Tue, Mar 3, 2015, 2:48 AM EST - U.S. Markets open in 6 hrs 42 mins


% | $
Quotes you view appear here for quick access.

USEC Inc. Message Board

  • splanton splanton Jan 12, 2013 8:45 AM Flag

    Japanese rethink nuclear power?

    the Guardian, 1/11 (snip):
    t two years after the triple meltdown at Fukushima Daiichi power plant sent shockwaves around the world, Japan's government is attempting to resell the nuclear dream to a traumatised public.

    Japan appeared to have ended its addiction to nuclear power when the previous centre-left government pledged last year to phase out all of the country's 50 working reactors by 2040.

    The announcement marked a dramatic shift from pre-Fukushima plans to increase Japan's dependence on nuclear from 30% to 50% by 2030. For the emboldened anti-nuclear lobby, it heralded the start of an unprecedented shift towards renewable energy.

    But the return to office last month of the conservative Liberal Democratic party (LDP) under Shinzo Abe effectively killed off the idea of a non-nuclear Japan. It was no coincidence that within days of the LDP victory, Tepco, the firm that operates Fukushima Daiichi, saw a dramatic rise in its share price – but nowhere near the level it was before the accident.

    The new government has announced a review of the nuclear phaseout, adding that reactors would be restarted if they passed safety tests, and it refused to rule out the construction of new ones.

    Critics of the phaseout have pointed to the economic and environmental costs of Japan's dependence on expensive oil and gas imports since it took all but two of its nuclear reactors offline in the wake of the Fukushima accident.

    Japan's trade minister, Toshimitsu Motegi, warned that the government would not allow its plans to revive the economy to be derailed by a commitment to going non-nuclear. "We need to reconsider the previous administration's policy that aimed to make zero nuclear power possible by the 2030s," he said.

    SortNewest  |  Oldest  |  Most Replied Expand all replies

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.