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Toshiba to pay $3.68 billion for Westinghouse reactors in U.S.

18 Comments
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I'm sure that we will soon be hearing Trump take credit for all this and the millions of jobs this will create.

-6 ( +3 / -9 )

To stay afloat, Toshiba has been trying to sell its lucrative computer chip business.

they're selling the wrong business!

8 ( +10 / -2 )

Once again the ingenuous Japanese chief executives have been deceived by the smart mafiosi, when will be enough for those moron Oyaji to realize that the United States is a very dangerous country for stupid people.

The mitsubishi group lost $2 billion with the Rockfeller Center,then is a bargain.

 Japanese bullet train technology is the next.

-2 ( +5 / -7 )

the project is hopelessly behind schedule and way over budget. georgia power has been charging rateholders extra since 2011, with no end in sight

recently there was talk of abandoning the construction or looking to the feds for a bailout. i think this was a bad decision for toshiba.

6 ( +7 / -1 )

I agree with sf2k, they are backing the wrong horse! Nuclear power in its current form will soon be obsolete.

6 ( +6 / -0 )

Udondashi: Japan Inc. was not forced to invest billions in Westinghouse or Rockefeller Center. Maybe you missed that Toshiba admitted Westinghouse was a mistake.

1 ( +2 / -1 )

The Warmists will not be able to rescue the Earth from humans without a lot more CO2 free nuclear power.

-2 ( +3 / -5 )

I think now all Japanese companies have in mind "will this please Trump?" when they do anything. Or "how can we make our action in the US make Trump look great?". Appealing to Trump's ego will be the main factor in US actions. It has already been shown to work.

-2 ( +3 / -5 )

My hope is that every bit of this nuclear mess will stop. Our descendants will be paying a high price for this, I'm afraid, if not some of us too, as at Fukushima, Three Mile Island, Chernobyl, etc.

1 ( +4 / -3 )

recently read in economist that kansas could provide enough wind power for all the energy needs in US provided transmission capability available, and kansas is taking the bull by the horns... future use for nuclear likely to be niche such as long range warships, spaceships, satellites, etc.

1 ( +3 / -2 )

Wolfpack

Nuclear power isn't CO2 free. In the construction of a nuclear power plant creates a significant amount of CO2 even as running the plant has no emissions. Like pretending an electric car is free of emissions when it's made from regular car production processes that rely on fossil fuels like oil etc.

Nuclear operates as a pollution generation machine with radioactive waste that lasts thousands of years! That's a million times worse! All that because some lazy Boomers can't use proper building techniques, public transit, and renewable energy.

This world is nuts and needs to be replaced. Thankfully that's happening. Either willingly or by dragging them kicking and screaming into the future, change is happening. But it's not the Boomers

-1 ( +3 / -4 )

@paulinusa

Japan Inc. was not forced to invest billions in Westinghouse

Rather opposite: Toshiba was pressured by the US to come to the rescue when Chinese indicated interest  in Westinghouse and its technology.

0 ( +0 / -0 )

recently there was talk of abandoning the construction or looking to the feds for a bailout.

And as the article said, this was part of a deal approved in 2008, over 8 years ago. Recent talks can't be expected to have any bearing on a decision made 8 years ago.

I think now all Japanese companies have in mind "will this please Trump?" when they do anything.

So 8 years ago Japanese companies were already trying to please Trump?

Toshiba was pressured by the US to come to the rescue when Chinese indicated interest in Westinghouse and its technology.

So it is Obama's fault.

Nuclear power isn't CO2 free. In the construction of a nuclear power plant creates a significant amount of CO2 even as running the plant has no emissions.

Same thing applies to wind turbines and solar plants.

Nuclear operates as a pollution generation machine with radioactive waste that lasts thousands of years! That's a million times worse!

Again same thing with wind turbines and solar plants. They require rare earth metals and the mining of these materials cause massive pollution, and since (most) of that pollution isn't radioactive it lasts forever! So it must be more than a million times worse.

http://www.dailymail.co.uk/home/moslive/article-1350811/In-China-true-cost-Britains-clean-green-wind-power-experiment-Pollution-disastrous-scale.html

1 ( +2 / -1 )

It looks like some folk still think nukes are a good idea. Nope. I have PV and an EV and will not pay for electricity or gasoline for decades.

Wind and PV are now around three cents/kWh, whiie powerfrom the new nukes is between 15 and 18 cents. Which one would you buy?

PV plus storage is now at 4.5 cents, one-third of the cost of new nukes. And no stable of expensive specialists needed, and no nuclear waste with which to deal.

1 ( +2 / -1 )

sf2k

Nuclear power isn't CO2 free. In the construction of a nuclear power plant creates a significant amount of CO

As Don Palmer stated, the same thing applies to all power generating technology including wind, solar., hydroelectric, etc. There is no power source without a downside. Wind power is particularly bad because of the huge numbers of birds, including endangered species, that wind turbines slaughter. They also require huge areas to operate making them difficult to amass in a nation like Japan. Solar is a bit better but also requires a huge landmass to be competitive with an average size nuclear plant.

Nuclear waste can be buried deep under ground below the water table.

0 ( +1 / -1 )

There is no power source without a downside. Wind power is particularly bad because of the huge numbers of birds, including endangered species, that wind turbines slaughter.

Buildings with their lights on or cars cause more but let's focus on turbines? That doesn't make sense. By that logic all buildings and cars should be immediately abandoned and stopped too. It's not happening. Poorly sighted turbines just need to be placed better, as if we share the world or something.

Burying our problems like nuclear waste is not a solution. Treating the planet like a garbage dump requires using the same tools as a garbage dump. Yuk. Instead we stop producing waste that is harmful. The harmful waste will have to be buried but no new waste should be allowed. That's the Boomer's legacy. Let that stain stay with them. They could have ended it and didn't care.

It's going to come a time when all the excuses in the world are no longer going to work and real change without harm will occur. And working towards increased less-harm as the new kaizen. It's already happening.

But never nuclear. That age and that thinking is long gone

-1 ( +0 / -1 )

Instead we stop producing waste that is harmful. The harmful waste will have to be buried but no new waste should be allowed.

OK. Just what is produced without making waste? Certainly not wind turbines or solar panels or even the wires to transmit electricity. So we should return to the way prehistorical humans lived?

0 ( +0 / -0 )

Poorly sighted turbines just need to be placed better

But they are sited where the best wind conditions are. It just so happens that also tends to be where birds are. So if you move the turbines, they will become even less useful and operate even less than the current 30% or so of the time.

Burying our problems like nuclear waste is not a solution.

So what do we do with the waste from mining the materials needed for wind turbines?

0 ( +0 / -0 )

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