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Loan to Tepco for Fukushima Cleanup Costs Rises to 14 Trillion Yen

posted by janrinok on Friday December 09 2016, @05:20AM   Printer-friendly
from the dirty-money dept.

takyon writes:

Tepco is being loaned more interest-free money to cleanup after the Fukushima disaster:

Japan will increase an interest-free loan to the operator of the wrecked Fukushima nuclear plant, Tokyo Electric Power (9501.T), by more than a third to 14 trillion yen ($123 billion), a source familiar with the matter said on Thursday. The increase in the loan from 9 trillion yen is to cover the costs for compensation and decontamination areas around the plant, according to the source.

[...] The disaster is likely to cost 22.6 trillion yen ($199 billion), more than double an earlier government estimate.

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  • (Score: 0) by Anonymous Coward on Friday December 09 2016, @09:28PM

    by Anonymous Coward on Friday December 09 2016, @09:28PM (#439405)

    Making concrete is a very energy-intensive process.
    Now, multiply this by the 70,000 TONS of nuclear waste worldwide.
    Now, add in all the reactors/ancillary equipment/superstructure that has been irradiated.
    The scope gets very large, very fast.

    The decision to build lots of nuclear plants was typical Cold War stupidity.
    Allowing for-profit corporations do it was just moronic.
    For-profit corporations are notoriously tight-fisted with money; the military gets money thrown at it like there's no tomorrow, so the example of the US Navy is an extreme outlier.

    .
    France has a vitrification process for spent fuel where they embed the stuff in large glass ingots--but, again, it's NOT a *permanent* solution.

    Here's where we point to the Brazilian medical facility [wikipedia.org] where they just walked away from the building and left the radioisotope therapy machine sitting there.
    The folks who stumbled on it and tried to salvage it got radiation poisoning/burns and died as a result.

    This stuff needs to be thought out for the LONG-term.

    -- OriginalOwner_ [soylentnews.org]