. . . . . Areva, France's nationally-owned corporate atomic façade, has plunged into a deep financial crisis led by a devastating shortage of cash.
Electricite de France, the French national utility, has been raided by European Union officials charging that its price-fixing may be undermining competition throughout the continent.
Delays and cost overruns continue to escalate at Areva's catastrophic Olkiluoto reactor construction project in Finland. Areva has admitted to a $2.2 billion, or 55%, cost increase in the Finnish building site after three and a half years. The Flamanville project---the only one now being built in France---is already over $1 billion more expensive than projected after a single year under construction.
. . . . .ON TOP OF ALL THIS NEWS THE PROVINCE OF ONTARIO,CANADA,STILL PLANS ON CONSTRUCTING 2 ADDITIONAL NUCLEAR REACTORS AT DARLINGTON,A TOWN EAST OF TORONTO.IN SPITE OF THE HUGE GROWING PROTESTS THAT ARE CONTINUALLY GOING ON IN THE PROVINCE. . . .(note:areva,atomic energy of canada,and westinghouse are the 3 companies allowed to bid on this $26,000,000,000.00 project) . . .. . ACCORDING TO MEDIA REPORTS THIS IS SUPPOSED TO CURE THE HIGH UNEMPLOYMENT IN ONTARIO DUE TO LOST AUTO MAKING JOBS . . . THE ENVIRONMENTAL CONSEQUENCES OF THIS NUCLEAR INDUSTRY BAILOUT IS HORRIFIC AND MUST BE OPPOSED BY ALL PEOPLE.(note:photo is from radioactive waste storage in japan after earthquake in 2008)