Marijn Dekkers said Bayer could 'consider relocating its production' in the wake of Germany's move away from nuclear. Photograph: Oliver Berg/EPA
Germany's decision to phase out nuclear power after the Fukushima catastrophe in Japan could lead to some of the country's major companies relocating elsewhere in search of cheaper energy.
Marijn Dekkers, head of Bayer, the pharmaceuticals group, said: "It is important that we remain competitive compared with other countries. Otherwise, a global company like Bayer will have to consider relocating its production to countries with lower energy costs."
Bayer threatens to quit Germany over nuclear shutdown
So here is a huge incentive for developing nations to keep building coal power plants to attract business and therefore jobs! And this horrible unanticipated consequence has been brought to you by people who call themselves Environmentalists, whose knee jerk reaction to nuclear power was burned in in the '70s and has not been revisited since, which results in some hasty and ill conceived decision making.