Remove Taxpayer Subsidies For Nuclear Power

If corporations that own and run nuclear reactors in the U.S. were financially liable for the deaths and damages caused by a nuclear reactor catastrophe, it would be in their interest to minimize the immense risks that have become evident in Japan in recent weeks. But that is not the system in the United States.

Instead, we have the Price—Anderson Nuclear Industries Indemnity Act, passed by Congress in 1957, which limits the liability of each reactor owner to $111.9 million per “nuclear incident.” The U.S. has 104 reactors. Their combined group liability for any one “incident” is approx. $12 billion, a minuscule fraction of what Chernobyl cost ($359 billion), and what Fukushima is projected to cost ($200 billion and counting). Who would pay for the rest of the damages? American taxpayers. 

And who oversees safety at U.S. nuclear power plants? The Nuclear Regulatory Commission, but the corporations consistently fight them to minimize and delay safety requirements. The Price—Anderson Act creates a disincentive for corporations to spend money for our security.

To make matters worse, in its 2012 budget, the Obama administration is asking for $36 billion in loan guarantees to reimburse investors in nuclear power for any financial losses they might incur—again paid for by the American taxpayer. 

If these taxpayer subsidies were eliminated, wind and solar would be cheaper than nuclear. Moreover, they are quicker to get up and running than nuclear power, as seen in Germany, where renewables now deliver 17% of electric power.

Urge them to eliminate the proposed $36 billion in the 2012 budget for new loan guarantees to nuclear power investors. Tell them you don't want your tax money to subsidize nuclear power and pay for investment mistakes. And to revoke the Price—Anderson Act so that nuclear corporations will have the needed financial incentives to improve safety.

Via their websites: www.senate.gov

Telephone: 202 224-3121 (senate switchboard)

Write: Senator (first & last name)

US Senate, Washington, DC 20510

Photo credit:  Photo taken by Leigh Hilbert on Hawaii Island's Kalapana Gardens active lava flow February 15th, 2011 (His 60th birthday.) Lava has been flowing from the Kilauea Volcano eruption sites for twenty-eight years nearly non stop; the most active volcano in the world. Leigh has been documenting this lava for thirteen years and his dramatic images can be seen on his website www.Leigh-Hilbert-Photography.com Leigh also writes a world popular blog named Hawaiian Lava Daily: http://hawaiianlavadaily.blogspot.com/  On March 11th, 2011 surface lava stopped flowing so blog posting is less often.



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