German industrial giant Siemens abandoning nuclear power

Reuters reported earlier today:

Siemens is exiting nuclear power in response to the German government’s decision to quit the energy source, leading it to scrap a venture with Russia’s Rosatom, its chief executive said.

“The (nuclear) chapter is closed for us,” Peter Loescher told German weekly magazine Der Spiegel in an interview published on Sunday.

Its decision comes after more than two years of turmoil around the engineering conglomerate’s nuclear business.

Loescher cited Germany’s decision to phase out its nuclear power plants as a prime factor in Siemans’ decision:

“This is … an answer to the clear position of society and politics in Germany on exiting nuclear power,” he said.

Link: http://www.reuters.com/article/2011/09/18/us-siemens-idUSTRE78H0JG20110918

 

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About Robert Singleton

By day, I work for a call center. In my spare time, I try to save my hometown (and planet) from a nearly constant onslaught of greedheads, lunatics and land developers. I live in a fictional town called Austin, Texas, where I go to way too many meetings.
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