Posts Tagged ‘nuclear disaster’
Limited Liability - Nuclear Energy's 'Mother of all Subsidies'
By Stephen Leahy
UXBRIDGE, Canada, May 6, 2011 (IPS)
The nuclear energy industry only exists thanks to what insurance experts call the "mother of all subsidies", and the public is largely unaware that every nuclear power plant in the world has a strict cap on how much the industry might have to pay out in case of an accident.
In Canada, …
Last week the Japanese govt injected $billions into Tepco, owners of the damaged Fukushima nuke plant that still poses a huge threat. Many more billions are needed to make it safe.
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