No, because new nuclear power is a one-way track. We cannot decide in 10 or 15 years' time that it was a bad idea and we do not want it, because the companies that are now being asked to invest expect guarantees. They will not invest their money unless they know for certain that they will get a return, and if in 10 or 15 years' time that is not the right part of the required mix strategy, we will be lumbered—we will be stuck. They will expect a return over 40 or 50 years, so we will be buying into a technology that will give us no flexibility.
Energy Bill
Proceeding contribution from
Steve Webb
(Liberal Democrat)
in the House of Commons on Tuesday, 22 January 2008.
It occurred during Debate on bills on Energy Bill.
About this proceeding contribution
Reference
470 c1394-5 Session
2007-08Chamber / Committee
House of Commons chamberSubjects
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