Greg Palast; Obama gave 4b subsidy for new nuclear plants in US,. [View All]

[robinlynne]

the Japanese Electic OCmpany is in charge of overseeing the 2 new plants in teas, the same company which just gave us Fukushima.

On an interview late at night on tv last night, Greg Palast spoke about the fraud he uncovered in the nuclear plant construction industry in the US.
Apparently there is one company who builds the nuclear plants. They faked safety inspections and continue to build here. He says the nuclear industry would not even exist here if it were not for the billions of dollars in subsidies given by the federal government to build these plants. We are paying for them. In addition they have a 75 million dollar cap on accidents, so they have almost no liability for the real results of an accident. He said if that cap were removed now there would be no more nuclear plants built ever, because they would never take the risk of being responsible for paying for the harm they can cause. . We the taxpayers get to pay for the damage. And he said they are building 2 new plants in Texas right now, federally subsidized by obama,, and the electricity they produce will cost more than double the electricity produced by wind turbines in the same area of texas.
So the whole thing looks like a pure scam. if we are currently producing electricity safely, and much more cheaply, with clean technology, why are we investing billions into killing ourselves?

I may have some facts wrong. I think it is 4 billion. Saw it around midnight on tv.