Allied investment: Britain blocks China from nuclear plant stake

Britain has drawn up laws that will effectively boot out the Chinese from its nuclear plants as it looks to Australian super funds to help support its path to achieving its net-zero climate goals.facing a sustained campaign by MPs who want it to stamp out Chinese involvement in critical infrastructure

It will also oblige consumers to pay a small amount, estimated to be a “few pounds per month” in their electricity bills to fund the plants’ construction. While the legislation won’t block any single investor by changing the funding mechanism, it is believed that the demand from new investors will be more than strong enough to make up the stake CGN might have held.

But former Conservative Leader Iain Duncan Smith and one of the British co-founders of the Inter-Parliamentary Alliance on China toldthat the result was a big win for those who had been demanding the government rid Britain’s critical infrastructure of Chinese involvement.

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