German cabinet approves landmark nuclear waste deal with utilities
Germany approves landmark nuclear waste deal with utilities: source http://www.businessinsider.com/r-germany-approves-landmark-nuclear-waste-deal-with-utilities-source-2016-10/?r=AU&IR=T BERLIN (Reuters) – The German cabinet approved a deal on Wednesday for its top utilities to start paying into a 23.6-billion-euro ($25.9 billion) fund next year in return for shifting liability for nuclear waste storage to the government, a source said.
The utilities will remain responsible for dismantling the country’s nuclear plants, the last of which will be shut down in 2022 as part of Germany’s abandonment of the technology, a decision triggered by Japan’s Fukushima disaster five years ago.
(Reporting by Markus Wacket; Writing by Caroline Copley; Editing by Joseph Nasr)
Read the original article on Reuters.
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