EDF board member resigns ahead of Hinkley vote

EDF board member resigns ahead of Hinkley vote

by Big Mac
Image: NeydtStock / Shutterstock

An EDF board member has resigned ahead of a vote expected to give the final green light to build the Hinkley Point nuclear project.

The energy company’s board members are currently deciding on the final investment decision for the £18 billion nuclear project in Somerset.

Gerard Magnin gave his resignation letter this morning as he believes the project is “financially very risky” and could lead to moving France away from renewable energy.

He stated: “As a board member proposed by the government shareholder, I no longer want to support a strategy that I do not agree with.”

Campaigners have called on the UK Government to stop the nuclear project which is expected to meet 7% of the country power needs once it is completed.

According to figures released by former Department for Energy and Climate Change, the estimated cost of the Hinkley Point C project over its lifetime could reach £37 billion.