Bad news from Britain. Let’s hope U.S. NRC doesn’t take this as a precedent.

The Telegraph, today, Chinese companies to buy big stake in next generation of British nuclear power,

George Osborne, the Chancellor, has announced that the UK will allow Chinese companies to take a stake in British nuclear power plants.

The decision could lead to China taking a future majority stake—and even be allowed to own up to 100 pc—in the development of the next generation of British nuclear power.

Mr Osborne made the announcement on Thursday the last day of a week-long trade visit to China after a visit to Taishan nuclear power station on the coast near Hong Kong.

Taishan is a collaboration between French energy company EDF and the China General Nuclear Power Company.

EDF is at the heart of UK Government Continue reading →