Fukushima Crisis Worse for Atomic Power Than Chernobyl, UBS Says
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The crisis unfolding at the stricken Fukushima Dai-Ichi plant north of Tokyo is likely to hurt the nuclear power industry’s credibility more than the Chernobyl disaster in 1986, UBS AG said.
The accident in the former Soviet Union 25 years ago “affected one reactor in a totalitarian state with no safety culture,” UBS analysts including Per Lekander and Stephen Oldfield wrote in a report today. “At Fukushima, four reactors have been out of control for weeks -- casting doubt on whether even an advanced economy can master nuclear safety.”