Help us close the nuclear subsidy loophole18 April 2011
Say no to public bailouts of the nuclear industry.
The coalition Government claims our taxes will not subsidise nuclear power.
But a new law currently before Parliament opens the way for public bailouts if the cost of dealing with nuclear waste spirals.
Instead of risking a nuclear bailout, the Government should set this money aside for nationwide energy saving and investment in renewable power.
Current rules
Before a new nuclear plant can be built the energy company and Government must agree a plan for closing it down at the end of its life.
Then if unexpected costs arise the Government can force energy companies to pick up the bill.
Investment risk vs public risk
But ministers say this could put off investors in new nuclear plants.
And if the new law is passed Governments will be able to give up their right to change the agreed plan.
This means if clean-up costs spiral, we could be picking up the tab.
Take action
Alert key figures in the three main parties to this nuclear loophole - and ask them to support clean, green energy instead.
Email the key politicians
