• Germany edition
Photo: DPA

Opposition to planned nuclear tax grows

Published: 20 Aug 10 12:31 CET
Online: http://www.thelocal.de/national/20100820-29293.html

Some 40 German bosses and economic figures lashed out Friday at a government proposal to tax nuclear energy production, warning it would hamper investment in Europe's biggest economy.

"A policy that consists of filling the budget by creating new energy taxes amounts to blocking important future investments," said a text published by the business daily Handelsblatt.

The letter is to be printed Saturday as a full-page ad in other German newspapers and takes aim at a mooted tax on nuclear plants that could raise €2.3 billion ($2.9 billion) per year for the state as it seeks to balance the public finances.

Chancellor Angela Merkel wants nuclear power plant operators to pay the tax in exchange for an extension of the plants' lifetimes, which is to end in around 2020 under the terms of a previous decision.

"A precipitate exit from nuclear power would destroy billions of euros in capital," the letter warned.

"We cannot give up for the time being on coal or nuclear energy if we want energy prices to remain affordable for all," it added.

Among those who signed the letter were the heads of major power companies EON, RWE and Vattenfall.

The leaders of industrial giants BASF, Bayer and ThyssenKrupp added their names, as did heads of the retail group Metro, media group Bertelsmann and Germany's largest bank, Deutsche Bank.

Without being named directly, the leader of one major German company called the text a "warning shot for the government."

Merkel's government aims to decide on its new energy policy by the end of September.

AFP (news@thelocal.de)

What do you think? Leave your comment below.

Fark It! Digg This  Share everywhere
Send to a friend Printable version Twitter This

Your comments about this article:

00:09 August 21, 2010 by cobalisk
Typical big business scare mongering. The big companies lobby to reverse the rule to close the plants.

Then when the deal is sealed and the trade-off is that they have to share the enormous profits they will reap with the public, suddenly the 'warning shots' are fired and all the big guns stick together to say 'you cannot touch our socially subsidized profits!'

Take the money, we paid to build the plants which now operate at enormous profits as the capital expenses have been paid. Don't be intimidated chancellor, The threat that German companies will no longer invest in Germany is laughable.
10:02 August 21, 2010 by notelove2
All well and good but what about the nuclear waste from the power plants - there is no mention of it's disposal in this article. Should we be happy to have electricity where the waste gets shipped off to poorer countrIes to be dumped in the ground?
22:06 August 21, 2010 by LiterallySimon
What nuclear energy renaissance?

http://www.europeanvoice.com/article/2010/08/what-nuclear-energy-renaissance-/68715.aspx
14:34 August 23, 2010 by T.J. Morton
What nuclear energy renaissance?

Who said anything about a renaissance? And what does your article have to do with the topic being discussed?
ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Today's headlines
Photo: DPA

Brutal cold triggers reserve power plants

After exporting power to France earlier this week, Germany has switched on reserve energy plants amid surging demand for electricity due to the ongoing deep freeze hitting Europe. READ (6 COMMENTS) »

Photo: DPA

Artist compensated for two lost French fries

A Munich court on Thursday awarded an artist €2,000 in damages because a gallery lost two 22-year-old chips that were the basis of an artwork in which the fries lay across each other in a cross. READ (2 COMMENTS) »

Photo: DPA

Star cyclist Ullrich found guilty of doping

Germany’s most famous cyclist Jan Ullrich was found guilty of doping and stripped of his third place in the 2005 Tour de France by the Court of Arbitration for Sport (CAS) on Thursday. READ (6 COMMENTS) »

Photo: DPA

Germany expels four Syrian diplomats

German Foreign Minister Guido Westerwelle said on Thursday Germany was expelling four diplomats from the Syrian embassy in Berlin after the arrest of two men suspected of spying on regime opponents. READ (1 COMMENT) »

Photo: DPA

Berlinale opens with revolutionary drama

Diane Kruger stars as Marie Antoinette in "Farewell My Queen," a lush costume drama set on the eve of the French Revolution that will open the 62nd Berlin film festival on Thursday. READ (1 COMMENT) »

Photo: DPA

Rent-jumping family caught by police

An eight-person family that avoided paying rent for years by moving house every two to three weeks has finally been caught in the northern German town of Schneverdingen. READ (7 COMMENTS) »

Photo: The Ukelele Orchestra of Great Britain

What's on in Germany: February 9 - 15

This Week's Highlights: The star-studded Berlinale film festival kicks off in Berlin, Munch goes on view in Frankfurt, and a ukelele orchestra sets up in Munich. READ »

Photo: DPA

Sick pups found in van

German police this week rescued 92 puppies from a van, after the dogs had spent 13 hours being transported across Europe without food or water. READ (5 COMMENTS) »

More National
Highlights
Photo: DPA
LIFESTYLE »
Sabine Devins tackles immunisations and baby pharmaceuticals in the latest instalment of Motherhood in the Fatherland.
Photo: Ukelele Orchestra of Great Britain
SOCIETY »
What's on in Germany: February 9 - 15
Photo: Hugo, Jaap Buitendijk. (c) 2011 GK Films, LLC.
LIFESTYLE »
Find the latest movies in English playing in Germany with The Local's cinema guide.
Photo: DPA
SOCIETY »
Germany is battling the increasingly widespread phenomenon of "burnout" which is supposedly costing its economy billions of euros each year.
Photo: DPA
OPINION »
The economy in shambles, angry street protests and the government on the brink after passing unpopular reforms. But this is not Greece in 2012 – it was Germany a decade ago. Marc Young looks back to see an agenda for the future.
Photo: DPA
OPINION »
Germany’s public transportation largely operates on the honour system, which makes fare dodging easy. You can have your say on how Germany should deal with the problem.
Photo: DPA
SOCIETY »
Macho German football legend Rudi Assauer says he has Alzheimer’s Disease, an admission one expert told The Local could help stoke discussion of an illness often considered taboo.
Photo: DPA
SOCIETY »
A 64-year-old tub of American lard has been deemed fit for human consumption by food safety authorities in the eastern German state of Mecklenburg-Western Pomerania.
Photo: DPA
LIFESTYLE »
As Hamburg’s legendary Reeperbahn strip gentrifies, Stephen Lowman reports how the city’s “sinful mile” is changing.
Photo: Bavarian International School
SPONSORED ARTICLE
A global education - a Bavarian community
Photo ECLA
SPONSORED ARTICLE
A truly international education at the heart of Berlin



See all ads | Join the Marketplace

Jobs in Germany, in English

1328 jobs available
874 new jobs this week
222 new jobs today

ALL JOBS »

Blog
Essentials

Dating
Looking for your own blonde bombshell? Or is the strong, silent type more your style? Find a German sweetheart here.

Weather
"After clouds comes clear weather," say the Germans. But what about after that? Find out in The Local's weather section.

Blog
German stuff that's distracting us today.

Noticeboard
Whether you want to buy, sell, hire, announce or promote something, here's the place to do it - completely free of charge.

Discuss
Debate the news, ask for advice, make friends - or just let off steam.

Search News


Register

Register now for:
> Free use of noticeboard
> Special discounts
> Weekly news roundup
> Unlimited use of discuss

REGISTER FOR FREE »

News from the Goethe-Institut
News from Young Germany
News from DeutschlandOnline

Toytown Germany
Germany's English-speaking crowd
English-speaking educators (native level)

Hotel reservations in Berlin
Visiting Berlin anytime soon? Book your hotel in Berlin here.
Rental apartments in Berlin
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Trade CFDs with InterTrader.com
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!