"The independent and influential French Court Audit has said that 22 of the country’s 58 nuclear reactors will have reached their 40 year lifespan by 2022. Policymakers must choose whether to extend their lives another 20 years, which is technologically feasible, or to decommission them. The path of least resistance, no doubt, is to leverage the existing assets rather than build new facilities from scratch. It’s a decision laced with economics, environmentalism — and politics." "Just as the socialist government of Hollande was unable to close any of the country’s nuclear power plants, the business-minded Macron may discover that he too has the same difficulties. Not only has nuclear energy proven to be a source of French national pride but it is also core to the country’s economy." https://www.forbes.com/sites/kensilverstein/2017/07/12/france-may-cut-its-nuclear-energy-fleet-which-is-core-to-its-economy/
BOE Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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