A very important development: German giant Siemens plans to pull out of the nuclear energy business, CEO Peter Löscher told Spiegel. After the Fukushima nuclear disaster “the chapter is closed,” he said. The company will expand its renewable energy activities instead. This follow Berlin’s decision to completely phase out Germany’s nuclear industry by the year 2022. In my opinion, this will be important only if Germany refuses to buy nuclear based energy from neighbors such as France in the future.
Kim Hsu, Sept. 20, 2011