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Russia rejects Trump allegation it violating U.N. sanctions on North Korea: Ifax

 https://www.reuters.com/article/us-usa-trump-russia-korea/russia-rejects-trump-allegation-it-violating-u-n-sanctions-on-north-korea-ifax-idUSKBN1F70UN     MOSCOW (Reuters) 18 Jan 18– Moscow regards an allegation by U.S. President Donald Trump that it is in breach of U.N. sanctions on North Korea as absolutely groundless, the Interfax news agency cited an unnamed source at the Russian Foreign Ministry as saying on Thursday.

Trump said in an interview with Reuters on Wednesday that Russia was helping North Korea evade international sanctions and was probably helping supply Pyongyang with anything that China had stopped giving it. Reporting by Polina Devitt; Editing by Andrew Osborn

January 19, 2018 Posted by | politics international, Russia, USA | Leave a comment

See what a nuclear bomb would do to your city – example Bellevue USA

Here’s What A Nuclear Bomb Would Do To Your City https://patch.com/washington/bellevue/heres-what-nuclear-bomb-would-do-your-city Would you survive a nuclear attack? A new tool lets you see what a nuclear bomb would do to your city. By Neal McNamara , Patch Staff BELLEVUE, WA – With the unfortunate nuclear false-alarm in Hawaii still fresh in our minds, aren’t you a little curious to see what would happen if a real nuclear weapon did strike the U.S.? A professor at the Stevens Institute of Technology has created a pretty scary tool that shows you the blast radius and an estimate of deaths in the event of an attack.

For a demonstration, we used the tool to look at what a nuke would do if it landed in downtown Bellevue. According to professor Alex Wellerstein’s “Nuke Map,” a 150 kiloton nuke – about the size most recently tested by North Korea – would kill about 56,000 people and leave 175,000 people injured.

The area in a 1,500-foot radius around the impact site would be incinerated by a fireball, while anyone within a 3-1/2 mile radius would suffer third-degree thermal radiation burns. The thermal radius includes residents of Mercer Island, Kirkland, Redmond, and Medina. And that doesn’t include nuclear fallout, which would affect a significantly larger area.


Find out what a nuclear bomb would do to your city here


But take the “Nuke Map” with a grain of salt because it’s just a model. And take heart that nuclear confrontation with a country like North Korea is extremely, highly unlikely.

January 19, 2018 Posted by | USA, weapons and war | Leave a comment

India again test-fires a nuclear-capable intercontinental ballistic missile

India successfully test-fires a nuclear-capable intercontinental ballistic missile

  • The nuclear-capable Agni-V ICBM was fired from Abdul Kalam island off the coast of the eastern state of Odisha at around 9:53 a.m. local time (11:23 p.m. ET on Wednesday)
  • The same missile has been tested five times over the past six years, with the most recent test prior to Thursday’s launch coming in December 2016
  • Relations between China and India deteriorated significantly in 2017, following a protracted border dispute in the western Himalayas
Sam MeredithIndia successfully launched a long-range intercontinental ballistic missile (ICBM) on Thursday.

The nuclear-capable Agni-V ICBM was fired from Abdul Kalam island off the coast of the eastern state of Odisha at around 9:53 a.m. local time (11:23 p.m. ET on Wednesday).

India’s Defense Ministry said the test was a “major boost” to the country’s defense capabilities. The same missile has been tested five times over the past six years, with the most recent test prior to Thursday’s launch coming in December 2016. That test prompted exasperation from two of New Delhi’s most important continental rivals, China and Pakistan.

Relations between China and India deteriorated significantly in 2017, following a protracted border dispute in the western Himalayas. And given the world’s two biggest emerging economies are both equipped with nuclear weapons, observers were fearful of escalating geopolitical tensions……….https://www.cnbc.com/2018/01/18/india-missile-new-delhi-successfully-tests-a-nuclear-capable-icbm.html

January 19, 2018 Posted by | India, weapons and war | Leave a comment

Indigenous Canadians oppose “insanity” of planned nuclear waste disposal near Ottawa River

‘Insanity’ to allow nuclear waste disposal near Ottawa River, Indigenous groups say http://www.cbc.ca/news/canada/ottawa/chalk-river-nuclear-waste-indigenous-1.4492937
Canadian Nuclear Laboratories facility in Chalk River, Ont., could be up and running in 2020, CBC News  Jan 18, 2018 Indigenous groups say a plan to dispose of nuclear waste near the Ottawa River in eastern Ontario is “insanity” and want the federal government to intervene.

