Stop Sizewell C! Wrong Project, Wrong Time, Wrong Place.
EDF’s plans to build two new nuclear reactors at Sizewell in east Suffolk will have a devastating impact on this unique and magical place and is too slow and expensive compared to alternatives in the fight against Climate Change. Sizewell C was granted planning consent in July 2022, against the recommendation of the Planning Inspectorate. A Final Investment Decision is not expected until the end of 2023 at the earliest, more likely 2024.
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How can we stop Sizewell C?
- Money! If no one will invest, it cannot go ahead. You can help by writing to pension funds or other potential investors. We also need to discourage the government from investing, Write to the Chancellor, Jeremy Hunt and tell him there are more urgent and better value for money than continuing to support Sizewell C: public.enquiries@hmtreasury.gov.uk, Attn The Rt Hon Jeremy Hunt MP. Salutation Dear Chancellor
- Politics. If Sizewell C, or the tax needed to finance it, is unpopular, Ministers will listen. Sign our Petition with Together Against Sizewell C at www.stopsizewellcpetition.com or write to The Rt Hon Grant Shapps MP: cnrdcorrespondence@beis.gov.uk, Dear Secretary of State.
- Planning. We are supporting an application for a Judicial Review filed by Together Against Sizewell C in August 2022, against the planning decision. A hearing is expected March 2023.
- Visit Why Stop Sizewell C? to find our multiple reasons for campaigning against this damaging project. There are more campaigning ideas on our Take Action page.
StopSizewellC on Facebook
"..two of Britain’s biggest pension funds – the BT Pension Scheme and NatWest – have told campaign group @StopSizewellC and the #DailyMail they do not intend to back the project.
The Government has spent years trying to woo pension groups and institutional investors by introducing a new funding model that allows them to receive dividends during the construction process.
It is expected to go a step further by classifying nuclear as a green energy source in an upcoming eco-friendly financing strategy, which would make it easier for companies to win support to invest in power plants.
But an industry source said #SizewellC would still not be an appropriate investment for ‘typical big-name UK pension schemes’, as they see the risk of cost over-runs and delays being too high."
#StopSizewellC
The Government has spent years trying to woo pension groups and institutional investors by introducing a new funding model that allows them to receive dividends during the construction process.
It is expected to go a step further by classifying nuclear as a green energy source in an upcoming eco-friendly financing strategy, which would make it easier for companies to win support to invest in power plants.
But an industry source said #SizewellC would still not be an appropriate investment for ‘typical big-name UK pension schemes’, as they see the risk of cost over-runs and delays being too high."
#StopSizewellC
Ministers are tearing up old EU red tape that Chancellor Jeremy Hunt says will unlock £100bn in possible funding for major projects.
"A report outlining Great British #Nuclear’s strategy and operation, drawn up by the nuclear industry expert Simon Bowen, has been with ministers for several months.
He has asked for it to be published to help the industry prepare for the demands it will face in funding and training sufficient numbers of skilled people, but he has been told that it cannot be"
He has asked for it to be published to help the industry prepare for the demands it will face in funding and training sufficient numbers of skilled people, but he has been told that it cannot be"
Great British Nuclear will be tasked with overseeing the development of the next generation of nuclear power sources
Part of an "exceptionally rare" Iron Age wooden axle from a chariot or cart has been found in a waterlogged pit.
The fragment was uncovered in 2021 at Eastbridge, Suffolk, ahead of tree planting for the Sizewell C nuclear power station project. Recent analysis revealed the hazel wood axle was made between 400BC and 100BC.
The fragment was uncovered in 2021 at Eastbridge, Suffolk, ahead of tree planting for the Sizewell C nuclear power station project. Recent analysis revealed the hazel wood axle was made between 400BC and 100BC.
It joins a handful of other such finds "from British later prehistory", says an archaeologist.
The headline makes it read like an announcement of more government funding for Sizewell C, but what Jeremy Hunt is saying he will do is the same as Johnson/Truss promised; ditch the requirement for insurance funds to keep reserves to meet future commitments. Doesn't that make the insurance funds' situation more risky? It certainly doesn't make #SizewellC a less risky proposition.#StopSizewellC
"The European Union's Solvency II financial regulations limit how much capital big insurance funds can invest.
Big firms like Legal & General and Aviva are required to hold vast reserves, but Hunt’s reforms will reduce that amount.
After months of negotiations with City regulators, MPs last year agreed to tear up the rules to free up billions for big infrastructure projects.
The Association of British Insurers say the Chancellor’s reforms are expected to unlock up to £100 billion of private investment over the next ten years into UK infrastructure and clean energy.
Billions of pounds of private investment from British and US insurance companies can now replace funding lost from Sizewell C’s original backers China Nuclear Power - who were booted off the project last year amid national security concerns.
"The European Union's Solvency II financial regulations limit how much capital big insurance funds can invest.
Big firms like Legal & General and Aviva are required to hold vast reserves, but Hunt’s reforms will reduce that amount.
After months of negotiations with City regulators, MPs last year agreed to tear up the rules to free up billions for big infrastructure projects.
The Association of British Insurers say the Chancellor’s reforms are expected to unlock up to £100 billion of private investment over the next ten years into UK infrastructure and clean energy.
Billions of pounds of private investment from British and US insurance companies can now replace funding lost from Sizewell C’s original backers China Nuclear Power - who were booted off the project last year amid national security concerns.
BILLIONS of pounds of investors dosh freed from Brussels red tape will be used to fund new nuclear power stations, The Sun can reveal. Cash-strapped Chancellor Jeremy Hunt will hail it as a “textbo…
StopSizewellC on Twitter
Crucial data for any debate about future roles of nuclear, CCS and hydrogen.
Mean project cost over-runs:
Nuclear power 120%
Oil and gas 34%
Mining 27%
Fossil thermal power 16%
Wind 13%
Energy transmission 8%
Solar 1%
Source: @BentFlyvbjerg's new book. https://t.co/8pjtIakMjn https://t.co/B3z1rxwObS
Mean project cost over-runs:
Nuclear power 120%
Oil and gas 34%
Mining 27%
Fossil thermal power 16%
Wind 13%
Energy transmission 8%
Solar 1%
Source: @BentFlyvbjerg's new book. https://t.co/8pjtIakMjn https://t.co/B3z1rxwObS
"An industry source said #SizewellC would still not be an appropriate investment for ‘typical big-name UK pension schemes’, as they see the risk of cost over-runs and delays being too high."
#StopSizewellC
https://t.co/wvs73bCspz
#StopSizewellC
https://t.co/wvs73bCspz
"..two of Britain’s biggest pension funds – the #BT Pension Scheme and #NatWest – have told campaign group @StopSizewellC and @ThisIsMoney they do not intend to back the project [ #SizewellC]"
#StopSizewellC
https://t.co/dRD7GvgLh8 via @ThisIsMoney
#StopSizewellC
https://t.co/dRD7GvgLh8 via @ThisIsMoney
"A report outlining Great British #Nuclear’s strategy by Simon Bowen has been with ministers for several months. He asked for it to be published to help the industry prepare for the demands it will face.. but has been told that it cannot be" #StopSizewellC
https://t.co/P337TxY8Gc
https://t.co/P337TxY8Gc
"There'll be this place called Sizewell"
#stopsizewellc
#stopsizewellc