Speaking to Germany’s Der Spiegel newspaper Sunday, Siemens CEO Peter Loscher explained that the company did not see a future in building new nuclear plants:"'The move is a response to the Fukushima nuclear disaster in Japan in March,' chief executive Peter Loescher said. He told Spiegel magazine it was the firm’s answer to 'the clear positioning of German society and politics for a pullout from nuclear energy'. 'The chapter for us is closed,' he said, announcing that the firm will no longer build nuclear power stations....."Meanwhile, Siemens will continue to focus on renewable energy like wind, concentrating solar power and geothermal. Siemens’s Loscher told Der Spiegel that the switch to renewables is “the project of the century” and explained that Germany’s transition to 35% renewables by 2020 was very realistic.
Read the whole post at Think Progress, Siemens Stunner: Global Energy Giant Quits Nuclear Industry — "The Chapter is Closed for Us" by Stephen Lacey
