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Nuclear Liability Concern Lingers Despite India Signing Treaty
http://www.bloomberg.com/news/articles/2016-02-25/nuclear-liability-concern-lingers-despite-india-signing-treaty
Nuclear Liability Concern Lingers Despite India Signing Treaty
by
Stephen Stapczynski
Rajesh Kumar Singh
Natalie Obiko Pearson
February 24, 2016 — 8:12 PM PST
- Nuclear accident law stymies plans to boost capacity 10-fold
- U.S. nuclear companies seen in `wait and see' position
The world’s biggest nuclear technology suppliers may need more convincing that India’s liability law won’t leave them responsible for accidents.
The nation earlier this month ratified an international treaty on nuclear liability, which it said “marks a conclusive step” in addressing concerns about its legislation. Westinghouse Electric Co. said India’s law still leaves technology suppliers liable for accidents, while Electricite de France SA said it’s awaiting more information from the government.
<snip>
“Fundamentally, it’s a business decision that has to do with risk,” said Mark Hibbs, a senior associate at the Nuclear Policy Program at the Carnegie Endowment for International Peace. “There’s a continued debate as to whether Indian law would be suspended in the case of a serious accident.”
The country’s Civil Liability for Nuclear Damage Act is a legacy of one of the world’s worst industrial accidents -- the 1984 Union Carbide chemical accident in the central Indian city of Bhopal that killed more than 10,000 people. Since its enactment in 2010, the country has taken steps to convince foreign suppliers that its law adhere to international standard, including its ratification earlier this month of the Convention on Supplementary Compensation for Nuclear Damage, also known as the CSC.
<snip>
Nuclear Liability Concern Lingers Despite India Signing Treaty
by
Stephen Stapczynski
Rajesh Kumar Singh
Natalie Obiko Pearson
February 24, 2016 — 8:12 PM PST
- Nuclear accident law stymies plans to boost capacity 10-fold
- U.S. nuclear companies seen in `wait and see' position
The world’s biggest nuclear technology suppliers may need more convincing that India’s liability law won’t leave them responsible for accidents.
The nation earlier this month ratified an international treaty on nuclear liability, which it said “marks a conclusive step” in addressing concerns about its legislation. Westinghouse Electric Co. said India’s law still leaves technology suppliers liable for accidents, while Electricite de France SA said it’s awaiting more information from the government.
<snip>
“Fundamentally, it’s a business decision that has to do with risk,” said Mark Hibbs, a senior associate at the Nuclear Policy Program at the Carnegie Endowment for International Peace. “There’s a continued debate as to whether Indian law would be suspended in the case of a serious accident.”
The country’s Civil Liability for Nuclear Damage Act is a legacy of one of the world’s worst industrial accidents -- the 1984 Union Carbide chemical accident in the central Indian city of Bhopal that killed more than 10,000 people. Since its enactment in 2010, the country has taken steps to convince foreign suppliers that its law adhere to international standard, including its ratification earlier this month of the Convention on Supplementary Compensation for Nuclear Damage, also known as the CSC.
<snip>