nuclear-news

Nuclear Free Local Authorities (NFLA) want government assurances about new rules on compensation liability for nuclear accidents

New rules increasing the financial compensation payable by the nuclear
industry in the event of an accident have been welcomed by the Nuclear Free
Local Authorities, and a letter sent to a government energy minister
seeking assurance that the British public will be property protected.

Under amendments to the Paris Convention so far approved by most signatory
states, including Britain, the liability of nuclear plant operators to pay
compensation has increased to €700 million, with this figure increasing
by a further €100 million in each of the next five years.

Smaller amounts are payable by companies involved with the transportation of nuclear
materials. In the UK, the impact will be felt to the bottom line of EDF
Energy, which operates Britain’s nuclear power plants, and the Nuclear
Decommissioning Authority, with responsibility for transporting nuclear
materials.

Now Councillor David Blackburn, Chair of the NFLA Steering
Committee, has written to Lord Callanan, Minister of State with
responsibility for corporate governance and regulation in the nuclear
industry, to seek reassurance that nuclear operators will be required to
take out suitable insurance with private sector providers or make some
other financial provision to pay compensation in respect of an accident. He
is particularly concerned that ministers may attempt to subsidise the
industry by underwriting insurance provision or by downgrading their
operations to ‘low risk’ to reduce their liability.

NFLA 22nd Sept 2022

September 22, 2022 - Posted by Christina Macpherson | politics, UK