Nuclear diseconomics bringing in bankruptcy for Toshiba’s troubled nuclear business Westinghouse

Toshiba’s shares closed down 7.2 per cent today. The firm unexpectedly delayed its financial update last month as it announced it needed more time to probe its US nuclear business after revealing a multi-billion pound hole. It’s due to report earnings Tuesday, but a source has told Reuters the likelihood of Toshiba meeting this deadline was “fifty-fifty”. If … Continue reading Nuclear diseconomics bringing in bankruptcy for Toshiba’s troubled nuclear business Westinghouse

1,000 People File Lawsuit Against Manufacturer’s Of Nuclear Reactors; General Electric, Hitachi, Toshiba

Over 1,000 people filed lawsuits against TEPCO and manufacturers, to set precedent against nuclear plant builders. While most lawsuits related to Japan's nuclear disaster have focused on either the plant owner or Japanese government, one group who turned up to court on Monday (March 10) are looking to sue the manufacturers of the nuclear reactors themselves.The … Continue reading 1,000 People File Lawsuit Against Manufacturer’s Of Nuclear Reactors; General Electric, Hitachi, Toshiba

IRID And METI Take Over From TEPCO – Work On Behalf Of Japanese Government To Solve Fukushima Mega Nuclear Crisis

Not only did prosecutors not press charges against ANYONE for the Fukushima disaster, they exonerated everyone involved and said they just did the best they could. But, at the same time, the Japanese government proclaimed that it was 'taking over' from TEPCO in terms of solving some emergency problems at Fukushima Daichi, despite having the best … Continue reading IRID And METI Take Over From TEPCO – Work On Behalf Of Japanese Government To Solve Fukushima Mega Nuclear Crisis

Nuclear Disaster Lessons NOT Being Learned By GE, Westinghouse Electric, Hitachi, Toshiba

General Electric nuclear plant inspector Kei Sugaoka was one of the inspectors at the Fukushima Daiichi plant in 2000. He noticed a crack in the steam dryer which he videotaped. He was later ordered by Tokyo Electric Power Company TEPCO to edit this part of the tape which is illegal in the United States. He … Continue reading Nuclear Disaster Lessons NOT Being Learned By GE, Westinghouse Electric, Hitachi, Toshiba