Articles by Stephen Leahy, International Environmental Journalist
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Limited Liability – Nuclear Energy’s ‘Mother of All Subsidies’
Stephen Leahy, International Environmental Journalist – TRANSCEND Media Service,
23 May 2011
The nuclear energy industry only exists thanks to the “mother of all subsidies”. 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. Japan has the largest liability cap, of 1.2 billion dollars, but that is not nearly enough for the estimated 25 to 150 billion dollars in liability costs at Fukushima. No one knows when the reactors will finally be in cold shutdown. One report suggests decommissioning will take 30 years.
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