Canadian Nuclear Laboratories, a private company, wants a 10-year licence to keep running the Chalk River nuclear labs in eastern Ontario.

In 2014, the federal government gave Canadian Nuclear Laboratories (CNL) control over nuclear operations at Chalk River. The government continues to own the nuclear assets.

CNL has plans for a permanent nuclear waste disposal site at Chalk River, plans that have been criticized by a concerned citizen’s group as being “cheap, dirty, unsafe and out of alignment with International Atomic Energy Agency guidance.”

Nuclear waste in Chalk River will cost billions to deal with and leave a legacy that will last centuries, opponents say.

“Trying to build this giant mound of radioactive waste … is insanity,” said Patrick Madahbee, grand council chief of the Anishinabek Nation, which advocates for around 40 communities representing around 65,000 people across Ontario.

He said CNL has an obligation under the United Nations Declaration on the Rights of Indigenous Peoples to consult Indigenous people about storing hazardous materials in their territory, but CNL hasn’t talked to them about it.

The waste facility could be operational by 2020.

“We understand this is a complex file, but clearly the risks here are to people’s drinking waters and traditional territories,” said Patrick Nadeau, executive director of the Ottawa Riverkeeper.

CNL’s licence to run the Chalk River labs expires on March 31 and the consortium has asked the regulator, Canadian Nuclear Safety Commission, for a 10-year licence agreement, rather than the usual five-year term.

The Canadian Nuclear Safety Commission will hold public hearings in Pembroke, Ont., from Jan. 23 to 25 to consider CNL’s licence.

Dozens of delegations have registered to comment at the hearings. But Mark Lesinski, president of Canadian Nuclear Laboratories said among those posed to present submissions at the hearings, there are a number of “misunderstandings.”

January 19, 2018 Posted by | Canada, indigenous issues, opposition to nuclear, wastes | Leave a comment

UN Secretary-General Antonio Guterres is urging nations not to damage Iran’s 2015 nuclear agreement

UN Chief Warns Against Endangering Iran Nuclear Deal  https://www.rferl.org/a/un-chief-guterres-warns-against-endanger-iranian-nuclear-deal-unrelated-issues-ballistic-missile/28982016.html  UN Secretary-General Antonio Guterres is urging nations not to damage Iran’s 2015 nuclear agreement with world powers because of concerns they may have with Iran’s nonnuclear military activities in the Middle East.

“Issues not directly related to the [nuclear deal] should be addressed without prejudice to preserving the agreement and its accomplishments,” Guterres said in a statement on January 17.

The deal is a “major achievement of nuclear nonproliferation and diplomacy, and has contributed to regional and international peace and security,” he said.

The administration of U.S. President Donald Trump has repeatedly criticized Iran’s ballistic-missile development as well as support for Syria’s government in a six-year civil war and its backing of Yemeni Huthi rebels, while demanding major changes in the nuclear deal.

On January 12, Trump threatened to pull out of the deal unless it is changed to clearly prohibit ballistic-missile development, among other changes he is seeking.

Trump said he was waiving U.S. nuclear-related sanctions for another 120 days, as required under the deal in exchange for curbs on Iran’s nuclear activities.

But he said was doing so for the “last time” to give U.S. and European negotiators a “last chance” to enact measures to fix what he called the deal’s “disastrous flaws.”

Iran has ruled out any changes in the agreement, maintaining that Trump’s demands violate terms of the deal sealed by the administration of former U.S. President Barack Obama and signed by Britain, France, Germany, China, and Russia.

While the Trump administration insists that Iran’s testing of ballistic missiles that are capable of carrying nuclear weapons violates the “spirit” of the nuclear accord, Guterres noted that the International Atomic Energy Agency has repeatedly concluded that Iran is fulfilling its side of the agreement.

