Nuclear Cap

Is a limit on liability a subsidy for an industry risking costs it cannot cover?

radiation sign
 In Canada, the new federal limit on liability is $1 billion.

— In November, 2012 Bloomberg estimated the cost of clean-up for Fukushima at $137 billion (an amount equal to the market capitalization of both Toronto Dominion and Royal Bank of Canada). 

Click to Read the Edmonton Journal June 10, 2013 story.

One Comment

  1. “Increasing the cap only decreases the subsidy; it does not eliminate it,” Joel Wood, a senior research economist at the Fraser Institute wrote in a 2011 analysis.

    “The government of Canada should proceed with legislation that removes the liability cap entirely rather than legislation that maintains it, or increases it to be harmonious with other jurisdictions.”

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