Since the recent cancellation of one of only two new nuclear reactor projects in the United States, the fate of nuclear power has received significant attention. With cheap natural gas, decreases in energy demand and an increase in renewable energy, nuclear power's high capital costs, technological challenges and massive accident and waste liabilities make it too risky for private investors. As a result, taxpayers have been the backstop keeping the industry afloat for years.
But as industry representatives actively seek further government handouts amid their current struggles, it's time for policymakers to stop the subsidies.
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