Apple might save Toshiba, and so help build New Nuclear Plants
Apple Has Some Of the World’s Deepest Pockets
As of the end of December 2016, Apple reported a cash balance of $241 billion with 94% of it – $230 billion – overseas. It has continued to add to that growing pile of cash overseas mainly because it has not paid U.S. corporate taxes on the related earnings. Repatriating it under current provisions in the tax code would require a large payment to the federal government…..
Overseas Investments Logically Escape U.S. Taxman
Like any well-managed company, Apple is not counting on the government making any changes to current law. It’s logical to believe that the company might be seriously investigating the possibility of direct investments or acquisitions in companies that are headquartered outside the U. S…….
Direct overseas investments would deploy the cash pile into a use that might be more lucrative than collecting the tiny amounts of interest currently paid to all savers, including large, successful corporations.
Apple has a long standing working relationship with Toshiba and most likely has a number of fans within Toshiba. In 2005, during the exciting stages of the iPod era, Apple made a long term purchase commitment – which came with a substantial cash advance – that enabled Toshiba and other flash memory suppliers to make the investments that have led to a technological revolution and a reliably profitable business segment.
Both Apple and Toshiba have profited from the relationship over the years. In 2011, Apple stopped buying flash memory from Samsung, indicating that its components no longer met the company’s evolving requirements as it improved its products. That decision shifted more sales volume to Toshiba…….
How Would This Investment Help Electricity Customers In Georgia And South Carolina?
Several years ago Toshiba, as Westinghouse’s large, profitable and then stable parent company, provided substantial guarantees in the case of cost overruns for both the Vogtle and Summer projects. Each of those projects, one in Georgia and one in South Carolina involves the construction of two of Westinghouse’s flagship AP1000 nuclear power plants. According to recent document filings, the total amount of Toshiba’s guarantees is about $4 billion.
Toshiba would like to complete the projects and successfully demonstrate the value of the AP1000 technology. Even though the company has indicated that it no longer wants to be in the nuclear plant construction business, it is still very interested in being a part of the nuclear power plant engineering, manufacturing, fuel supply, and services business. That business line will have a much greater potential for future profits after the first units begin operating.
Both Southern Company’s Georgia Power unit and SCANA, as the lead utilities in each consortium building the power plants, are in an evaluation phase to determine if the plants can and should be finished…..
neither of the state utility regulators will allow project completion if the costs seem prohibitive and if the burden of the cost overruns places an excessive burden on their electricity customers.
Though the cost overrun guarantee from Toshiba will apparently survive the Westinghouse bankruptcy, it may end up near the end of the creditor line if Toshiba itself must seek bankruptcy protection…..
North Korea’s steady march towards a missile that can hit America
Month-by-month North Korea edges closer to a missile that can hit America http://www.news.com.au/world/asia/monthbymonth-north-korea-edges-closer-to-a-missile-that-can-hit-america/news-story/d524ea3d65ef15906bb1b1439923fb5d\ APRIL 16, 2017 ANALYSIS
THE strategic temperature on the Korean peninsula continues to rise and North Korea’s failed missile launch has done nothing to dial down tensions.
The launch clearly designed to coincide with the visit of US Vice President Mike Pence to South Korea, as well as sending an unequivocal that Pyongyang is not deterred by the US military build-up in the region.
The missile launch proved to be a dud, but it’s wrong to assume this reveals major flaws in North Korea’s capacity to strike targets far and wide.
The regime in Pyongyang has already proven it possesses the ability to acquire an intercontinental ballistic missile (ICBM) by successfully placing satellites into orbit twice. The regime has also rapidly accelerated the country’s nuclear weapons program, which has been central to North Korea’s strategy of military self-reliance since the 1960s.
Month-by-month, Pyongyang is edging closer to weaponising a nuclear-armed missile that can hit the United States (and by definition Australia). This is a sobering prospect, one that deeply concerns policymakers. It explains why the Trump administration has deployed a carrier battle group to waters surrounding the Korean peninsula, and why Washington will move to reinforce this presence if North Korea tests another missile in coming days, or worse still, a nuclear device.
