Nuclear power is a viable source for cheap energy only if it goes uninsured... The cost of a worst-case nuclear accident at a plant in Germany, for example, has been estimated to total as much as €7.6 trillion ($11 trillion), while the mandatory reactor insurance is only €2.5 billion.... “Around the globe, nuclear risks — be it damages to power plants or the liability risks resulting from radiation accidents — are covered by the state. The private insurance industry is barely liable,” said Torsten Jeworrek, a board member at Munich Re, one of the world’s biggest reinsurance companies....If nuclear energy is expensive and bad for the environment, why is it being pushed so heavily? And why did the Fukushima reactors use plutonium – instead of just uranium? We need a little background to understand the answers. Virtually all of the nuclear reactors in the U.S. are of the same archaic design as those at Fukushima. This design was not chosen for safety reasons. Rather, it was chosen because it worked in Navy submarines, and produces plutonium for use in nuclear weapons. Indeed, safer designs – such as thorium reactors – were left on the shelf because they don’t produce weapons-grade plutonium. Governments have been covering up nuclear meltdowns for 50 years in order to protect the nuclear plant production of weapons-grade nuclear material.
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