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After mass desertions, Toshiba cancels its own nuclear project

First it was UK's SSE that headed for the exit. Then it was Spain's Ibderola who bolted. After that France's GDF Suez (renamed Engie) bowed out. Then KEPCO briefly entered and left. And today, Toshiba, the owner of the ill-fated nuclear power project in Cumbria, England, from which all companies fled, has shown itself the door.

Toshiba today announced it was canceling plans for what was originally intended to be a new three-reactor project in England's northwest. Not surprisingly, the company cited the unappetizing financial burden of nuclear power for the demise of the project, which had long been anticipated to fail.

'“After considering the additional costs entailed in continuing to operate NuGen, Toshiba recognizes that the economically rational decision is to withdraw from the project,” Toshiba said in a statement.

Toshiba's NuGen consortium, left with a membership of one -- Toshiba -- was to have managed the project. Perhaps Toshiba should have erected a sign saying "abandon hope all ye who enter here." Instead, they allowed their sign (left, photographed in 2017), to become overgrown with weeds, a portend of the collapse to come.

Read more details about the end of the NuGen project here at Cumbrians Opposed to a Radioactive Environment