>Financial institutions? Because the issue is getting a loan for say 8 billion that you might start repaying 10 to 15 years from now assuming it all pans out.
Sometime in the last third of the 20th century the bankers and industry looked around, they looked at the heavy industry that normally ran on decade long investment and reinvestment cycles and they looked at the state and federal regulators who had just been empowered to fairly unilaterally take action with net effects on the same order as most industries profit margins and they were like "nah we good, quarter to quarter is how it's gonna be now".
That's why nothing big gets built in boring but necessary industries, nuclear or otherwise.
>Most projects don't even get off the ground as the political will to back it is missing.
The fact that you need "political will" to plug generation capacity into the grid is the problem.
>Uh, the cold war, nuclear proliferation etcetera. And I would argue that makes a lot of sense, even today.
Disagree. The economic potential is too great. If there was a market there they'd find a way to make it safe enough.
Sometime in the last third of the 20th century the bankers and industry looked around, they looked at the heavy industry that normally ran on decade long investment and reinvestment cycles and they looked at the state and federal regulators who had just been empowered to fairly unilaterally take action with net effects on the same order as most industries profit margins and they were like "nah we good, quarter to quarter is how it's gonna be now".
That's why nothing big gets built in boring but necessary industries, nuclear or otherwise.
>Most projects don't even get off the ground as the political will to back it is missing.
The fact that you need "political will" to plug generation capacity into the grid is the problem.
>Uh, the cold war, nuclear proliferation etcetera. And I would argue that makes a lot of sense, even today.
Disagree. The economic potential is too great. If there was a market there they'd find a way to make it safe enough.