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.
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, this liability cap is an astonishingly low 75 million dollars. In India, it is 110 million dollars and in Britain 220 million dollars. If there is an accident, governments – i.e. the public – are on the hook for all costs exceeding those caps.
Japan has a higher liability cap of 1.2 billion dollars, but that is not nearly enough for the estimated 25 to 150 billion dollars in decommissioning and liability costs for what is still an ongoing disaster at its Fukushima Daiichi nuclear plant. Seven weeks…
View original post 913 more words
Stephen Leahy, International Environmental Journalist 
The Uranium Film Festival need your support!
Important independent films about nuclear energy, uranium weapons or uranium mining and nuclear waste need important film festivals like the Uranium Film Festival. And that festival needs your support to continue with its task. We will bring soon dozens of films about nuclear power plants, radioactive accidents, atomic bombs and uranium mining to about 7 cities in India in January 2013 and later we will have the 3rd International Uranium Film Festival next May in Rio de Janeiro. Independent information about nuclear power is important for any decision making. You are invited. But of course the independent festival need your support and donation.
http://www.uraniumfilmfestival.org/index.php/en/
http://www.uraniumfilmfestival.org/index.php/en/support/donate