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Greenpeace Condemns the New International Nuclear Liability Convention


#1

Greenpeace Condemns the New International Nuclear Liability Convention

VIENNA - Greenpeace condemns the new international convention on nuclear liability that came into force today, warning that it protects the nuclear industry, not nuclear victims.

The Convention on Supplementary Compensation on Nuclear Safety (CSC) tightens up the industry's international indemnification and supplier shields, effectively shoving the enormous burden of nuclear risk onto taxpayers and future victims.

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#2

They appear to have a lot of leverage.

One minor plus is the intensity and length of construction required, bringing some economic benefits besides the energy.

Plus big bucks for equipment that has a limited number of sources/suppliers, is highly complex, and very expensive. This offer a lot of opportunities for financial shenanigans, unfortunately.

The financing costs used to be a big concern, with long construction periods accumulating huge debt that gets added to true construction cost, but that must be a much smaller problem today.

They are a powerful group, and nuclear is not going to disappear anytime soon, methinks.