nuclear-news

Booming business for Japan’s nuclear companies, as taxpayers foot the radioactive cleanup bill

Report From Japanese Nuclear Industry Insiders: Business is Booming, Rocket News 24, February 10, 2012 A lingering topic of the Fukushima incident has been how to go forward. Should nuclear plants in Japan be improved or discontinued.
What have been revealed to reporter Hirotoshi Ito by industry insiders are the massive business deals being prepared behind this important social issue.

According to Ito, what we don’t see occurring is what he calls “backspin business” which is profit made off of situations that undo
previous progress. Key players that once had the now-dubious honor of building a strong, clean, and safe nuclear power infrastructure are making preparations to profit from its damage.

For example, Tokyo Electric Power Company (TEPCO) has long struggled with the task of disposing of nuclear waste. Local residents of all TEPCO’s desired locations have been understandably hesitant to accept tons of radioactive material into their neighborhoods.Luckily for TEPCO the wasteland of the likely to be decommissioned Fukushima Daini (Number 2) Reactor is now the perfect place for them to set-up a decontamination factory….

General contractors are also in line to rake in money. Thanks to their friends at the JAEA, three companies, Kashima, Obayashigumi, and Taiseikensetsu were responsible for building 45 of Japan’s nuclear plants. Now they are looking to JAEA for work decontaminating 12 cities in Fukushima Prefecture. The Japanese government has entrusted JAEA with management of clean-up efforts in the area. If you recall, one of JAEA’s previous incarnations, the PNC, was responsible for the Monju Nuclear Plant accident and cover-up. JAEA has since been bogged down in an expensive effort to restart and maintain that plant for over a decade.

One benefit to regular citizens is the trickle-down revenue local business can make from clean-up crews. Beyond that, the largest
investors in this massive project, the Japanese taxpayers, are taking all the risk and getting no dividends. Meanwhile in the words of one TEPCO employee “after the closing and decontamination, [these companies] will be able to put food on the table for decades.”..
http://en.rocketnews24.com/2012/02/10/report-from-japanese-nuclear-industry-insiders-business-is-booming/

February 11, 2012 - Posted by Christina Macpherson | Japan, secrets,lies and civil liberties