Four Reasons Why Nuclear Power is a Dumb Idea for Australia, page-230

  1. 39,009 Posts.
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    As l have posted several times, l have no problem with nuclear reactors when they are used in the appropriate circumstances .

    Very similar to guns actually. sneaky.png

    However, as l have also posted, they are not the best solution in may cases. Especially when you have to pay for the site clean up at the end of life.

    Billions of dollars, sometimes decades of work and as we've seen in some cases, they don't clean them up at all .

    Then there's this little extra zinger.

    STATEMENT: Federal government renews policy that shifts financial risk of nuclear accident onto taxpayers

    WASHINGTON — Today President Biden signed an appropriations bill that renewed a long-standing limit on liability for nuclear power plant owners, protecting the industry from losses in the event of a major accident. This liability cap, sometimes referred to as the Price-Anderson Act, ensures that taxpayers assume the risk of a major nuclear accident.

    Under the renewed Price-Anderson Act, the nuclear industry is liable for only the first $16.1 billion damages in the event of a nuclear accident. Damages to the public from the Fukushima nuclear disaster exceed $90 billion. The full value of the Price-Anderson nuclear subsidy is difficult to estimate, but if nuclear operators had to carry the full cost of insurance against a nuclear accident, the plants would most likely become uneconomic to build.

    https://environmentamerica.org/media-center/statement-federal-government-renews-policy-that-shifts-financial-risk-of-nuclear-accident-onto-taxpayers/

 
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