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Another reason to oppose expanding nuclear power

Another reason to resist the expansion of nuclear power; the Price Anderson Act (PAA) was passed originally in 1957 to promote the nuclear industry by providing a shield from liability in the event of an accident or unforeseen disaster.

Without any public hearings, the renewal of the PAA was inappropriately buried in the National Defense Authorization Act before Congress. Nuclear power plants are so risky private insurance companies will not insure them. Corporations involved with nuclear power self-insure by contributing to a fund now estimated at $13 billion. If there is a Fukushima-like event, with damages in the hundreds of billions of dollars, either those who lose their homes and businesses would have no redress, or Congress would have to come up with a huge source of funding. The PAA provides immunization from liability for any damages above $13 billion. Taxpayers will likely foot the bill.

Contact your Congressmember to find out if they are aware of this and urge them to oppose continuation of nuclear power! There is too much at risk.

September 25, 2023 - Posted by Christina Macpherson | politics, USA