BE bailout announced

A British Energy press release (PDF) today announced a bailout from the British government of about a Billion $ Canadian. The funds are to provide BE with working capital until Sept. 27.

The move comes after a weekend of press coverage of British Energy’s financial plight in the Toronto Star (in articles published on Friday, Sept 6 and Saturday, Sept 7) and in two articles in the Globe and Mail (on Friday, Sept 6 and Saturday, Sept 7). As well, the Toronto Star published a scathing editorial.

Bookmark the permalink.

Comments are closed