> Companies are expressly forbidden to defend any action for damages on the grounds that an incident was not their fault. That's a small price to pay when your

> Companies are expressly forbidden to defend any action for damages on the grounds that an incident was not their fault. That's a small price to pay when your corporate liability for an event like Fukushima is limited by law to $450 million. This Act set up the NRC administered Nuclear Insurance scheme, which is largely self-funded [1], which claims to have a pool available of $13.5 billion through private insurance, industry self-insurance and a surcharge. Let's go back to the Fukushima cleanup costs. The estimate keeps going up and is rapidly approaching $1 trillion. So far (as of 2022), $82 billion has been spent [2], which is six times the entire nuclear insurance fund. The revenue of the entire industry is listed here [3] as $38.2 billion. Which brings us to my original point: in the event of this level of disaster, it would be the government footing the bill for the clean up. Who do you think would pick up the tab in the US for a Fukushima-like disaster? The commercial nuclear power industry [1]: https://www.nrc.gov/reading-rm/doc-collections/fact-sheets/nuclear-insurance.html https://www.nrc.gov/reading-rm/doc-collections/fact-sheets/n... [2]: https://www.asahi.com/ajw/articles/14762193 https://www.asahi.com/ajw/articles/14762193 [3]: https://www.ibisworld.com/united-states/market-research-reports/nuclear-power-industry/#:~:text=The%20market%20size%20of%20the,at%20%2438.2bn%20in%202023 https://www.ibisworld.com/united-states/market-research-repo....