Scientists: Nuclear power isn't viable without corporate welfare
Article discusses Earth Track's report on nuclear subsidies, prepared for UCS:
Nuclear power was supposed to be too cheap to meter, but a science-based nonprofit that advocates for environmental and public health issues has published a new report that casts doubt that it was ever really economically viable.
Union of Concerned Scientists (UCS), which views nuclear power subsidies as a risky investment, published its latest report on nuclear power, “Nuclear Power: Still Not Viable Without Subsidies,” today.
The UCS said in a press release that the U.S. nuclear power industry has been “propped up” for over 50 years by a “generous array of government subsidies that have supported its development and operations.”
The report finds that taxpayers have subsidized the nuclear fuel cycle through every stage from mining to long-term storage of radioactive waste. It identified a total of 30 different subsidies that when combined have repeatedly exceeded the average market price of any power produced...