Nuclear Issues

Nuclear energy powerhouse Westinghouse Electric Co. filed for Chapter 11 bankruptcy on 29 March, with its parent company Toshiba writing off more than $6 billion in losses connected to its US businesses. Westinghouse was engaged in negotiations to build six AP1000 nuclear reactors in India as part of the landmark US-India civilian nuclear agreement. The bankruptcy filing raises fresh questions, not just about the fate of the reactors, but also about the future of the nuclear deal.

This week, when the leaders of the G8 industrial democracies gather in France, their meeting will include discussions of what steps must be taken to strengthen global nuclear safety and global nuclear security  in the aftermath of the tragedy at Fukushima. The Belfer Center's Matthew Bunn and Olli Heinonen suggest new actions the world community should take in five key areas in order to prevent another Fukushima.