State to raise ceiling on TEPCO loans to 9 trillion yen

[bananas]

Source: Asahi Shimbun

The government is set to offer more financial assistance to Tokyo Electric Power Co. to help it deal with the Fukushima nuclear crisis, a move many decry as a taxpayer-funded bailout.

A key step will be an increase of the ceiling on interest-free loans through the state-backed Nuclear Damage Liability Facilitation Fund to 9 trillion yen ($87 billion) from 5 trillion yen.

The government will also pay for cleaning up areas affected by radioactive fallout beyond the 2.5 trillion yen to be borne by TEPCO, operator of the stricken Fukushima No. 1 nuclear plant.

It will spend an additional 1.1 trillion yen on construction of intermediate storage facilities for radioactive soil and debris collected through decontamination work.

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Read more: http://ajw.asahi.com/article/0311disaster/fukushima/AJ201312170006

[darkangel218]

1. If they mess up removing those rods, no amount of money would be able to save them/us

[bananas]

3. I was going to say "a trillion here, a trillion there, soon you're talking about real money" but...

I realized that would diminish the situation.
Thanks for the comment, darkangel218
You are correct, of course.

[Dopers_Greed]

2. What they should do...

1. Seize TEPCO's assets, shut down the company, and imprison the executives
2. Use the money to hire an international task force that may actually be able to solve the problem

[RobertEarl]

4. The Truth comes trickling out

For too long they were saying everything was hunky-dorry, that it was in cold shutdown, and that restarting nukes would be wise and economical.

This Truth puts to rest all those lies and finally turns toward the reality that nukes are too expensive and too deadly to deal with. Shame it has taken such a toll to get to the Truth.

Now if we could just get our government to speak Truth about our nukes.