Antinuclear

Australian news, and some related international items

Japan to increase loan to Fukushima operator Tepco to $123 billion

Fukushima 311 Watchdogs

Question to ask: why call this a loan when the law, like USA Price Anderson Act, limits nuclear power co from liability and puts the govt on the hook for everything beyond that?
Answer: I’d say most likely simple propaganda. That’s the taxpayers TRILLIONS that’s going to a ‘forever’ nuclear power plant black hole. That money will never be paid back to govt. The only thing I can imagine is that the Govt reneges on the agreement and socializes utilities in Japan. Because either the corporation nor govt can survive unless they do that…. or they can play fictionalized accounting for public.
What do you think?

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Japan will increase an interest-free loan to the operator of the wrecked Fukushima nuclear plant, Tokyo Electric Power, by more than a third to 14 trillion yen ($123 billion), a source familiar with the matter said on Thursday.

Spiraling costs from the world’s…

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December 9, 2016 - Posted by | Uncategorized

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