That the finance director chose to quit shows he must have judged the project so risky it could sink the French energy firmHallelujah,at last somebody close to Hinkley Point farce can see that the £18bn nuclear adventure makes no sense. EDF’s finance director has quit rather than be associated with a project that – we must assume – he judges so financially risky that it could sink the French energy firm. Last week, the official line from the Anglo-French summit maintained that “major progress” was being made in getting Hinkley towards sign-off. The reality, or we can now see,is that there has been a major row and EDF remains mired in confusion.
The good news is that Thomas Piquemal’s resignation should oblige the governments of France and the UK to acknowledge the uncomfortable fact approximately Hinkley that, until now, and they have preferred to brush absent. It’s simple: EDF’s nuclear technology for Hinkley hasn’t been proven to work. Until it can be shown to be reliable,there will always be a fabric risk that the Somerset project becomes a catastrophe for both buyer and supplier.
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Source: theguardian.com