Pyongyang will probably carry out either a nuclear test or another missile launch before the end of the month. The regime will be keen to validate its credentials in standing up to President Trump, not least to demonstrate to the North Korean people that Kim Jong-un is in firm command of the country but also to prove to the world that North Korea will not be pushed around by any other country, no matter how powerful or who’s in charge.
Andrew O’Neil is Professor of Political Science and Dean of Research in the Business School at Griffith University
Irresponsible of Court rulings to permit restart of restart of Japan’s NPPs
Court rulings permitting restart of NPPs are irresponsible http://www.japan-press.co.jp/modules/news/index.php?id=10497 April 5, 2017 Akahata editorial
‘Safety myth’ may again run rampant
If deeming that as long as the NRA gives a green light to resuming operations of nuclear reactors, courts do not need to judge whether or not such operations are appropriate, they would no longer be judicial apparatuses independent from the government. The Abe Shinzo Cabinet in principle reactivates NPPs which meet the NRA regulatory standards. It is tantamount to reinforcing the “safety myth” about the NRA screening itself.
Both of the court rulings state that people have the right to seek to protect their lives and livelihoods from NPP-related risks as the Constitution guarantees “personal rights”. The two judgements point out that the investigation into the cause of the 2011 Fukushima nuclear meltdown is totally insufficient. Concerning the NRA quakeproofing and tsunami-proofing criteria that the state used in approving the restart of NPPs, the court decisions criticized the criteria as “too lax”, which is of grave significance. The Fukui and Otsu district courts refused to blindly follow the government’s pro-nuclear policy and made independent decisions, clearly highlighting the collapse of the “safety myth”.
However, the recent decisions by the Osaka High Court and the Hiroshima District Court were completely unlike the previous two courts’ decisions. Regarding the nuclear safety standards that the NRA employed in allowing the reactivation of the reactors, the rulings by the two courts acknowledged the safety standards as “not unreasonable”, claiming that they reflect lessons learned from past accidents as well as the latest scientific and technical knowledge”. The Hiroshima ruling not just followed the state policy but abandoned the principle of judicial independence. It asserted that inconsistencies among court judgements will lead to confusion and that the Hiroshima court made the decision in line with the April 2016 decision by the Fukuoka High Court Miyazaki Branch which allowed the operation of Nos 1 and 2 reactors at the Kyushu Electric Power Company Sendai NPP (Kagoshima Pref.). If the judiciary keeps taking such a stance, it will be unable to protect people’s lives and their human rights.
Safeguard people’s rights
In the first place, the Constitution guarantees people’s right to go to court. It is a matter of course that judges should make their own decisions without being influenced by the state.
Tepco’s latest plan for Kawashiwazaki-Kariwa plant envisions restart in 2019
Tokyo Electric is now aiming to restart the Kawashiwazaki-Kariwa nuclear plant in Niigata Prefecture in April 2019, sources say.
The company plans to include the goal in its financial outlook under a reconstruction program, the sources said Friday.
Restarting the giant plant is considered important to Tokyo Electric Power Company Holdings Inc.’s ability to recover from the triple meltdown at the Fukushima No. 1 nuclear plant in March 2011.
But the prospects for rebooting the plant are dim because it is opposed by Niigata Gov. Ryuichi Yoneyama.
The reconstruction plan is also expected to include Tepco’s commitment to pursuing integration with other companies in some areas.
Tepco is expected to draw up the new plan and file for government approval as early as this month.
Six years after Fukushima – women and children still suffer most
The Japanese government is trying to get back to normality after the Fukushima nuclear disaster, but the crisis is far from over for women and children, says Greenpeace. Thousands of mothers have sued the authorities.
Six years ago, the triple disaster – earthquake, tsunami and meltdown at the Fukushima Daiichi power plant – took the lives of almost 20,000 people and displaced more than 160,000 people from their homes. More than 80,000 people are still living in temporary accommodation.
