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."

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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