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Well insurance companies are typically quite good with numbers and do not want to insure against a nuclear disaster
by cycomanic 5y ago
Well insurance companies are typically quite good with numbers and do not want to insure against a nuclear disaster
- olivermarks 5y agoIMO Small Nuclear Reactors (local units to serve communities) are increasingly viable if we are to continue on the path of an all electric society. Last century big reactors are v old tech and a risk at failure. Small is much better and doesn't require transporting electricity long distances.
- michaelt 5y agoWell, that's partly a matter of scale. The largest insurer in the world has assets of $1,190 billion [1] and the cost of Fukushima cleanup could be as high as $660 billion [2] or even $1 trillion [3] (estimates of this vary wildly). Insuring such a large risk would be like playing russian roulette with the company. [1] https://en.wikipedia.org/wiki/List_of_largest_insurance_companies https://en.wikipedia.org/wiki/List_of_largest_insurance_comp... [2] https://www.scientificamerican.com/article/clearing-the-radioactive-rubble-heap-that-was-fukushima-daiichi-7-years-on/ https://www.scientificamerican.com/article/clearing-the-radi... [3] https://cleantechnica.com/2019/04/16/fukushimas-final-costs-will-approach-one-trillion-dollars-just-for-nuclear-disaster/ https://cleantechnica.com/2019/04/16/fukushimas-final-costs-...
- cycomanic 5y agoSo is it not playing russian roulette when we do it as a society?