Home » Business » Migros Bank throws nuclear pope onto the street – after 30 years – Inside Paradeplatz

Migros Bank throws nuclear pope onto the street – after 30 years – Inside Paradeplatz

The long-time customer advisor called at the beginning of the week. He had to warn him, said the senior. “We’re kicking you out.”

Georg Schwarz was blown away. He has been a customer at Gottlieb Duttweiler’s bank for more than 30 years and has a mortgage and several accounts with the institute.

And now this. What’s going on?

With Black, Bank sees red (G. Black; Next)

The consultant referred to the terms and conditions. Like everywhere else, it says: The bank can kick you out at any time and without giving reasons.

This is now the case for black at the end of November.

“Due to bank customer confidentiality, we are neither allowed to confirm nor deny whether specific customer relationships exist or not, so we are refraining from commenting in this case,” said a spokeswoman for Migros Bank this morning.

The approach seems completely weird. Schwarz and his wife are not money launderers, not day traders, not oligarchs, not trustees looking after sensitive customers.

But one thing is Georg Schwarz: he knows his way around the electricity business – and speaks up.

With views that may not suit the promoters of wind and solar Switzerland. For years, Schwarz was deputy head of Ensi, the Federal Nuclear Safety Inspectorate.

It is checking the Swiss nuclear power plants so that no Fukushima or Chernobyl devastates Switzerland. However, Schwarz said in an interview: Both major accidents would have cost far fewer lives than is generally thought.

In the Japan catastrophe, no one died as a result of the direct nuclear consequences, but was killed by the tsunami that devastated the nuclear power plant due to the sea earthquake.

“If you don’t know anything, you have to believe everything,” says Schwarz on Georgschwarz.ch, his blog about the energy transition. This relies on Swiss wealth on wind and sun.

The calculation doesn’t work. “Electricity is mainly used when we don’t need it,” writes Schwarz on his website.

“In the winter months, when the heat pumps have to be operated, photovoltaic systems on buildings deliver even if the very optimistic assumptions are adopted EP2050+ only 31% of their annual production.”

“69% is produced in summer when electricity consumption is lower.”

In conversation, Schwarz gets to the point. “The sun shines when we don’t need its electricity, and it doesn’t shine when we depend on it,” says Schwarz.

“And the fact that Switzerland is a windy country would have passed me by.”

Nuclear power, on the other hand, delivers reliable electricity at any time of the year, both day and night. That makes them valuable.

“But a nuclear power plant is expensive,” says Schwarz. “The bill no longer works for the electricity companies if the other energy sources are reduced in price.”

Migros Bank throws nuclear pope onto the street – after 30 years – Inside ParadeplatzOne carries everything (IP)

Just like Switzerland is doing now – thanks to the referendum. If the Confederation were to do it in a “maximally stupid” way, 30 billion francs would be thrown out the window every year.

“In total, the basic scenario of the EP2050+ causes additional costs of 29.4 billion CHF/a or 2,900 CHF per year per person,” Schwarz states on his blog.

And continues. “Scenarios that have lower cost consequences are not examined in the EP2050+.”

30 billion, that’s “only” a third of the federal budget. “We’ll survive this,” said Schwarz with humor.

Migros Bank is completely different. She didn’t understand the electricity “pope” as having fun. Because black is too political for the bosses of the large retail institute, which almost alone keeps the crooked orange giant on its feet with its profits?

A “Politically Exposed Person”, i.e. a PEP? A dangerous man?

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