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TEPCO / KEPCO shareholders vote to keep nuclear power

35 Comments

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35 Comments
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It's increasingly no longer up to them

5 ( +5 / -0 )

Since TEPCO is basically nationalized, the government should fire all the management and actually nationalize the company. That would bring shareholder value to ZERO. If this government doesn't do it, after the next election..... If you don't like the idea of nationalization... then make TEPCO and all the others pay for Nuclear cleanup including their current stockpile. Make it as safe as possible or ...

3 ( +3 / -0 )

So, the shareholders have invested a lot of money in the companies and they have been losing money since March 11 last year. Of course, they will vote to keep nuclear power and to turn on the reactors. It is a decision based solely on money and and the reactors will be restarted cos this is Japan where the money talks and the people have no face.

1 ( +2 / -1 )

Shareholders vote to keep nuclear power. The shock of that didn't wake me up. Time for a cup of coffee.....

1 ( +2 / -1 )

TEPCO / KEPCO shareholders vote to keep nuclear power

Er...yeah, because they own shares.

4 ( +4 / -0 )

Captain Obvious wrote the headline.

3 ( +3 / -0 )

Actually they are good shares, they make money excessive money as little needs to be spent on safety, international standards don't apply and when things go wrong the tax payer pays, can't fault it really.

5 ( +6 / -1 )

If only there were more companies that you could purchase shares knowing that nothing will stop them from trying to make money even after multiple nuclear meltdowns. Most companies go bankrupt or vanish over much much smaller things. Can't go wrong if you can cut corners and if things do go wrong get the tax payers to fork up.

2 ( +2 / -0 )

who are the shareholders that allowed this to happen? i'm guess a lot of big corporations just give their proxy to tepco/kepco and they vote as they please. otherwise how else could the current board of directors continue their management of the companies? they should have been voted out. the media should publicize who these shareholders are.

0 ( +0 / -0 )

And the realistic alternative to nuclear energy that can fill the demand gap and be brought on line without delay is?...............arrgh, yeah - that's why Japan still needs nuclear energy

-5 ( +0 / -5 )

shareholders in TEPCo and KEPCO will find their shares reduced to absalute trash if on restarting the reactors there is a further disaster. My advice to shareholders, sell, whist they still have some value

1 ( +1 / -0 )

When does the public get to vote???

And get listened to???

1 ( +3 / -2 )

@tmarie "When does the public get to vote??? And get listened to???"

the Japanese only have themselves to blame, if there was more complaining/protesting in this country the government would have to listen to the people, but since the Japanese psyche is too not stand out and not be confrontational why would J-politicians need to listen?

7 ( +7 / -0 )

No Duh!!! Anybody here that would like to stop receiving money from nuclear energy?

All in favor of getting rich and disregarding public opinion say "I"!!!!

It's a unanimous decision. We will turn the reactors on.

SushiSake3 We don't have nuclear reactors now. Your PC is on isn't it?

1 ( +3 / -2 )

Only an uprising throughout Japan will put this to rest. The people really do have the power to do it, but will they have the courage? I can only pray.

1 ( +1 / -0 )

What shareholders think or want is the least relevant thing to the issue.

0 ( +0 / -0 )

@Disillusioned Janpan needs to go back to cheaper energy, that's all. no one is loosing it's face. Japanese people are just realistic and there is absolutely NO alternativity to nuc. power at the moment. btw, did you already switch off your エアコン?

2 ( +5 / -3 )

the Japanese only have themselves to blame, if there was more complaining/protesting in this country the government would have to listen to the people, but since the Japanese psyche is too not stand out and not be confrontational why would J-politicians need to listen?

I 100% agree with this but the thing is, polls have been done and people aren't FOR this restart. Their opinions were asked and now ignored. Hence the protests. There will be protests tomorrow on both Osaka and Tokyo. it'll be in front of the prime minister's official residence in Tokyo, and it'll be in front of Kansai Electric Power co. ltd. in Osaka. Both starting at 6PM.

0 ( +1 / -1 )

I guess its the same in all countries: governments do what they want. But I think its only that obvious in some African nations and Japan. I have come to see Japan as a funny mix between a hightech banana republic and a "brave new world".

