Should We Take Into Account Government Subsidies that Reduce the Risks Borne by the Nuclear Industry as We Consider Our Energy Future?
As I’ve written about before, U.S. law massively subsidizes the nuclear power industry. In particular, a law called the Price-Anderson Nuclear Industries Indemnity Act dramatically skews the incentives to develop nuclear plants, and to site them in places where there is a lot of risk, because it requires the public to bear much of the …CONTINUE READING
A few years ago, a friend of mine suggested starting a blog entitled something like, “Why The Wall Street Journal Editorial Page Was Idiotic Today.” You’d never run out of material for posts! Certainly that was the case today, as Senator Lamar Alexander and Representative Mike Pompeo, both Republicans, make a case against the wind …CONTINUE READING
The story of the Price-Anderson Act: how Congress made nuclear power financially viable in the U.S. by eliminating accountability for risk
Ever wonder how nuclear power plants have been able to get financial backing in the U.S. despite the huge, and largely uncertain, potential risks they pose? Or why there are nuclear plants within a few hours’ drive of major population centers such as Los Angeles and New York? Or who will pay the costs that …CONTINUE READING