cross-posted from: https://lemmy.world/post/10870837
"President Joe Biden’s administration on Wednesday finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running. "
Because renewable energy sources are too expensive?
Of course it’s a good deal - for the companies involved. They get to socialize the costs, while privatizing the profits.
The rest of us pay for this, and get a legacy of radioactive waste, and a delay in the inevitable transition to renewable power.
For anyone paying attention, this is just one more example of how the nuclear industry has failed economically.