Siemens, Areva end nuclear JV, legal spat goes on

[bananas]

Source: Reuters

Engineering group Siemens (SIEGn.DE) and France's Areva (CEPFi.PA) have ended their nuclear joint venture, though the breakdown of their relationship has still to work its way through the courts.

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However, in the light of events in Japan last month, where an earthquake and tsunami led to radiation leaks at the Fukushima nuclear plant, Siemens CFO Joe Kaeser said in an interview with German daily Der Tagesspiegel that nuclear power should be reassessed.

"Fukushima has to be the cause for a review of the situation," Kaeser said, adding that "the world needs to do some soul-searching".

"How can we evaluate the remaining risk, which in all likelihood will not come into effect but if it does may not be containable?" Kaeser said.

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Read more: http://www.reuters.com/article/2011/04/11/siemens-areva-idUSLDE73A0Z520110411

[buddysmellgood]

1. This is what will kill nuclear. No financing.