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Business Feed Article | Business | guardian.co.uk

Britain sets up nuclear funding watchdog
The Guardian

LONDON, Nov 3 (Reuters) – Britain has set up a watchdog to ensure that decommissioning the nuclear power plants that the government wants to be built, and disposing of the waste, does not cost the taxpayer anything.

The Nuclear Liabilities Financing Assurance Board (NLFAB) will scrutinise how the companies planning to build the new power plants will pay to shut them at the end of their useful lives and clean up the radioactive waste they produce.

“We’ve always said the taxpayer should be protected from the costs of decommissioning and waste disposal arising from new nuclear power stations,” Energy and Climate Change Minister Mike O’Brien said.

“The NLFAB will be another piece of armour to help ensure they get that protection.”

Business Feed Article | Business | guardian.co.uk

Tags: nuclear, antinuclear, radioactive, uranium

November 4, 2008 - Posted by Christina Macpherson | business and costs