Based on reporting by AFP and Reuters

January 19, 2018 Posted by | 2 WORLD, Iran, Religion and ethics | Leave a comment

“Make A Change World” – brothers work to clean up polluted superfund sites

These Brothers Are Cleaning Up Waterways Where The EPA Has Failed http://uproxx.com/life/make-a-change-world-environmental-clean-up/, ZACH JOHNSTON, LIFE WRITER01., 17.18 
Environmental pollution from industry abuse and human negligence feels like it’s part of another era — especially if you live in America. For many of us, it all feels like something that happens elsewhere and not in our own backyards. While we have made great strides in fighting against industrial pollution since President Nixon founded the EPA, there have been numerous regressions and disasters along the way. Sometimes, it’s right under our noses.

Brothers Sam and Gary Bencheghib have taken matters into their own hands. When they moved to Brooklyn, they were shocked to find several of the country’s most polluted waterways weren’t a country away but, literally, in their own backyards. For the earth-loving duo, it was a call to action.

The brothers — along with millions of residents in Queens and Brooklyn — live within a stone’s throw of three Superfund sites. Those are the places the EPA deems so polluted, toxic, or destroyed by a natural disaster that a fund has to be set up to clean up the area as quickly as possible. Among these, Newtown Creek is considered one of the most polluted spots in all of the United States. This is thanks to over a century of industrial waste being spewed into the river, raw sewage still being pumped into the waterway every day, and a semi-continual oil spill that’s seen 30 million gallons spilled into the water.

Add in the usual plastic waste that’s clogging our waterways and you have an American river that’s bafflingly poisoned.

The Gowan Canal is similarly toxic. The freshwater stream has been used for shipping of waster and toxic materials for so long that if you were to fall into the water, you’d have to be rushed to a hospital for decontamination procedures. Drinking the water would risk dysentery, arsenic poisoning, and, eventually, cancer.

The Bencheghib brothers know they cannot clean this up all by themselves. Their task is to bring awareness to the sites through their work with Make A Change World. The group aims to directly involve the average person is cleaning up the messes we’re making around the world — through an overuse of plastics and the under-regulated waste from industry.
Currently, “the bros” are focusing on their own backyard in Brooklyn, by highlighting the Superfund sites of Newtown Creek and Gowan Canal. These two sites are both earmarked for clean up operations to begin, but the process is slow and faces hurdles. Meanwhile, the current White House leadership plans to cut $327 million out of the EPA’s Superfund budget and has forbidden the EPA from speaking with citizens.

Luckily, the administration’s disinterest in the environment won’t have drastic effects on the clean up of Newtown Creek and Gowan Canal, as those sites have responsible parties who have been tasked with funding the lion’s share of the cleanup costs. WNYC reported back in November that the six major polluters of Newtown Creek were identified along with the 30 polluters of Gowan Canal. This means, hopefully, the cleanups will go forward unhindered.

Just down the street from Newtown and Gowan is a site called Wolff-Alport. This was the site of an earth metals extraction facility that shuttered in the 1950s. One of their extractions was the radioactive element thorium. That process has made the Wolf-Alport site the most radioactive spot in New York City. Since the company responsible for the radioactive pollution went out of business over 70 years ago, there’s no one to fine and, thereby, collect the funds to clean up the site. The whole tab falls on the shoulders of the EPA’s Superfund budget. WNYC talked to the EPA and they have an estimated cost of $39.9 million to clean up this radioactive site. Currently, there’s $650,000 in the account designated for that job. The acting deputy regional administrator for EPA said bluntly of the site that “What we do know is that people are actually being exposed.”

It would seem to reason that radioactive exposure to the citizens of New York would be a little higher on the list of sites the EPA and local, state, and the federal government would be rushing to clean up. That’s where Make A Change World comes in. 75 years is too long to wait for a radioactive, oil-soaked, or just plain toxic site to be cleaned up. Like the Bencheghib brothers, it’s time to take action in our backyards, in the voting booths, and in how we live our lives.

January 19, 2018 Posted by | environment, thorium, USA | Leave a comment

World Economic Forum’s Global Risks Report found nuclear war, extreme weather top list of 2018 global threats

Nuclear war, extreme weather top list of 2018 global threats, SMH, Kim Hjelmgaard, 18 Jan 18, London: Nuclear war, cyber attacks and environmental disasters top the list of man-made threats to global stability in 2018, according to a survey of 1000 international leaders from business, government, education and service groups.

