Canada’s tax-payers up for increased costs for nuclear wastes

nuclear-news

flag-canadaNuclear waste cleanup liability cost up by $2.4B, Ottawa told Andy Johnson,   CTV News, , Mar. 20, 2013  The cost of cleaning up Canada’s nuclear program has risen dramatically in recent years and Ottawa is being warned another $2.4 billion is needed, bring the total to $6 billion.

nuke-reactor-deadAtomic Energy of Canada Limited posted a statement Tuesday saying liability costs will go up by $2.4 billion from $3.6 billion in March of last year.

The estimate represents the cost associated with “decommissioning, managing and disposing of its radioactive waste in a manner that will ensure long-term health, safety, security and environmental responsibility.” “The main reason for the liability adjustment is an increase in the indirect costs attributed to the decommissioning and waste management over the period of up to 70 years of the program,” said a statement posted on the AECL website.

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