The disaster had an enormous impact on all members of the affected communities, but to this day it is women and children who “have borne the brunt of human rights violations resulting from it,” according to a report by Greenpeace.
While some injustices faced by women and children were caused by policy failures in the immediate aftermath of the disaster, other women’s and children’s rights violations are a direct result of the current government’s plans to resettle residents to “heavily contaminated ares in Fukushima,” says Greenpeace.
In an effort to get back to normality as quickly as possible, the Japanese government is set to lift evacuation orders at the end of March and allow evacuated residents to return to areas close to the Fukushima power plant.
Employees clean an elementary school in Fukushima. It’s scheduled to re-open in April.
Greenpeace warned, however, that radiation levels are still dangerously high and called on the government not to “pressure” residents to return to their contaminated homes, under threat of losing financial support. A year after an area is declared safe, the government will stop paying compensation to evacuees.
In March, Japan will also cut housing support for people who decided to move out although they were not under a government evacuation order.
“Cutting off housing support for self-evacuees threatens more than 10,000 households, potentially forcing many people back to contaminated areas against their will,” says Kendra Ulrich, Global Energy Campaigner with Greenpeace Japan. Ending compensation payments “even though radiation levels far exceed the long-term targets in many areas […] amounts to economic coercion and is a deliberate violation of the law and survivors’ human rights.”
“Atomic divorce”
The resettlement plans create a dilemma for those who refuse to go back to their former homes but are dependent on financial support, especially single mums. After the disaster, a lot of women separated from or even divorced their husbands, who chose to stay in contaminated regions because of their work, and evacuated with their children.
There are no official numbers on how many families split as a result of the disaster. But the phenomenon is common enough to have a name, “genpatsu rikon” – literally meaning “atomic divorce”.
These mothers evacuated with their children from Fukushima prefecture.
Mothers are now faced with the choice between losing housing support or moving back to unsafe areas. In order to speed up the return of evacuees, the government decontaminated corridors and islands instead of entire areas, effectivley creating “an invisible, open-air prison for citizens to return to,” says Greenpeace.
Decontaminated zones often consist of 20 meter strips along roads, around houses and agricultural fields. This poses a health threat as the returnees would be surrounded by contamination.
Mothers are worried about their health and the development of their children. Noriko Kubota, a professor of clinical psychology at Iwaki Meisei University, believes that living in “safe zones” could have a long-lasting negative impact on kids.
“If children need to stay inside and cannot run around outside freely, that would impact their psychological development, more specifically their skills of interacting with each other and controlling their emotions among others,” Kubota told DW.
Mothers sue government
Women are, however, not only silent victims in this disaster. Thousands of mothers have together filed lawsuits against the Japanese government to fight for the continuation of housing support and fair compensation. They also demand accountability for the disaster from the government and Tokyo Electric Power Co. (TEPCO), the company running the Fukushima Daiichi plant.
Ms Horie is sueing the government for fair compensation.
“I never imagined becoming a plaintiff myself. I’m going to court now for my children and for the next generation,” Ms Horie told Greenpeace. She moved with her children from Fukushima to Kyoto, where she filed a class action suit together with other mums. “Back then, they said on TV that the accident wouldn’t affect our health immediately, but it might affect my kids in the future. That’s why I decided to evacuate.”
Women who left contaminated areas have been “labeled as neurotic or irrational,” says Greenpeace. Their concerns were dismissed both by their partners and the government. The lawsuit is not only about financial compensation but also for moral satisfaction.
“I want to stand in court, knowing that I am right to evacuate my child,” says Ms Sonoda, who moved with her child from Fukushima to England. “We are right.”
http://www.dw.com/en/six-years-after-fukushima-women-and-children-still-suffer-most/a-37871135
Pre-emptive strike by USA on North Korea is on the cards, if North Korea conducts nuclear weapons test,
US prepared to launch pre-emptive strike if North Korea conducts nuclear weapons test, reports say, news.com.au, 14 Apr 17 Senior US intelligence officials have reportedly told NBC News the US is prepared to launch a pre-emptive strike with conventional weapons against North Korea if the country appears set to follow through with a nuclear weapons test.Speculation has been building that the rogue state could be planning to conduct its sixth nuclear test, with reports of activity at the Punggye-ri nuclear test site ahead of Saturday’s 105th anniversary of the birth of the country’s founder Kim Il-Sung.
