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|Nuclear power is dangerous and meltdowns are expensive. Nuclear power is so dangerous that the corporations that build nuclear reactors would not do so unless they were protected from the liability of a nuclear accident. As the world has witnessed in Japan, the cost of a nuclear accident far outstrips the insurance coverage governments have jerry-rigged for the benefit of the nuclear industry. Ultimately, the public is left holding the radioactive bag and billions of dollars in accident clean-up costs.
Without an insurance scheme that shifts liability from the corporation to the public, the nuclear industry would never have split the first atom. After the Fukushima disaster, Vermont Law School researcher Mark Cooper stated that: 'If the owners and operators of nuclear reactors had to face the full liability of a Fukushima-style nuclear accident...