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I said on Monday that the anti-nuclear demonstrations in Stuttgart over the weekend would put pressure on the German government and others around the world to clamp down on nuclear. Angela Merkel responded initially by ordering a safety review into all German nuclear plants. She has not taken much more stringent action.
The 60,000 people on the streets of Stuttgart this weekend protesting about Germany’s plans to extend the lives of ten nuclear power plants should leave the energy world in no doubt that events in Japan will have an impact on the nuclear industry everywhere. Read more
When Germany announced its plan to phase out nuclear power stations last month, shares in the big four German power companies rose. The agreement made with the German government would see Eon, RWE, EnBW and Vattenfall pay a nuclear-fuel rods tax of €2.3bn until 2016 – but the market had been expecting worse.
Today Moody’s has warned that the impact of the tax might yet force a downgrade of the companies’ credit ratings however. Read more