Citing intelligence officials, NBC News reported that the US had positioned two destroyers in the region, one around 480km from the nuclear test site. The destroyers are capable of shooting Tomahawk cruise missiles.
“US officials, mindful of such concerns here, repeatedly reaffirmed that (the US) will closely discuss with South Korea its North Korea-related measures,” foreign minister Yun Byung told a special parliamentary meeting.
US President Donald Trump today vowed that the “problem” of North Korea “will be taken care of”.”North Korea is a problem, the problem will be taken care of,” Mr Trump said.
Separately on Twitter he expressed confidence China, Pyongyang’s sole ally, would “properly deal with North Korea.”But, “if they are unable to do so, the U.S., with its allies, will! U.S.A.”
Asked on Thursday whether the bomb dropped in Afghanistan – a GBU-43/B Massive Ordnance Air Blast bomb better known by its nickname, the “Mother Of All Bombs” – was a warning to Pyongyang, Mr Trump demurred. “I don’t know if this sends a message to North Korea,” he said. “It doesn’t make any difference if it does or not.”
The Voice of America, quoting US government and other sources, said North Korea “has apparently placed a nuclear device in a tunnel and it could be detonated Saturday AM Korea time.”
A US monitoring group, 38North, has described the Punggye-ri test site as “primed and ready.”
The North is under multiple sets of United Nations sanctions over its nuclear and ballistic missile programs…….http://www.9news.com.au/world/2017/04/14/09/06/us-prepared-to-launch-pre-emptive-strike-if-north-korea-conducts-nuclear-weapons-test-reports-say
North Korea has threatened “nuclear thunderbolts” at the first sign of a US preemptive strike
North Korea threatens ‘nuclear thunderbolts’ as US and China finally work together, Business
Insider, ALEX LOCKIE APR 14, 2017 With the world on edge after reports that the US and North Korea are on the verge of war, North Korea has threatened “nuclear thunderbolts” at the first sign of a US preemptive strike while also slamming China for cooperating with the West, according to NKNews.com.
China warning North Korea against escalating tensions to an ‘irreversible’ stage
China warns North Korea tension has to be stopped from reaching ‘irreversible’ stage, SMH, 14 Apr 17, Beijing/Pyongyang: China said on Friday tension over North Korea had to be stopped from reaching an “irreversible and unmanageable stage, SMH, ” as a US aircraft carrier group steamed towards the region amid fears the North may conduct a sixth nuclear weapons test on Saturday.Concern has grown since the US Navy fired 59 Tomahawk missiles at a Syrian airfield last week in response to a deadly gas attack, raising questions about US President Donald Trump’s plans for North Korea, which has conducted missile and nuclear tests in defiance of UN and unilateral sanctions.
The United States has warned that a policy of “strategic patience” is over. US Vice President Mike Pence travels to South Korea on Sunday on a long-planned 10-day trip to Asia.
China, North Korea’s sole major ally and neighbour which nevertheless opposes its weapons programme, has called for talks leading to the denuclearisation of the Korean peninsula.
“We call on all parties to refrain from provoking and threatening each other, whether in words or actions, and not let the situation get to an irreversible and unmanageable stage,” Chinese Foreign Minister Wang Yi told reporters in Beijing.
“Once a war really happens, the result will be nothing but losing all round and no one could become a winner,” Mr Wang told reporters in Beijing on Friday, according to the official Xinhua News Agency.
North Korea denounced the United States for bringing “huge nuclear strategic assets” to the region as the Carl Vinson strike group with a flag-ship nuclear-powered aircraft carrier steamed closer, and said it stood ready to strike back.
