UK taxpayer to bear costs of nuclear leaks, not private firms
The private consortium that will manage the decommissioning of the UK’s decaying Magnox nuclear reactors won’t be made to bear financial responsibility in the event of a radioactive incident. Taxpayers will have to pick up the tab instead.
Private contractors will be indemnified by the government, despite concerns that exempting them from financial liability for nuclear incidents could prove a disaster for the taxpayer, the Guardian reports.
Earlier this month the Department for Energy and Climate Change (DECC) presented parliament with a departmental minute concerning an indemnity to be given by the Nuclear Decommissioning Authority (NDA) in relation to the proposed Magnox reactors, built five decades ago. Among the reactors are some of the oldest facilities at Sizewell, Hinkley and Dungeness, which have been supplying electricity to the national grid for 40 years.
The Berkeley site in Gloucestershire, which entered service in 1962, was the first commercial nuclear power station in the UK to be decommissioned. After 27 years of operation, generating enough electricity on a typical day to serve an urban area the size of Bristol, the twin reactor station shut down in 1989. The station is currently undergoing work to decommission the site.
Meanwhile, according to the departmental minute, the prospective Parent Body Organizations (PBOs), selected through a competitive process, “are not prepared to accept liability” for certain nuclear liability claims. It adds that “because of the nature of nuclear activities the maximum figure for the potential liability is impossible to accurately quantify.” But there is allegedly only a “low probability” of a claim against the public purse.
Among the fierce critics of the use of the indemnity is Labour MP Paul Flynn, who says the nuclear debate in Parliament has been passed over by the government.
“There have been major nuclear accidents about every decade since Three Mile Island,” Flynn told the Guardian.
“More are very likely from technical failure, terrorism, human error or natural disaster. If risk is minimal, nuclear sites could be insured commercially.”
“The cost of the Fukushima cleanup and damages ranges from $250bn [£150bn] to $500bn and rising,” the politician noted.
“Nuclear installations are uninsurable in normal commercial terms. Only gullible governments can bear the enormous risk. If operators paid for their own insurance indemnities, their case for economic production of nuclear electricity collapses,” he added.
However, Energy Minister Michael Fallon, in his written statement to parliament, entitled “Contingent liability: indemnification by the nuclear decommissioning authority,” argues that there was “a very strong case” for the indemnity.
“An indemnity is a prerequisite to awarding the contract and securing the benefits of the competition. There is only a very low probability of a claim being brought under the indemnity and our assessment is that the benefits of the NDA contracting with a new PBO outweigh the small risk that the indemnity may be called upon,” the minister asserted earlier in February.
1 Comment »
or go to
From the Archives
… The Bilzerian Report Estimates the Total Cost of America’s Relationship with Israel, Adjusted for Inflation and Including the Wars in Iraq and Afghanistan, to be in Excess of $5 trillion, or $16,000 per American. … Read full article
Aletho News Exclusive Content
This article will examine some of the connections between the US and UK National Security apparatus and the appearance of the anthropogenic global warming (AGW) theory beginning after the accident at Three Mile Island. … continue
Also by Aletho News:
March 8, 2011
February 25, 2010
February 7, 2010
December 26, 2009
December 4, 2009
May 9, 2009
Visits Since December 2009
- 2,727,669 hits
Follow Aletho News on TwitterMy Tweets
Brian Harry, Austral… on South Africa announces decisio… Brian Harry, Austral… on Pro-Clinton Ad Compares Trump… Wallflower on Pro-Clinton Ad Compares Trump… Brian Harry, Austral… on Documents Show Chicago PD Secr… Brian Harry, Austral… on Obama Ridicules Trump’s Call f… Judith Lutfy on Obama Ridicules Trump’s Call f… Brian Harry, Austral… on The White Helmet Controve… Laskarina on Israel worsening Palestinian p… Brian Harry, Austral… on Radar data proves Belgian F-16… Brian Harry, Austral… on Israel worsening Palestinian p… roberthstiver on Israel worsening Palestinian p… roberthstiver on Australia, Tagging Along into… Stop! Decency demand… on New ‘HRW’ report affirms Golds… What Police Videos T… on Orwellian ‘Hate Speech… What Police Videos T… on Wake up: Arbitrary rule is all…
- Latvia detains, deports chief producer of Russian news agency October 21, 2016
- Venezuelan Supreme Court Orders New Inquiry into Disappeared During Fourth Republic October 21, 2016
