nuclear-news

New Capitalism: Old Capitalism except taxpayer money is at risk Sunday Herald  Iain Macwhirter 4 July 09 – “………………………..Old Capitalism has long gone and has been replaced by New Capitalism, which is like the previous system, but without the risk of failure………

…………make lots of profit from running it, but then when they stop making profits they hand the keys back to the government and walk off leaving all the losses with the taxpayer. This is a great improvement on boring old capitalism, because it removes all the danger from the investor, and turns public contracts into a licence to print money…………….
…………..Then there’s the nuclear industry. The cost of decommissioning the last generation of nuclear power stations was around £100bn – paid for by us. It was the most expensive way of producing electricity since the Van Der Graaff generator.

The next generation is going to be totally different. Private companies will build and operate super-efficient and totally self-financing nuclear power stations earning healthy profits. Except that, under the deal, when something goes wrong they’ll be handed back to the government.

This is because the insurance costs are so high for these power plants that if the government hadn’t taken on the financial liability for nuclear disasters, the private operators wouldn’t have been able to make a decent profit. And, of course, the bulk of the decommissioning costs and the disposal of the nuclear waste, radioactive for a thousand years, will naturally be the taxpayer’s responsibility.

GODZILLA II  San Francisco Chronicle by Peter Coyote 28 June 09 “………………………………….it is not the production of electricity from nuclear plants which is so carbon intensive, but the building of them. The concrete alone, one of the most carbon-producing products on earth, the heating of water, the heavy equipment……………

……………..the coal and oil industries are buying into power companies. They want to own it all. They know that regulatory difficulties and expense and public fears will do plenty to slow down the nuclear build-up, leaving them plenty of time to sell their product………….

………..Atomic reactors are horrendously expensive. On a level playing field they, cannot possibly compete with even renewables. If they were so safe, why can they not get private liability insurance? The Price-Anderson Act turned their insurance over to the Federal Government (the tax-payer) and limits the sizes of claims that homeowners and citizens can receive. They cannot raise, private funding for new construction or, after a half-century, have they come one iota closer to a solution for their high-level waste problems. No one has figured out how to protect them from terrorist attacks, and in every staged mock raid, the “terrorists” have overwhelmed the nuclear power plant security……………………………..the health impacts of atomic reactors. They emit not only x-rays and gamma rays, but also particulate emissions involving alpha and beta particles. Why is it that after 50 years there is still no systematic monitoring regimen for actually tracking the human beings that live in areas downwind from atomic reactors. San Francisco’s own Dr. John Gofman, the first chief health researcher for the Atomic Energy Commission, concluded in the late 1960s that “normal” emissions from nuclear plants would kill thousands of Americans yearly, with no catastrophe required. “