GE eyes stake in nuclear venture

Looks like the Big Boys are feeling some pressure from the masses! They’re feeling like they’re needing to gang up in order to poison us with uranium!

From the Glob and Mall

 

General Electric Co. chairman Jeffrey Immelt says his company is eager to gain an ownership stake in Atomic Energy of Canada Ltd., and warns there is little future for stand-alone vendors of nuclear reactors.

In an interview after delivering a speech to the Calgary Chamber of Commerce, Mr. Immelt said the global nuclear industry is rapidly consolidating. His own company merged its reactor business with that of Japan’s Hitachi Ltd. earlier this year.

“I believe, ultimately, the nuclear industry is going to be [reduced to] two or three big collaborative partnerships,” the GE chairman said.

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