The threat of another global financial meltdown, more likely in past years, has ebbed because of economic expansions underway worldwide, the annual World Economic Forum’s Global Risks Report found. It was released on Wednesday in advance of the forum’s meeting next week in Davos, Switzerland.

Mother Nature topped the most significant risks facing the world for a second year in a row, the survey showed. That includes natural disasters and extreme weather events that human-caused climate change may be abetting.

The risk of nuclear war climbed up the list of concerns as a result of North Korean leader Kim Jong-un’s tests of ballistic missiles and nuclear weapons, and US President Donald Trump’s bellicose vows to annihilate North Korea if it launches an attack.

A near unanimous 93 per cent of respondents expect a worsening of “political or economic confrontations/frictions between major powers” this year. Nearly 80 per cent think risks associated with “state-on-state military conflict or incursion” and “regional conflicts drawing in major powers” will be higher than in years past.

Trump will join other world and business leaders in the Swiss Alpine resort January 23-26 for the forum, where he is scheduled to give the closing address, organisers said……….

The greatest concerns for North American business leaders are cyber attacks, terrorism, asset bubbles, fiscal crises and the failure of adapting to climate change……… http://www.smh.com.au/world/nuclear-war-extreme-weather-top-list-of-2018-global-threats-20180117-h0k0ce.html

January 19, 2018 Posted by | 2 WORLD, safety | Leave a comment

Police raid headquarters of Newsweek

NYPD officers raid Newsweek headquarters https://nypost.com/2018/01/18/nypd-officers-raid-newsweek-headquarters/amp/?__twitter_impression=true, By Keith J. Kelly January 18, 2018 About two dozen NYPD offficers and investigators from the Manhattan district attorney’s office raided the offices of Newsweek and its parent company, IBT Media, on Thursday.

IBT Media was co-founded by Jonathan Davis and Etienne Uzac. The IRS placed a $1.2 million federal tax lien against Uzac in December 2017.

The agents were said to be photographing servers in the offices, but not downloading any files at the offices on 7 Hanover Square, according to sources.

They appeared to be photographing the serial numbers on the machines, said a source.

In the past, IBT has been linked to a Christian church founded by Korean American evangelist David Jang and Olivet University, a university in California that Jang’s followers founded.

NYPD and the IRS had not responded to a call by press time. The Manhattan DA declined to comment.

January 19, 2018 Posted by | general | Leave a comment

Michigan organises plans for the possibility of a nuclear attack

Michigan dusts off nuclear plans amid war of words Justin A. Hinkley, Lansing State Journal  Jan. 18, 2018 “……..Michigan’s response to a nuclear attack is spelled out in its 342-page Emergency Management Plan that covers everything from floods to infrastructure failures to riots. The State Police plan for satellites falling out of the sky and meteor strikes, Kelenske said.

January 19, 2018 Posted by | USA, weapons and war | Leave a comment

International Atomic Energy Agency getting desperate? Hopes to get Uganda buying nuclear power.

Uganda pushes for nuclear energyBy Vision Reporter, New Vision, 18th January 2018 People are not aware that you can use nuclear very peacefully for the well-being of humanity,Museveni said. KAMPALA – President Yoweri Museveni has said that unless solar becomes a cheaper alternative source of clean energy, Africa and Uganda in particular will have to use nuclear energy to improve the welbeing of its people…….The main issue is energy resource. Nuclear is clean energy, better than fossil fuels…….Museveni was meeting the Director General of the International Atomic Energy Agency (IAEA) Yukiya Amano at State House Entebbe on Wednesday. ……
The DG Yukiya Amano said as IAEA, they are doing a lot in making nuclear energy for peaceful use and is already supporting Uganda in implementing projects that use nuclear for peaceful purposes for the wellbeing of the people………
He said it is no longer the energy for only developed countries. Despite it requiring a lot of preparations, it is important that the transfer of technology from IAEA to other countries to increase on the welfare of the people…….The important issues are; public acceptance, money and technology. IAEA is very happy to work with you and help you at every level,” he said………https://www.newvision.co.ug/new_vision/news/1469249/uganda-pushes-nuclear-power

January 19, 2018 Posted by | AFRICA, marketing | Leave a comment

America’s toxic Superfund sites to be ignored, as Pruitt cuts EPA funding?

