Australian Energy Minister Rejects Idea of Nuclear Industry

The energy minister, Chris Bowen, says establishing a nuclear industry in Australia would require ‘eye-watering amounts of government taxpayer subsid’.Energy minister says average build time for a nuclear plant in US is 19 years and giving up on renewables would be a ‘massive economic own goal’The federal energy minister, Chris Bowen, has dismissed Coalition MP Ted O’Brien’s claim that Australia could develop a nuclear power industry within a decade, stating: “Tell him he’s dreaming.

” The mocking comment on Sunday came as the government continued to pour scorn on the opposition’s speculative alternative plan to renewable energy. O’Brien said the Coalition was in the “advanced stages” of finalising its policy, which is not expected to be unveiled for several week

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Energy stocks GNX: The ASX is not the place for pure energy transition betsThe ASX just hasn’t cracked it as a destination for the next wave of green electricity generators. Genex Power is the latest to be worth more in private hands.
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