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HOME  > Past issues  > 2011 October 19 - 25  > Use NPP-related firms’ reserve funds for nuclear damage compensation
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2011 October 19 - 25 TOP3 [NUCLEAR CRISIS]

Use NPP-related firms’ reserve funds for nuclear damage compensation

October 16, 2011
Akahata Sunday edition

Japanese Communist Party Chair Shii Kazuo on October 7 requested Prime Minister Noda Yoshihiko to use the 19 trillion yen electric companies accumulated for the reprocessing of spent nuclear fuel as a fund to compensate for damage and clean up the radiation contamination caused by the Fukushima nuclear power plant accident.

Part of the money has already been reserved by utilities to promote extraction of uranium and plutonium from the used nuclear fuel for reuse as fuel at NPPs.

Shii’s proposal is for the national government to compensate for nuclear damage, decontaminate areas exposed to radioactivity, and decommission nuclear power reactors by using the 19 trillion yen as well as 80 trillion yen of the internal capital reserves of major corporations benefitting from the nuclear power generation industry.

As members of the Japan Atomic Industrial Forum, Inc. (JAIF), these large companies have been directly involved in the construction of 57 nuclear reactors throughout Japan, receiving about 13 trillion yen in construction awards.

For instance, Mitsubishi Heavy Industries, Toshiba, and Hitachi have monopolized the building of nuclear reactors in Japan, while the construction of reactor buildings have been always awarded to Kajima, Obayashi, and a handful of other major construction companies.

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