FMG 0.18% $21.63 fortescue ltd

Iron ore price, page-42012

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    "Nuclear power’s big problem is its price tag. Building extraordinarily complicated plants and keeping them safe is extremely expensive. Solar and onshore wind power prices have plummeted in recent years and are now about one-third that of nuclear.

    What’s more, renewable energy’s costs continue to fall, while those for nuclear only seem to go up. The Hinkley nuclear power plant is a decade behind schedule and billions over budget. How to deal with nuclear waste in the long term is another expensive, and as yet unresolved, headache. The industry hopes “small modular reactors” could be cheaper and faster to build. But to fight global warming the world needs low carbon energy now, and no SMR is likely to be generating power in the next 10 years due to lengthy and rigorous safety checks. (Guardian)

    Also, nuclear's a PR disaster. Why risk it when you can just invest and develop natural wind, sun, and water power.
 
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