- Pro-Clinton Ad Compares Trump to Chavez, Venezuela Responds October 21, 2016
- South Africa announces decision to quit International Criminal Court October 21, 2016
- Obama Ridicules Trump’s Call for Good Relations With Russia October 20, 2016
- Documents Show Chicago PD Secretly Using Forfeiture Funds To Buy Surveillance Equipment October 20, 2016
- Sukkot, feast of intimidation, oppression and illegal annexation October 20, 2016
- Israel worsening Palestinian plight, Middle East tensions: Iran diplomat October 20, 2016
- Radar data proves Belgian F-16s attacked village near Aleppo, killing 6 – Russia October 20, 2016
- The White Helmet Controversy October 20, 2016
- The Democrats’ Joe McCarthy Moment October 20, 2016
- Australia, Tagging Along into Other Nations’ Wars October 20, 2016
- From Anthrax to Iraq October 20, 2016
- Philippines seeks common prosperity with China October 19, 2016
- UK Government Fails to Explain Use of Drones Outside Armed Conflicts October 19, 2016
- UK media tries to spin NatWest’s closure of RT’s British accounts, but facts remain the same October 19, 2016
- Muzzling Israeli Dissent in the NYT October 19, 2016
- Undercover Video Reveals Clinton Campaign’s Role In Inciting Violence & ‘Anarchy’ At GOP, Trump Rallies October 19, 2016
- Nobel Economics Versus Social Democracy October 21, 2016
- Adam Curtis: another manager of perceptions October 21, 2016
- Video: “Rebels” in Syria shell Aleppo humanitarian corridor (updated) October 20, 2016
- Guardian front page channels Orwell’s 1984 October 20, 2016
- Washington’s Global Economic Wars October 18, 2016
Looking for something?
Categories"Hope and Change" Aletho News Book Review Civil Liberties Corruption Deception Economics Environmentalism Ethnic Cleansing, Racism, Zionism False Flag Terrorism Full Spectrum Dominance Illegal Occupation Islamophobia Mainstream Media, Warmongering Militarism Nuclear Power Science and Pseudo-Science Solidarity and Activism Subjugation - Torture Supremacism, Social Darwinism Timeless or most popular Video War Crimes Wars for Israel
Tags9/11 Afghanistan Africa AIPAC al-Qaeda Argentina BBC Benjamin Netanyahu Brazil Canada Central Intelligence Agency China CIA Colombia Cuba Da’esh Donald Trump Egypt EU European Union FBI Federal Bureau of Investigation France Gaza Germany Hamas Hebron Hezbollah Hillary Clinton Honduras Human rights India International Atomic Energy Agency International Solidarity Movement Iran Iraq Iraq War ISIL ISIS Israel Israeli settlement Japan Jerusalem John Kerry Latin America Lebanon Libya Mexico Middle East Military National Security Agency NATO New York Times NSA Obama Pakistan Palestine Police Press TV Qatar Russia Sanctions against Iran Saudi Arabia Syria Turkey UK Ukraine United Nations United States USA Venezuela Washington Post West Bank Yemen Zionism
Contact:atheonews (at) gmail.com
This site is provided as a research and reference tool. Although we make every reasonable effort to ensure that the information and data provided at this site are useful, accurate, and current, we cannot guarantee that the information and data provided here will be error-free. By using this site, you assume all responsibility for and risk arising from your use of and reliance upon the contents of this site.
This site and the information available through it do not, and are not intended to constitute legal advice. Should you require legal advice, you should consult your own attorney.
Nothing within this site or linked to by this site constitutes investment advice or medical advice.
Materials accessible from or added to this site by third parties, such as comments posted, are strictly the responsibility of the third party who added such materials or made them accessible and we neither endorse nor undertake to control, monitor, edit or assume responsibility for any such third-party material.
The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.
The word "alleged" is deemed to occur before the word "fraud." Since the rule of law still applies. To peasants, at least.
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more info go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
This is information for anyone that wishes to challenge our “fair use” of copyrighted material.
If you are a legal copyright holder or a designated agent for such and you believe that content residing on or accessible through our website infringes a copyright and falls outside the boundaries of “Fair Use”, please send a notice of infringement by contacting email@example.com.
We will respond and take necessary action immediately.
If notice is given of an alleged copyright violation we will act expeditiously to remove or disable access to the material(s) in question.
All 3rd party material posted on this website is copyright the respective owners / authors. Aletho News makes no claim of copyright on such material.
Site infoAletho News
Blog at WordPress.com.