Batavick: EPA cuts will have real consequences http://www.carrollcountytimes.com/opinion/columnists/cc-op-batavick-20180108-story.html, Frank BatavickContact Reporter

 I received an email on Dec. 25 from a high school and college friend informing me that his kidney cancer had spread to his bones and that he was now in hospice.

Since we were mostly a close bunch in high school — just 128 grads in 1963 — I thought it appropriate to share my friend’s sad news with other classmates and ask for their good thoughts and prayers. Just 12 days later, my friend’s sister contacted me and said he had died peacefully at home. I relayed this sorrowful update to the class.

Among the responders was a classmate who told me that he and my now-departed friend, as well as other kids from the neighborhood, were all regular playmates. Their “playground” in this blue-collar city on the Delaware River was a swampy landfill that was once the location of a gas mantle factory from the 1890s through the 1940s. Gas mantles were small mesh socks coated with radium and thorium that covered a lamp’s gas jet. When ignited, they brightly illuminated America’s streets and houses before electrification.

Today the mantle factory’s former setting is a Superfund site, as classified by the Environmental Protection Agency in 1996. The feds have spent more than $350 million ridding the area and adjacent locales of hazardous wastes, including that deadly radium and thorium. As these elements decay, they give off gamma radiation and radon gas, both proven carcinogens.

The sensible reaction to this horror story would be to double our efforts to protect the environment so today’s and tomorrow’s kids won’t suffer the same horrible fate as these afflicted adults. But then we don’t live in sensible times.Under EPA Administrator Scott Pruitt, the agency is slowly being dismantled. He and President Donald Trump have already canceled or overridden some key environmental regulations on coal waste and vehicle emissions, and the 2018 appropriations bill cuts the EPA’s budget for the Superfund program and climate change research.

Pruitt is on record denying the existence of global warming and, as a result of his staff’s disgust with his beliefs and a federal job freeze and buy-outs, more than 700 employees — 200 or more of them scientists — have left the agency in the last year. According to the union representing EPA staff, Pruitt’s ultimate goal is to cut “at least 3,100 full-time employees.”

Will this make our environment safer? Better yet, do you pack apples in your kids’ lunches? Last February, Pruitt withdrew a proposed ban on pesticides containing chlorpyrifos, used on apples, oranges and cherries across the country. This was despite the EPA’s own scientists, supported by the 66,000-member American Academy of Pediatrics, arguing that even low exposure levels to chlorpyrifos during early childhood increases the risk of learning disabilities, including reduced IQ and developmental delay, and behavioral problems, like ADHD. For expectant and new mothers, the agency’s scientists concluded that even the smallest amounts of the chemical can impact the brain development of fetuses and infants.

Chlorpyrifos are considered so toxic that their use has been banned in homes, schools, day care facilities, parks, hospitals, nursing homes and malls since 2000. But Pruitt says they are OK for your fruit bowl. The pesticide has also proven hazardous to farmworkers and approximately 1,800 critically threatened or endangered species.

A not-so-much fun fact is that Dow Chemical, the manufacturer of Lorsban which contains chlorpyrifos, underwrote President Trump’s inaugural parties to the tune of $1 million. Draw your own conclusions.

As things go, it’s not an especially big leap from a toxic playground in New Jersey in 1955 to an apple orchard in Maryland in 2018. The difference is that today we are supposed to be more discerning because some of us have reaped a sad harvest of family and friends who didn’t know a Superfund from Superman when they were growing up.

So what lessons have we learned? For me it is the undying power of greed — the greed that once caused a company to bury its toxic wastes instead of properly disposing of them, and the greed evinced by the current administration that’s at the beck and call of its corporate benefactors, whether they produce energy or chemicals. This hasn’t changed over the years, even when the guinea pigs are our own sons and daughters.

Frank Batavick writes from Westminster. His column appears Fridays. Email him at fjbatavick@gmail.com.

January 19, 2018 Posted by | environment, thorium, USA | Leave a comment

Is safety from nuclear attack a State or a Federal responsibility?

