Public Pays for Fukushima Clean Up While Nuclear Industry Profits

Japan Fukushima Dai-ichi nuclear power plant March 31 2011

By Stephen Leahy

UXBRIDGE, Canada, Mar 12 2013 (IPS)

Two years after Japan’s Fukushima Daiichi nuclear disaster, the country faces 100 to 250 billion dollars in cleanup and compensation costs, tens of thousands of displaced people and widespread impacts of radiation.

The nuclear industry and its suppliers made billions from building and operating Fukushima’s six reactors, but it is the Japanese government and its citizens who are stuck with all the costly “fallout” of the disaster.

“People’s lives were destroyed and we will be paying trillions of yen in tax money because of the Fukushima disaster,” said Hisayo Takada, an energy campaigner with Greenpeace Japan.

“The nuclear industry, other than Tepco (Tokyo Electric Power Co), has paid nothing as they are specially protected by the law,” Takada told IPS.

On Mar. 11, 2011, Japan experienced a 9.0 magnitude earthquake and resulting tsunami that badly damaged Tepco’s Fukushima Daiichi nuclear plant. Three of six reactors suffered a meltdown, and reactor unit four was damaged. The Fukushima accident has been rated at the highest level (7) of the International Atomic Energy Agency scale, the same as the Chernobyl accident.

A year after the disaster, Tepco was taken over by the Japanese government because it couldn’t afford the costs to get the damaged reactors under control. By June of 2012, Tepco had received nearly 50 billion dollars from the government.

The six reactors were designed by the U.S. company General Electric (GE). GE supplied the actual reactors for units one, two and six, while two Japanese companies Toshiba provided units three and five, and Hitachi unit four. These companies as well as other suppliers are exempted from liability or costs under Japanese law.

Full story here

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