Siemens is getting out of nuclear power

Siemens’ Abandoning Nuclear Power
By Karl Grossman

The just-announced decision by Siemens, a major player in the nuclear industry, to withdraw entirely from nuclear power is a significant declaration by a corporation about nuclear power and the world’s potential energy future.

“The chapter is closed for us,” Peter Loescher, chief executive of the Germany-based engineering group, said Sunday. “We are no longer going to participate in taking responsibility for building nuclear power stations or financing them.”

The Siemens decision follows that of the German government to, with the disaster at the Fukushima Daiichi nuclear plant complex, abandon nuclear power–to close the nation’s 17 nuclear plants, all of which were built by Siemens–and pursue instead safe, clean, renewable energy led by solar, wind and geothermal.

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