nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Canada’s Harper govt increases nuclear operators’ liability to just $1 billion

Nuclear power plants to be on the hook for $1-billion in event of meltdown GLORIA GALLOWAY OTTAWA — The Globe and Mail, Jun. 10 2013,   The Harper government says Canada’s nuclear operators should not have to pay more than a billion dollars in total compensation in the event of a catastrophic incident at one of their reactors.

Natural Resources Minister Joe Oliver said Monday he will introduce legislation in the fall to increase the liability limit from the current $75-million – an amount set four decades ago and one that is widely recognized to be grossly inadequate….. http://www.theglobeandmail.com/news/politics/nuclear-power-plants-to-be-on-the-hook-for-1-billion-in-event-of-meltdown/article12446956/

June 12, 2013 - Posted by | Canada, politics

1 Comment »

  1. Canadian nuclear operators have not opposed a higher cap. Their discussion has been around how to pool resources to create a substantial insurance fund and how to do that gradually so as not to shock the bottom line. International norms have shifted since the $650-million cap was last proposed. The liability limit is a controversial policy. Environmentalists want unlimited liability, but nuclear proponents say that would encourage a company involved in an accident to declare bankruptcy and walk away, leaving governments on the hook and with no. chance to get help from http://northenloans.ca/

    Comment by Frank Williams | July 29, 2013 | Reply


Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »