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
- Utilities Aren’t Telling the Whole Truth About Solar Costs - October 5, 2023
- National Community Solar Programs Tracker - June 20, 2023
- Report: How Local Ownership of Clean Energy Boosts Benefits, Busts Barriers, and Builds Power - June 14, 2023