Siemens reconsiders its nuclear ambitions

Author (Person)
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Series Details 7.4.11
Publication Date 07/04/2011
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Article reports that Siemens may drop its nuclear power ambitions amid mounting internal resistance and scrutiny over global plant-building programmes in the wake of Japan’s atomic disaster in the spring of 2011.

Siemens’ move underscores how the atomic disaster at Japan’s Fukushima plant has cast doubts over previous expectations of a global nuclear renaissance, forcing companies in the sector to rethink their business models.

In September 2011 the head of Siemens, Peter Löscher, said in an interview that his company would withdraw entirely fr om the nuclear industry.

Related Links
ESO: Background information: Brussels to investigate Areva NP agreement http://www.europeansources.info/record/brussels-to-investigate-areva-np-agreement/
Deutsche Welle, 18.9.11: Siemens to quit nuclear industry http://www.dw-world.de/dw/article/0,,15396964,00.html
Spiegel Online International, 19.9.11: Siemens to Exit Nuclear Energy Business http://www.spiegel.de/international/business/0,1518,787020,00.html

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