nuclear-news

Japanese govt passes law to prop up TEPCO company

Japan Passes Law Supporting Stricken Nuclear Plant’s Operator, NYT 3 Aug 11, By HIROKO TABUCHI, TOKYO — Japan’s Parliament passed a law on Wednesday that will allow the use of public funds to shore up the company operating thecrippled Fukushima Daiichi nuclear plant, and help it pay what is expected to amount to billions of dollars in compensation claims.

The law creates a state-backed fund that will pay damages to victims of the disaster at the plant, where three reactors melted down and spewed radiation after cooling systems were lost in the March tsunami and quake. The government will initially pay nearly $26 billion into the fund, Banri Kaieda, the trade minister, told lawmakers on Tuesday….http://www.nytimes.com/2011/08/04/world/asia/04japan.html

August 4, 2011 - Posted by Christina Macpherson | Japan, politics