It’s telling that the insurance industry won’t touch nuclear projects unless governments cap their liability. In Canada, the cap is now $650 million on disasters that can cost many billions of dollars to battle, excluding long-term economic impacts. Taxpayers, of course, cover the rest. Without such caps, the industry argues the cost of insurance would simply be too high.
John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.
Latest posts from John
- A Local First Approach to Rebuilding Puerto Rico’s Electricity System — Episode 77 of Local Energy Rules Podcast - May 23, 2019
- Power Plant Securitization: Coming to a State Capitol Near You - May 13, 2019
- Voices of 100%: Youth Push Small Minnesota Town to Act on Changing Climate and Invest in Local, Renewable Energy — Episode 76 of Local Energy Rules Podcast - May 9, 2019