Federal responsibility in nuclear attack alerts is unclear, AP, By CALEB JONES, HONOLULU (AP) 18 Jan 18, — A timeline shows Hawaii officials botched efforts to immediately correct a false missile alert over the weekend, taking more than 20 minutes to contact federal authorities for approval they didn’t need and then taking another 15 minutes to cancel the alert that was sent to mobile devices statewide.

The astonishing error and dismal response has prompted both state and federal investigations and left one of the state’s U.S. senators wondering aloud if top brass at the Hawaii Emergency Management Agency should be replaced.

“I think (Gov.) David Ige has a tough decision in front of him, and it’s his call,” Sen. Brian Schatz told reporters Wednesday. Either way, the state has a long road ahead in restoring the public’s confidence in the alert system, the Democrat said.

Nearly 40 minutes passed between the time Hawaii officials fired off the bogus alert about an incoming missile over the weekend and the moment the notice was canceled.

The confusion raises questions about whether any state should be solely responsible for notifying the public of such an event. The debate comes as North Korea claims it is testing weapons that could deliver a nuclear-tipped ballistic missile to Hawaii, Guam and even the U.S. mainland.

Hawaii is the only state in the nation with a pre-programmed alert that can be quickly sent to wireless devices if a ballistic missile is heading toward the U.S. FEMA said Hawaii did not require its approval to cancel the alert on Saturday.

U.S. Reps. Colleen Hanabusa and Tulsi Gabbard, both of Hawaii, have asked the House Armed Services Committee to hold a hearing on the issue.

They said in a letter to the committee Tuesday that it’s understandable for states to have primary jurisdiction over warnings for floods, hurricanes and other natural disasters.

“However, when it comes to matters of national security, including whether a ballistic missile has been launched against the United States, one must question whether any state emergency management agency is best suited for that role,” the letter says………

President Donald Trump did not make any public comments about the false alert on Saturday. He was at his golf club in West Palm Beach, accompanied by House Majority Leader Kevin McCarthy.

Asked about the alert on Sunday, the president said it was “a state thing.”…….https://apnews.com/81a377f739c64036afd035e2d95c4576

January 19, 2018 Posted by | USA, weapons and war | Leave a comment

Nuclear companies EDF, Horizon, struggle to get investors and taxpayer funding for UK nuclear projects

FT 17th Jan 2018, EDF is aiming to attract pension funds and other institutional investors to
help finance another UK nuclear plant at Sizewell to follow its £20bn
project at Hinkley Point.

The French state-controlled utility said it was working on “innovative financing models” for its Sizewell C project in
Suffolk and was in early-stage talks about potential UK government backing for the project.

EDF’s plans for Sizewell are longstanding but remarks on
Wednesday by Simone Rossi, the company’s new UK chief executive,
represented its firmest commitment to the project so far. Mr Rossi insisted
he had “absolute support” from EDF’s leadership in Paris to push
ahead with Sizewell, despite stress on the company’s finances from its
existing nuclear construction projects at Hinkley in Somerset and
Flamanville in France.

He said EDF aimed to cut the construction cost of
Sizewell by 20 per cent compared with Hinkley through efficiency gains.

Horizon, another UK nuclear developer owned by Hitachi of Japan, is also
aiming to attract institutional investment in its proposed Wylfa nuclear
plant in Wales. Horizon believes pension funds will be interested once its
plant is finished and it wants help from the UK and Japanese government to
finance construction in the meantime. Mr Rossi said public finance for
Sizewell was “not a prerequisite” but EDF would work with the UK
government to develop alternative financing structures.

Investment is also expected from Chinese state-owned CGN, which owns a third of Hinkley, and
is planning its own UK nuclear plant in partnership with EDF at Bradwell in
Essex. Sizewell, Bradwell and Wylfa are competing for finance and political
support, along with the Moorside project in Cumbria which is in the process
of being sold by Toshiba of Japan to Kepco of South Korea.
https://www.ft.com/content/9555cd14-fbad-11e7-9b32-d7d59aace167

January 19, 2018 Posted by | business and costs, politics, UK | Leave a comment

Troubled Toshiba plans to eliminate negative net worth by selling Westinghouse claims to U.S. hedge fund

 https://www.japantimes.co.jp/news/2018/01/18/business/corporate-business/troubled-toshiba-plans-eliminate-negative-net-worth-selling-westinghouse-claims-u-s-hedge-fund/#.WmFS_aiWbIU

KYODO Toshiba Corp. said Thursday it is set to eliminate its negative net worth and improve its finances by some ¥410 billion ($3.68 billion) after agreeing to sell its claims in its now-bankrupt U.S. nuclear unit to a U.S. hedge fund.