“The Trump administration, which made a surprise guided cruise-missile strike on Syria on April 6, has entered the path of open threat and blackmail,” the North’s KCNA news agency quoted the military as saying in a statement………
North Korea, still technically at war with the South after their 1950-53 conflict ended in a truce, not a treaty, has on occasion conducted missile or nuclear tests to coincide with big political events and often threatens the United States, South Korea and Japan.
On Saturday, it marks the “Day of the Sun”, the 105th anniversary of the birth of state founder Kim Il Sung.
US ally South Korea warned against any North Korean “provocation”, such as a nuclear or missile test.
“There is certain to be powerful punitive measure that will be difficult for the North Korean regime to endure,” the South’s Foreign Ministry said in a statement………
Worry about North Korean aggression has also led to a deterioration of ties between China and South Korea because China objects to the deployment of a US Terminal High Altitude Area Defense (THAAD) anti-missile system in the South.
“It’s not hard to see that ever since the United States and Republic of Korea decided to deploy THAAD, the situation has not become harmonious but has become more tense,” Chinese Foreign Ministry spokesman Geng Shuang, said in response to a question about the system………http://www.smh.com.au/world/china-warns-north-korea-tension-has-to-be-stopped-from-reaching-irreversible-stage-20170414-gvleo7.html
South Korea’s nuclear power programme under threat, as Presidential candidates against nuclear or coal expansion
South Korea coal, nuclear power targeted for cuts by presidential candidates http://www.channelnewsasia.com/news/asiapacific/south-korea-coal-nuclear-power-targeted-for-cuts-by-presidentia/3672862.html12 Apr 2017 SEOUL: No matter who is elected as South Korea’s new leader next month it is clear that coal and nuclear power generation will likely be scaled back, with most of the candidates laying out plans on Wednesday to address public concerns over pollution and safety.
Less than a month from a May 9 election to replace impeached president Park Geun-hye, policy experts outlined in a forum the energy proposals of four of the five contenders.
The two leading candidates, liberal front-runner Moon Jae-In and centrist Ahn Cheol-soo, both plan to lower South Korea’s reliance on coal and nuclear power, pointing to a need to shift to renewable energy, according to their policy advisors. In the latest poll by Gallup Korea, Moon got the support of 38 percent of respondents, and Ahn got 35 percent.
South Korea, Asia’s fourth-largest economy, gets 40 percent of its electricity from coal, 30 percent from nuclear, 20 percent from natural gas, and the rest from oil and renewables.
But policy changes are expected amid growing concerns over pollution and the safety of nuclear energy, and Moon and Ahn appear determined to help drive them.
“We should move away from coal and nuclear power, and shift to clean or renewable energy-based platforms,” said Kim Jwa-kwan, head of Moon’s energy policy team. Kim said his team planned for nuclear and coal power to account for 18 percent and 15 percent respectively of power supply by 2030, while the contribution of liquefied natural gas (LNG) would increase to 37 percent to support the rise of renewables.
If elected, Moon also “would scrap a plan to build Shin Kori No.5 and Shin Kori No.6 nuclear reactors on which construction began last year and revamp the country’s nuclear power expansion scheme,” Kim said.
That means South Korea’s plan to build 11 nuclear reactors by 2029 could be under threat.
Ahn would similarly shelve a plan to construct four coal-fired power plants and not extend the lifespan of ageing coal and nuclear power stations, said Oh Jeong-Rye, deputy director of Ahn’s People Party.
Both candidates target a 20 percent renewable energy share by 2030 as part of efforts to cut carbon emissions.
Under the current power supply plan, in addition to building 11 nuclear reactors by 2029 – three of which are already under construction – South Korea plans to add 20 more coal-fired power plants by 2022.
Policy experts for two other candidates – the conservative Bareun Party’s Yoo Seong-min and the left-wing Justice Party’s Sim Sang-jung – also said they would overhaul South Korea’s coal and nuclear energy policy.
Sim would cut nuclear power to zero by 2040 and phase out coal by 2060, according to her energy advisor.
