31 August 2010 18:57 [Source: ICIS news]
“A 10-15 year extension of the life-span will result in important advantages for
Merkel’s coalition government between her Christian Democrats and the Liberals had agreed to extend the lifespan of Germany's nuclear power plants when they took office in September 2009. However, they never spelled out by how many year the life span would be extended.
A previous Social Democrat-Green Party coalition government under former Chancellor Gerhard Schroder had committed
Commentators said a 10-15 extension was a compromise between the economics minister and the environment minister. Economics minister Rainer Bruderle had favoured a 20-year extension.
Earlier this month, a number of industry leaders, including BASF chief executive Jurgen Hambrecht, opposed a planned tax on the nuclear industry that would come in the wake of the life-span extension.
Chemical producers are also opposed to a planned cut in tax breaks on energy consumption for energy-intensive industrial producers. That cut is part of an €80bn ($101bn) government savings package announced in June.
($1 = €0.79)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections