Thursday, April 14, 2011

Dr. Michio Kaku Interview

"AMY GOODMAN: No private corporation could even build a nuclear power plant: you have to have the taxpayers footing the bill.

DR. MICHIO KAKU: You have to have what is called the Price-Anderson Act, having the United States government guarantee the insurance. Nobody will guarantee—nobody will sell an insurance policy for a nuclear power plant, because who can afford a $200 billion accident? That’s why the United States government has underwritten the insurance for every nuclear power plant. So the Price-Anderson Act is an act of Congress that mandates the U.S. government, the taxpayers, will underwrite the insurance, because nuclear power stations are not insurable."

http://www.alternet.org/story/150599/fukushima_reactors_are_a_%22ticking_time_bomb%2C%22_japanese_govt_in_denial?page=4

That last bit should tell you something right there. The insurance companies are
expert at calculating risk, and none of them will touch a nuclear power station with
a ten foot pole.

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