(Reporting By Jane Chung; Additional reporting by Heekyong Yang; Editing by Tom Hogue)
U.S. Won’t Strike North Korea Pre-emptively: South Korea Tries to Reassure Citizens
South Korea Seeks to Assure Citizens U.S. Won’t Strike North Pre-emptively APRIL 11, 2017 SEOUL, South Korea — Reacting to worries and conjecture spreading in South Korea of a possible pre-emptive American military strike on nuclear-armed North Korea, the government sought to reassure citizens on Tuesday that there would be no such attack without its consent.
USA asks China “to take additional steps” to rein in the Kim Jong-Un regime.
As N. Korea threatens nuclear attacks, U.S. calls on China ‘to take additional steps’ by WorldTribune Staff, April 11, 2017
As North Korea warned it has its “nuclear sight focused” on the United States, the Trump administration said it has called on China “to take additional steps” to rein in the Kim Jong-Un regime.
President Donald Trump tweeted on April 11: “I explained to the President of China that a trade deal with the U.S. will be far better for them if they solve the North Korean problem!”
Secretary of State Rex Tillerson, in an interview with ABC News on April 10, said: “I think we need to allow them (China) time to take actions and we will continue to be in very close discussions with them,” adding that the conversations between the two countries have been “very candid.”
North Korea’s official Rodong Sinmun newspaper said the country was prepared to respond to any aggression by the United States.
“Our revolutionary strong army is keenly watching every move by enemy elements with our nuclear sight focused on the U.S. invasionary bases not only in South Korea and the Pacific operation theatre but also in the U.S. mainland,” it said.
Pyongyang issued the warning as a U.S. Navy aircraft carrier strike group sailed towards the western Pacific……http://www.worldtribune.com/as-n-korea-threatens-nuclear-attacks-u-s-calling-on-china-to-take-additional-steps/
As Navy warships approach, North Korea threatens nuclear strike on USA
North Korea threatens U.S. with #nuclear strike as Navy warships approach https://www.dailydot.com/layer8/north-korea-threatens-nuclear-attack/ David Gilmour—\Apr 11 2017, North Korea this week threatened to launch a nuclear attack on the United States at the first sign of aggression from the U.S. Navy strike group that President Donald Trump ordered to the Korean peninsula.
A warning to North Korea, from China, against conducting further nuclear weapons tests
Chinese tabloid warns N.Korea against test http://www.news.com.au/world/breaking-news/north-korea-warns-of-nuclear-strike/news-story/27dbacebb5390d5c95245bd82d538925 APRIL 12, 2017 North Korea should halt any plans for nuclear and missile activities “for its own security”, a Chinese newspaper says, warning that the US is making clear it doesn’t plan to “co-exist” with a nuclear-armed Pyongyang.
North Korean state media cautioned on Tuesday of a nuclear attack on the United States at any sign of American aggression, as a US Navy strike group steamed toward the western Pacific – a force US President Donald Trump described as an “armada”.
Trump, who has urged China to do more to rein in its impoverished ally and neighbour, said in a tweet that North Korea was “looking for trouble” and the United States would “solve the problem” with or without Beijing’s help.
The Korean Peninsula has not been so close to a “military clash” since North Korea conducted its first nuclear test in 2006, China’s influential state-run tabloid the Global Times said in an editorial.
“Not only Washington brimming with confidence and arrogance following the missile attacks on Syria, but Trump is also willing to be regarded as a man who honours his promises,” the paper, run by the ruling Communist Party’s official People’s Daily, said.
“The US is making up its mind to stop the North from conducting further nuclear tests. It doesn’t plan to co-exist with a nuclear-armed Pyongyang,” it said.
“Pyongyang should avoid making mistakes at this time.”
The Global Times, whose stance does not equate with Chinese government policy, said that Beijing would likely react strongly to any North Korean test.
“If the North makes another provocative move this month, the Chinese society will be willing to see the (UN Security Council) adopt severe restrictive measures that have never been seen before, such as restricting oil imports to the North,” the paper said.