The company has agreed to sell claims related to Westinghouse Electric Co. to the Baupost Group LLC for $2.16 billion, with the transaction set to be completed by the end of the month. Westinghouse-related shares will be sold by the end of March to Canada’s Brookfield Business Partners LP, which will acquire the U.S. nuclear unit.

The value of Westinghouse itself is $1 after it filed for Chapter 11 bankruptcy protection in March.

Following the sale of Westinghouse-related claims and shares, Toshiba will likely secure net assets of ¥270 billion.

Toshiba had projected its negative net worth would stand at some ¥750 billion at the end of March, but raised ¥600 billion through a third-party allocation of new shares last month, effectively removing the risk of delisting. But it still needed cash to improve its financial standing.

The Japanese conglomerate is also looking to complete the sale of chip unit Toshiba Memory Corp. by the end of March to further improve its dire financial standing. The sale, announced in September to a consortium led by U.S. fund Bain Capital, has been reported to be worth roughly ¥2.4 trillion.

Toshiba Memory is currently going through antitrust screenings in multiple countries.

January 19, 2018 Posted by | business and costs, Japan | Leave a comment

Groups opposed to new nuclear licence march in Ottawa

,Opposition groups say private consortium lacks proper oversight for nuclear labs, By Julie Ireton, CBC News  Jan 18, 2018 Ole Hendrickson, a former government research scientist, worries that if Canadian Nuclear Laboratories gets the 10-year licence the private consortium wants to keep running the Chalk River nuclear labs in eastern Ontario, approval of a proposed nuclear waste site won’t be far behind.

Hendrickson will be among the concerned citizens, Indigenous leaders, environmentalists and former nuclear scientists marching through downtown Ottawa on Thursday, as they deliver their objection to the licence proposal to municipal and federal politicians.

Nuclear waste in Chalk River will cost billions to deal with and leave a legacy that will last centuries, notes Hendrickson.

In 2014, the federal government gave Canadian Nuclear Laboratories (CNL) control over nuclear operations at Chalk River. The government continues to own the nuclear assets.

CNL’s licence to run the Chalk River labs expires on March 31 and the consortium has asked the regulator, Canadian Nuclear Safety Commission, for a 10-year licence agreement, rather than the usual five-year term…….

CNL also has plans for a permanent nuclear waste disposal site at Chalk River, plans that have been criticized by a concerned citizen’s group as being “cheap, dirty, unsafe and out of alignment with International Atomic Energy Agency guidance.”

The Canadian Nuclear Safety Commission will hold public hearings in Pembroke, Ont., from Jan. 23 to 25 to consider CNL’s licence.

Dozens of delegations have registered to comment at the hearings.

Lynn Jones, who worked in public health for years and now represents a coalition of concerned citizens, will be among those speaking out at the Pembroke hearings next week.

“Personally I have a big problem with profit being part of dealing with nuclear waste. I’m not alone in that,” Jones said.

She noted that two-thirds of the 88 interventions take issue with the 10-year licence and what they perceive as “reduced oversight”.

Lack of stability, oversight: scientists

In submissions already published, former Atomic Energy of Canada scientists write that “a decision by the Commission to grant a 10 year licence to CNL would be an unsafe and unsound decision.”

The scientists allege “instability in CNL management, lack of knowledge of key regulations and international obligations, and lack of open and transparent public engagement.”

Canadian firm, SNC Lavalin is one of the members of the CNL consortium.

At least one submission cites the legal issues facing SNC Lavalin as a reason the Canadian Nuclear Safety Commission must reject the licensing application…….http://www.cbc.ca/news/canada/ottawa/nuclear-chalk-river-license-renewal-1.4492167

 

January 19, 2018 Posted by | Canada, opposition to nuclear | Leave a comment