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Article filed under Energy, Energy Self-Reliant States

Nuclear – too costly to build

| Written by John Farrell | No Comments | Updated on Mar 21, 2011 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/nuclear-too-costly-build/

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.

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About John Farrell

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. More

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