Beijing has signed on to UN sanctions against North Korea, but it has repeatedly called for a return to dialogue to resolve the tensions.
A military parade is expected in Pyongyang to mark Saturday’s 105th anniversary of the birth of Kim Il-sung, North Korea’s founding father and grandfather of the current ruler. North Korea often marks important anniversaries with tests of its nuclear or missile capabilities.
Toshiba warns that it might not survive its nuclear financial crisis
Toshiba warns over its survival as it forecasts £7bn losses Crisis creates concern about future of UK’s Moorside nuclear plant, in which subsidiary Westinghouse is a key player, Guardian, Angela Monaghan, 12 Apr 17, Toshiba, one of the biggest names in consumer electronics, has warned it is facing annual losses of more than £7bn and the future of the company is in doubt as a result of financial turmoil at its nuclear power plant construction business.
The Japanese company finally released third quarter results, after twice delaying publication while auditors attempted to quantify the scale of the problems at Toshiba’s US nuclear engineering subsidiary Westinghouse, which filed for bankruptcy last month.
Toshiba took the unusual decision to publish them on Tuesday without the approval of auditor PricewaterhouseCoopers Aarata. The company said PwC Aarata had been too uncertain about the financial impact of Westinghouse’s takeover of nuclear construction company CB&I Stone and Webster in 2015.
Westinghouse’s plight stems from a $6.1bn (£4.9bn) writedown because costs have overrun on the two plants CB&I is building in Georgia and South Carolina, the first new US nuclear power stations for decades.
The unaudited results showed Toshiba’s total losses widened by 53bn yen to 532bn yen (£3.9bn) in the nine months ending December 2016, adding that losses for the full year ending March could amount to more than 1tn yen (£7.3bn). It would be one of the biggest losses in Japanese corporate history.
Failure to file audited results fuelled speculation that the company could be forced out of the Tokyo Stock Exchange. Toshiba’s president, Satoshi Tsunakawa, called the auditor’s decision not to approve the figures “truly regrettable” and said he hoped the company would not be delisted.
The company’s escalating crisis also heightened fears about the future of Toshiba’s planned Moorside nuclear plant in Cumbria. Earlier this month it was forced to take full control of the venture behind the project, Nugen, after its previous partner, the French utility Engie, exercised the right to sell its 40% stakeunder an option triggered by Westinghouse’s bankruptcy filing.
Unite, Britain’s largest trade union, said it was fearful about what the latest developments at Toshiba would mean for the Moorside plant, and repeated its call on Greg Clark, the business and energy secretary, to intervene to safeguard the future of the project…….. https://www.theguardian.com/business/2017/apr/11/toshiba-losses-uk-moorside-nuclear-plant-westinghouse
Trump and Xi did not discuss climate change: no need, China has taken over leadership in this
China’s Xi Outshines Trump as the World’s Future Energy Leader, Failure by the two presidents to discuss climate change leaves China ahead, based on actions if not words, Scientific American By David Biello on April 11, 2017 “……Trump and China’s Pres. Xi Jinping apparently ignored climate change at their inaugural meeting last week. Although the two leaders apparently found time to discuss everything from North Korea’s nuclear capability to a potential reset of trade relations, climate change was never mentioned, even though Trump might have wanted to take the opportunity to directly fact check his Tweet from last year that China invented climate change to cripple U.S. manufacturing.
The silence was not a surprise, however, even if the focus of the summit was meant to be “global challenges around the world.” As Susan Thornton, acting assistant secretary for the Bureau of East Asian and Pacific Affairs at the U.S. State Department, predicted, “I don’t think that [climate change is] going to be a major part of the discussion in Florida.”
That’s too bad, because China and the U.S. remain the two biggest polluters when it comes to greenhouse gases. Cooperation on climate change provided a rare area of agreement between China and the U.S. during the Obama administration. And it was in large part due to the efforts of China and the U.S. that the nations of the world agreed to combat climate change in Paris in 2015.
