to cease diplomatic and military support and comply with its legal obligations under international and federal law.
The only active resistance to halt the Gaza genocide is provided by Yemen’s Red Sea blockade. ………………………………………………………………….
The ICJ was founded in 1945 following the Nazi Holocaust. The first case it heard was submitted to the court in 1947.
“Decisions that endanger the continued existence of the State of Israel must not be listened to,” Ben-Gvir added. “We must continue defeating the enemy until complete victory.”……………………………………………………
It is clear from the ruling that the court is fully aware of the magnitude of Israel’s crimes. This makes the decision not to call for the immediate suspension of Israeli military activity in and against Gaza all the more distressing.
But the court did deliver a devastating blow to the mystique Israel has used since its founding to carry out its settler colonial project against the indigenous inhabitants of historic Palestine. It made the word genocide, when applied to Israel, credible. https://scheerpost.com/2024/01/26/chris-hedges-it-may-be-genocide-but-it-wont-be-stopped/
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 