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USA nuclear firms worried they might have to pay up for accidents

Unlimited liability a deterrent to business: US Under Secretary, Business Standard, 28 Sept 10, Bs Reporter / Mumbai September 28, 2010, Under Secretary of Commerce for International Trade, Francisco J Sanchez, said US business was concerned over unlimited liability. “We welcome India’s move to join the nuclear liability regime. However, there have been concerns over unlimited liability clauses, which are deterrent to business……the US India Business Council (USIBC), representing 300 top US companies doing business with India, wanted India to adopt a nuclear liability regime “channelling absolute and exclusive liability to nuclear power plant operators and establishing a sole remedy for compensation of claims”…..

Unlimited liability a deterrent to business: US Under Secretary

September 28, 2010 - Posted by Christina Macpherson | India, politics international | antinuclear, nuclear, nuclear costs, nuclear spin, reactors