Skip to comments.Whether Tepco fails or not, itís taxpayersí tab (Japan)
Posted on 10/20/2013 11:49:59 PM PDT by TexGrill
It is impossible to put a price tag on all the pain and suffering inflicted on people as a result of the March 2011 meltdowns at Tokyo Electric Power Co.s Fukushima No. 1 nuclear plant.
The ongoing crisis has created more than 140,000 wandering nuclear refugees, has stripped farmers and fishermen of their livelihoods, and continues to expose hundreds of plant workers to daily health risks as they battle to contain the radioactive water accumulating in leaky storage tanks and pipes and flowing into the ocean as groundwater, as well as other hazards.
The monetary cost alone is immeasurable because the crisis is far from over and the decontamination of areas hit by the radioactive fallout is way behind schedule. Just neutralizing the three reactors that suffered core meltdowns and the other reactor whose fuel pool looms as a major danger will take decades.
But one thing is clear: the final tab will be huge, and the public will end up paying for it, either through taxes or utility bills. While estimates vary, the total cost will probably top ¥10 trillion or 20 percent of what the central government collects every year through taxes, experts say.
And last months pledge by Prime Minister Shinzo Abe before the International Olympic Committee in Buenos Aires that the government will take the lead in bringing the crisis to an end, somewhat, in time for the 2020 Tokyo Olympics could mean additional financial burdens placed on taxpayers.
(Excerpt) Read more at japantimes.co.jp ...
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