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Only tax-payer funding can save the unprofitable nuclear industry

scrutiny-on-costsJames Corbett: The nuclear industry is not profitable and could not exist without government subsidy.http://investmentwatchblog.com/james-corbett-the-nuclear-industry-is-not-profitable-and-could-not-exist-without-government-subsidy/

Submitted by IWB, on March 28th, 2015 Japan: Four years after the nuclear meltdown at Fukushima, the scope of the cleanup is mind-boggling. James Corbett (starting about 15% into the clip) says the nuclear industry is not profitable and could not exist without government subsidy. Corbett, who lives in Japan, refers to the decontamination effort as ‘theater’ because the money is flowing to a corrupt construction industry, which he compares to Japanese organized crime.

$6.8 billion Great Wall of Japan: Four years after the nuclear meltdown at Fukushima, TEPCO, the company that owns the plant, is still struggling to deal with the outpouring of radioactive water. Rainwater flows downhill and through the mangled nuclear plant every day and becomes contaminated on its way to the ocean. TEPCO plans to build a wall of ice by freezing soil surrounding the facility to re-direct the water.

http://finance.yahoo.com/news/6-8-billion-great-wall-235810448.html

March 30, 2015 - Posted by | general

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