http://www.theaustralian.com.au/business/news/germany-announces-end-to-nuclear-power-by-2022/story-e6frg90f-1226065550147 " GERMANY will shut down all its nuclear plants by 2022, and eight reactors shut down after Japan's nuclear disaster in March will not be reactivated, the government has announced. The decision, announced by Environment Minister Norbert Roettgen, came after a meeting of leaders of the ruling coalition headed by Chancellor Angela Merkel, which lasted from Sunday evening (local time) into the early hours of today.
It will make Germany the first major industrial power to give up atomic power. " Doesn't make sense to bump up the price of base load power when they are a major industrial powerhouse. Looks like the whole country will be littered with solar panels and ugly protruding wind turbines or maybe they want to increase their carbon footprint or become more dependent of Russia for their gas supply. Symptoms of a reactive policy post fukushima when Green votes attraction comes first and then fixing the economic damage. Don't laugh, we are heading that way...
Technically, gap filled from open so it may now decided to move back up.
EXT Price at posting:
$7.75 Sentiment: Buy Disclosure: Held
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