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Why there’s no permanent nuclear waste dump in U.S.

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This undated image obtained 22 February, 2004 shows the entrance to the Yucca Mountain nuclear waste repository located in Nye County, Nevada, about 100 miles northwest of Las Vegas.

AFP | AFP | Getty Images

The federal government has a fund of $44.3 billion earmarked for spending on a permanent nuclear waste disposal facility in the United States.

It began collecting money from energy customers for the fund in the 1980s, and the money is now earning about $1.4 billion in interest each year.

But plans to build a site in Yucca Mountain, Nevada, were scuttled by state and federal politics, and there’s been a lack of political will to find other solutions. The result is that the U.S. does not…



Source cnbc.com

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