Govt to pay compensation for radiation damage

[CountAllVotes]

The Yomiuri Shimbun

Farmers and businesses near the troubled Fukushima No. 1 nuclear power plant will face huge losses caused by radiation leaks from the power station, and the government will likely be shelling out a significant amount to compensate them for damages incurred.

Sources said the government could pay between 120 billion yen and 240 billion yen based on the Compensation for Nuclear Damages Law, which stipulates the accountability of nuclear power plant operators when accidents occur. The government would also likely have to shoulder any portion Tokyo Electric Power Co.--the plant's operator--was financially incapable of paying.

The law stipulates a nuclear plant operator should, in principle, pay for damages caused by a nuclear accident at their plants.

<snip>
Despite the government's desire for TEPCO to shoulder its share of the burden, some in the ruling Democratic Party of Japan have insisted the law's exception should apply to this disaster, and have urged the government to pay for all the damages.

******

Sounds like good old BP Cares all over again doesn't it?

:grr: :argh:

:dem:

[brentspeak]

1. So the gov't won't take control of the situation but will have Japanese citizens assume liability?

[CountAllVotes]

2. the govt should seize TEPCO's assets

And they should not settle for a paltry $15 billion like Pres. Obama did.

The amount of aid necessary for this disaster will go on for years, not weeks nor months.

It sounds like the citizens will get stuck just like the gulf oil scenario went - different place same damned crooks!

GREED KILLS.

:dem:

[pscot]

3. I knew you couldn't be talking about

the U.S. government.

[CountAllVotes]

4. someone has been taking lessons it seems to me

What did they learn I ask? :nuke:

[lapfog_1]

5. privatize the profits, socialize the losses. - n/t