| EDF's share price is far below what is was, even in 2008 |
Now the Guardian have a bit of form as the distributor of Greenpeace press releases when it comes to energy policy, but the state of EDF itself is a sight to behold.
Last week for example, EDF were told by President Hollande to spend €100 billion on French nuclear projects, that is 5x their current market value.
The Hinkley C project will add another cost equivalent to their entire market value to the slate.
At the same time the French Government is worried about their debt and wants the company to reign in its spending commitments - this is capitalism, French Socialist style.
All in all, with this as the main builder it is so hard to see a way through to the new nuclear plant ever being built in the UK.
So today we find the government magically issuing extensions to 4 of our current plants. This will help keep the lights on as the phrase goes.
Now we just need a dash for gas to actually, finally, have a sensible energy policy forced upon us.
So we wait in hope.
