Antinuclear

Australian news, and some related international items

Nuclear power financially dangerous for India, and USA

Indians have little to gain from caving to U.S. pressure….nuclear electricity is still one of the most uneconomical ways for it to meet its near and mid-term power requirements……..

More important, domestic U.S. legal nuclear liability caps will sunset in 15 years and leave firms totally exposed in the case of a nuclear accident…….

India Unmasks America’s Nuclear Liabilities – WSJ.com, * SEPTEMBER 13, 2010 Private companies should insure themselves, not ask Delhi to do it for them. By HENRY SOKOLSKI

India’s parliament last week gave the U.S. nuclear industry the legal equivalent of a Bronx cheer: It passed a law that denied American firms legal immunity from being sued in the event of a nuclear accident.

Besides upsetting executives at General Electric and Westinghouse, the law’s passage destroys one of the 2008 U.S.-Indian nuclear deal’s key pitches—that it would energize the “world’s largest democracy” with up to $150 billion in U.S. reactor sales. The U.S. is up in arms, so to speak, because private American firms can’t take on such risk—……

Indians have little to gain from caving to U.S. pressure. Having suffered thousands of fatalities from the 1984 Bhopal incident and having received a pittance from Union Carbide in compensation, Indians are not just making an anti-imperialism point in protesting attempts to shield U.S. nuclear firms from accident liability. They are protecting their population’s security.

New Delhi’s policy makers also understand that the demand for such immunity is coming from Washington. France and Russia have voiced some concerns but ultimately they and other foreign nuclear suppliers know that any Indian litigant would face impossible odds if they tried to secure compensation from government-backed firms through their court systems……

despite India’s ambitious plans for nuclear expansion, nuclear electricity is still one of the most uneconomical ways for it to meet its near and mid-term power requirements. As a Dalberg Global Development Advisors study recently noted, India’s economic and energy-security targets through 2035 could easily be reached without significantly increasing nuclear power. The most cost effective way for India to reduce its carbon emissions is to invest in clean coal technologies, demand-side management systems and renewable energy.Rather than afford India more help on these fronts though, the White House and U.S. State Department officials are now straining to figure how to work around India’s new law…….
For America’s nuclear industry, India’s nuclear-liability law ought to be seen

as a helpful wake-up call. U.S. nuclear firms have been trying for years to get the international community to grant all nuclear vendors accident liability immunity by promoting the Convention on Supplementary Compensation for Nuclear Damage, an International Atomic Energy Agency initiative. Despite 13 years of jawboning, though, most major nuclear operators are still not on board. More important, domestic U.S. legal nuclear liability caps will sunset in 15 years and leave firms totally exposed in the case of a nuclear accident…….

Henry Sokolski: India Unmasks America’s Nuclear Liabilities – WSJ.c

September 16, 2010 - Posted by | uranium | , , , ,

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