Kamikuza wrote: ↑
Fri Feb 23, 2018 4:25 am
Yeah -- stop letting con men run, regulate and control nuclear power stations.
Not even close.
"The Price-Anderson Act became law on Sept. 2, 1957, to cover liability claims of members of the public for personal injury and property damage caused by a commercial nuclear power plant accident. The legislation helped encourage private investment in commercial nuclear power by placing a cap, or ceiling, on the total amount of liability each nuclear power plant licensee faced in the event of an accident. Over time, the "limit of liability" for a nuclear accident has increased the insurance pool to more than $13 billion."
If liability for actual damage from a nuclear disaster was allowed to reach commonly awarded levels in other litigation, we would have no nuclear plants. The money in existence today would not cover the damage, over the 10,000 years or so it takes a nuclear disaster site to become somewhat safe, that an accident could inflict. And no private insurance would ever want to "insure" a nuke plant considering the potential for death and destruction that each plant contains.
So the Govt steps in, says no one can sue beyond this point (monetary value). Or, as in other industries like oil/gas/ammonia pipelines, you simply have a fee that each company pays the Govt for insurance. Then the Govt just steps in and cleans up the mess. And since each company pays the fee anyway, there is little incentive for actually preventing disasters.
So Kamikuza, it is your fault..........and mine......via what we let our elected officials get away with.......which is because no one realizes that it is the LEGISLATION that created the disaster..........not a CEO, company, investors, or "con men"........rather your ignorance....and the ill-informed public as to the real cause of this and every future disaster - us. This is the long way of me telling you where to point that finger.