Legislation to remove investment obstacle

13 January 2003

Legislators approved the amendment to the Nuclear Safety & Control Act (NSCA). The bill must still be considered in the Senate, but the government dominated upper house is not expected to impede its progress.

The NSCA holds any company or person who has an interest in a nuclear facility, not just the operator, responsible for any contamination that may occur. That was seen as a disincentive for any bank or lending institution considering a loan to a nuclear operator. The new law will hold only the operators, property owners and managers responsible for cleanups.


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