[pydry]

Financial liability on nuclear plants for nuclear disasters is capped at ~0.5% of the cost of a cleanup like Fukushima/Chernobyl because sophisticated private insurers fully understand the risks and categorically refuse to shoulder them.

Thats why the taxpayer is forced into providing free insurance for every nuclear power plant. The private sector would only ever build solar and wind and storage if externalities like this or CO2/coal pollution were fully priced in. Since the government has a vested (military) reason for wanting a thriving civilian nuclear industrial ecosystem, however, they provide lavish subsidies - some budgeted, while others (like this one) are not.

There is a lot of PR sourced from profit driven pro nuclear lobbies telling us that "contrary to popular opinion" it's totally 110% safe now though - none of which acknowledge the private sector's categorical refusal to assume the financial risks, obviously.

Presumably Greenpeace, who are apparently motivated purely by a desire to protect the environment and fully funded by donations from the environmentally conscious must be the ones who are misleading us. After all, "young climate activists" say it is being "old fashioned": https://www.cbc.ca/radio/asithappens/dear-greenpeace-nuclear...