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Nuclear Reaction - a Greenpeace blog: The Nuclear Magic Wallet

Posted on September 08, 2008

Companies building and running nuclear power stations find it impossible to get insurance to cover them in the even of a nuclear accident. They are uninsurable. The costs of containing and clearing up are unimaginably huge and would surely bankrupt any insurance company foolhardy enough to offer cover.So what do the nuclear companies do? They hold their hands out and the tax payer empties their wallet. As UK Energy Minister and nuclear cheerleader Malcolm Wicks puts it:The impossibility of quantifying the monetary value of the indemnity is the main reason that there is no commercially availabl...

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germany , greenpeace , uk