It is also too bad for the U.S.—because, ironically, the silence leaves China as the world’s future energy leader. As many see the Trump regime abandoning U.S. leadership in the fight to restrain global warming, China seems willing to step up, at least in rhetoric. “What should concern us is refusing to face up to problems and not knowing what to do about them,” Xi said in a speech to the World Economic Forum in January. “The Paris Agreement is a hard-won achievement which is in keeping with the underlying trend of global development. All signatories should stick to it instead of walking away from it, as this is a responsibility we must assume for future generations.”
At the same time, the Chinese have taken the lead in producing clean energy—from topping the world in the production and installation of solar power to building an entire new series of nuclear power plants, making use of the latest technology. Trump’s avoidance of the climate change problem could leave U.S. industry at a competitive disadvantage……..
Trump has already signed an executive order forcing the U.S. Environmental Protection Agency to withdraw the Clean Power Plan, which would have cut pollution from power plants. He is rolling back other federal efforts to combat climate change, such as reducing methane pollution from oil and gas pipelines as well as promoting a budget that could eliminate funding for clean energy research. All of which undercuts any serious effort to meet the U.S. commitment under the Paris agreement to reduce greenhouse gas emissions by as much as 28 percent below 2005 levels by 2025.
Xi’s China, by contrast, plans to implement a national cap-and-trade system to reduce CO2 pollution this year. And there are already signs that decades-long growth in China’s coal burning has slowed or even stopped, potentially fulfilling the country’s Paris pledge to reach a peak in its pollution by 2030. This change of course is not just aimed at fending off climate change but also at reducing unhealthy air pollution that even government leaders in Beijing cannot avoid breathing…….
Nowhere remains safe from climate change. The U.S. is already feeling the effects, such as weird weather upsetting the plans of American farmers. Those effects will only get worse if nothing is done to stop dumping CO2 into the sky, much less to begin to reduce concentrations that have now reached more than 400 parts per million in the air—higher than that breathed by any members of our fellow Homo sapiens in the last 200,000 years. The global warming challenge is also intimately connected to the global challenges of feeding more than seven billion people, providing drinkable water as supplies dwindle and supplying electricity to billions of people who still do not have it. None of these challenges can be solved in isolation but rather require solutions like clean energy supergrids and microgrids that address energy poverty and reduce climate change pollution at the same time.
This also holds true even for the items that were on the U.S.–China agenda at Mar-a-Lago, such as the future of war-torn Syria after Trump ordered a cruise missile strike in response to that nation’s use of chemical weapons in its civil war. A shortage of water and food in Syria helped start the horrendous conflict there, forcing refugees to flee the war and the nation—in other words, a deadly fight and flight exacerbated by climate change. The conflict in Syria may serve as a warning from a future in which Trump continues to deny the facts about global warming. https://www.scientificamerican.com/article/chinas-xi-outshines-trump-as-the-worlds-future-energy-leader/
1 This Month
26 April – Chernobyl: Inside the Meltdown airs on National Geographic on Sunday 26th April from 4pm
29 April – Nuclear Expert Webinar #1 – Radiation Impacts on Families with Mary Olson and Cindy Folkers
- 12:15 PM MT – 1:45 PM MT
- Location: Virtual – REGISTER TODAY
4 May -West Suburban Peace Coalition to discuss Iran war at May Educational Forum
Monday, May 4, 7:00 – 8:00 PM Central Standard Time
Title: : How Trump’s Narrative Tries to Shape the Reality of the War on Iran.
Contact Walt Zlotow, zlotow@hotmail.com 630 442 3045 for further information
14 May – online event From Bombs to Data Centres: the Face of Nuclear Colonialism
Pine Ridge Uranium is the real threat, not Tehran- Tell Burgum: Stop the Extraction.
Chernobyl: The Lost Tapes – A good documentary on Chernobyl on SBS available On Demand for the next 3 weeks– https://www.sbs.com.au/ondemand/tv-program/chernobyl-the-lost-tapes/2352741955560
To see nuclear-related stories in greater depth and intensity – go to https://nuclearinformation.wordpress.com
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