Tokyo Power set to pay for Fukushima nuclear disaster

Tokyo Electric Power Company (TEPCO), Asia’s largest utility company, has started making compensation payments to the residents who had to be evacuated from around the Fukushima nuclear plant after the disaster in March. Now, they may end up paying a lot more according to Japan’s Chief Cabinet Secretary. The Japanese government has decided that they will not put a limit on the amount of compensation payments that TEPCO must make to residents and the local government. Japan’s government officials could have granted the company an “exemption” from being liable for…

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The liability name game over Fukushima nuclear disaster

General Electric (GE) is getting bad press for their part in the Fukushima nuclear crisis in Japan; but they’re not being sued, as of yet. GE designed the containment systems inside the nuclear reactors of the Fukushima power plant. The power plant and its nuclear reactors were damaged almost a month ago when a massive earthquake hit Japan. The quake was immediately followed by a powerful Tsunami; causing additional destruction in the region. There have been reports that the reactors leaked radiation into the air. The latest news tells us…

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