Every nation with nuclear power is currently in a frenzy to determine if they
are at risk of ending up in a "situation" like the one plaguing Japan’s
Fukushima nuclear power plant.
What is happening now in Japan simply lets the public in on a secret that has
been well known in both the energy and insurance industries for decades :
No nuclear power plant would exist without a government-backed insurance
liability subsidy.
Nuclear energy is simply not insurable in the free (…)