What is so difficult here if the government respects its peoples opinion? Just tell the power companies to sort it out by the end of the year. Okay, let them restart these two reactors under strictest safety precautions, to get us through the summer. But let them know that they will have to turn them off again end of the year - never to be turned on again.

By next year you gotta have solar panels etc. to cover the shortage. End of story.

Last time I checked in my school books, it was a government`s job to serve the people, for crying out loud.

1 ( +1 / -0 )

Guilt by complicity. #greed

0 ( +0 / -0 )

Of course they voted yes! The view of the shareholders, that have an invested interest. It would be like a group of investors in a Bomb manufacturer voting against War. My point really is.... what they think should have no bearing on whether to restart or not restart. The good of the public and the safety of Japan is the main factor.

0 ( +0 / -0 )

Hashimoto now safely under the wing and receiving his applause from shareholders. He can make political capital from trivialities like tattoos but will kow tow to the money people while putting people in enormous danger. Don't you just love how refreshing he is?

-1 ( +0 / -1 )

Hashimoto has been flip flopping on many things recently. Yes to nuclear power, no, yes... Um, where is my cash? same for his party being recognized in Tokyo. No, yes, yes.....

-2 ( +0 / -2 )

I'm sure those who once invested in the manufacturing of typewriters thought it was a great plan to stay the course.

-1 ( +0 / -1 )

Do not count on "Tomodachi Operation" phase 2 from US.

I have posted my strong opinion as listed above on the topic-Seismologists warn gov't against restarting nuclear reactors.

You keep all these shareholders' names who voted for tor this. You can do that as TEPCO is listed on Nikkei and these names are open public record if needed. You make sure that they are the first ones to go and fight for the next nuclear disaster (hope I am wrong). Fair?

0 ( +0 / -0 )

Radiation plants are too dangerous. And using them is a violation of life.

0 ( +0 / -0 )

Radiation plants are too dangerous. And using them is a violation of life.

Oh dear, there is a freedom - free market, free speech in democracy. The other side of coin of democracy (free speech, free market) is a personal accountability and responsibily to each action we take. Every action needs both sides (cause and effect) in society. Your argument will not fly.

0 ( +0 / -0 )

Simply put, It takes a courage to grow up. When we make a mess, we clean up our own mess. We are accountable for the action, and it is our responsibility to streighten up. That's how freedom should work. Freedom does not come free.We all need to earn it.

0 ( +0 / -0 )

TEPCO / KEPCO shareholders vote to keep nuclear power Har..har..har... what a news.... Who the hell will vote against their own shares and capital. The shareholders are coming out in the open. Pressured them to help pay the victims of 3/11 and not the government bailing them out from the tax payers.

0 ( +0 / -0 )

Good shares that just can't go wrong, where can I buy them??

0 ( +0 / -0 )

When does the public get to vote???

At elections.

Dictature is: Shut your mouth! Democracy is: Keep on talking!

It's a democracy. Then what ?

And get listened to???

Maybe the day we all (or massively) stop paying our taxes and ~EPCO bills. Another option is the day will come when some angry citizens end up cutting a few heads, at the top. They make great knives and spades in Japan, Just one or two for the example would probably be enough.

-1 ( +0 / -1 )

True Cos. To be honest, I think the head cutting days are coming soon if TEPCO keeps this BS up. The news today that the levels are the highest they've been should be a huge wake-up calls to those who claim some of us are "fear mongering".

-1 ( +0 / -1 )

My god(s), another proof of money and common sense being impossible to join in one person. I still cannot believe why there are still people around believing nuclear power was cheap... (it has been proved wrong more often than not that it is more expensive than almost any other source of power after taken secondary costs into account). No whatsoever government in the world will have any other choice but present the bill for nuclear wastes to the producers (which will be saved by state money as it would drive them to bankruptcy).

But as the system works, their decision was obvious. It's back to the banking crisis - any institutions, which are considered "too big to fail" are bailed out with taxpayer money, which is then emitted in large amounts to their shareholders immediately after. Kind of insider trading - waiting to be bailed out by the state after the meltdown occurs (either stock market or reactor), which is certain to happpen in some not too distant future. Society at its best...

1 ( +1 / -0 )

It's not the government, who are supposed to represent the people, but those who represent greed who seem to be making decisions concerning matters of national security.

0 ( +0 / -0 )

presto345 It's called capitalism.

-1 ( +0 / -1 )

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