Home > Press releases > 2002
09 Sep 2002
British Energy has been given a £410 million loan by the British
Government.
Commenting, Bryony Worthington, nuclear campaigner at Friends of the
Earth said:
“It’s outrageous. The Government should have
allowed British Energy to go into administration rather than bailing
it out with a loan. With a market value of just £404
million and existing debts of around £850 million no commercial
lender would have lent this incompetent company any more money.
Yet we the taxpayers are being asked to carry the risk.”
“This financial fiasco must force the Government
to realise the folly of building new nuclear power stations.
They are uneconomic, unsafe and deeply unpopular
and are not needed to combat climate change. Nuclear power should be
phased out and replaced with clean, safe and renewable
forms of energy.”
Contact details:
Friends of the Earth
26-28 Underwood St.
LONDON
N1 7JQ
Tel: 020 7490 1555
Fax: 020 7490 0881
Web: www.foe.co.uk/feedback.html
Media team
