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- Dec 22, 2003
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UK 'Subsidising nuclear power unlawfully, says the headline from t3h beebz.
Like at Fukushima in Japan. The costs of the disaster have been nationalised - i.e. foisted on the public. Just like when the banks failed we footed the bill...
I'd have done a search, but I'd rather Wij did all the nerco's around here
Campaigners have repeatedly said down the years that all nuclear programmes are in fact underwritten by the state whether they are government-owned or private, because the clean-up costs from major accidents are enormous and the companies involved are considered "too big to fail".
Like at Fukushima in Japan. The costs of the disaster have been nationalised - i.e. foisted on the public. Just like when the banks failed we footed the bill...
Current UK proposals call for the operator to be liable for the first £1bn of cost from any accident.
This is about a seven-fold increase on previous levels, but still a long way below the costs of a disaster such as the one that befell the Fukushima Daiichi plant in Japan last year.
I'd have done a search, but I'd rather Wij did all the nerco's around here