— Toshiba to withdraw from nuclear plant construction, chairman to quit

Comments from Beyond Nuclear below.

From Japan Times

January 28, 2017

Toshiba Corp. will cease taking orders related to the building of nuclear power stations, sources said Saturday, in a move that would effectively mark its withdrawal from the nuclear plant construction business.

The news comes amid reports Toshiba’s chairman may resign over the massive write-down that has doomed the company’s U.S. nuclear business.

The multinational conglomerate said Friday it will review its nuclear operations and spin off its chip business to raise funds in a bid to cover an expected asset impairment loss of up to ¥700 billion ($6.08 billion).

After Toshiba ceases taking new orders, it will focus on maintenance and decommissioning operations, according to the sources.

The company will continue work on four nuclear plants under construction in the United States that are expected to be completed by 2020.

The Japanese industrial conglomerate may announce company chairman Shigenori Shiga’s resignation as soon as Feb. 14, when it reports its April-December financial results, the sources also said.

Shiga once served as president of the U.S. nuclear unit, Westinghouse Electric Co., which Toshiba has said could face a multibillion-dollar loss due to cost overruns from delays in plant projects.

The post of Toshiba chairman is expected to remain vacant after Shiga’s resignation.

Westinghouse Chairman Danny Roderick is also set to step down, the sources said, but Toshiba President Satoshi Tsunakawa is likely to stay on.

Shiga, Roderick and Tsunakawa took their current posts last June as Toshiba reshuffled its management following an accounting scandal that surfaced in 2015.

Shiga was the vice president in charge of the power systems business when Westinghouse acquired CB&I Stone & Webster in late 2015. CB&I Stone & Webster is the U.S. nuclear plant construction firm at the heart of Toshiba’s massive write-down problem.

Comment on article:

Does this mean that Toshiba will scrap plans for the “biggest nuclear development in Europe” in Cumbria, UK.? TOshiba have already damaged 1500 acres of greenfield and floodplain in Cumbria. Toshiba are right now dumping radioactive wastes from 300 boreholes (which have brought up decades of deep contamination from Sellafield) into the river Ehen. What about Toshibas nuclear fuel manufacturing at Springfields in Preston …how reassuring (not) to have this financially broken company running a nuclear fuel manufacturing plant which dumps radioactive waste into landfill on the site and to nearby Clifton Marsh. Springfields also has a “discharge” pipeline direct to the river Ribble. There is no spotlight shone on Springfields Toshiba activities…despite the worlds first nuclear fuel manufacturing plant providing nuclear fuel for nuclear catastrophes such as the Windscale Fire. #StopMoorside

http://www.japantimes.co.jp/news/2017/01/28/business/corporate-business/toshiba-chairman-resign-struggling-u-s-nuclear-business#.WJPMslMrInS

Posted under Fair Use Rules.

From Beyond Nuclear:

…Toshiba will suffer an estimated $6 billion loss due to its uneconomic nuclear business and is looking to offload Westinghouse, its U.S. subsidiary. The company turmoil could throw a welcome wrench into the proposed new reactor at Moorside in the U.K., a nation whose nuclear problems are compounded by its exit of Euratom as part of the Brexit deal. Toshiba says its 4 Westinghouse AP-1000 reactor projects underway in Georgia and South Carolina will continue although the Vogtle project (pictured) is at least three years behind schedule and more than $3 billion over budget. And with the Trump administration threatening to weaken already inadequate federal regulations, Toshiba is seizing the opportunity to blame its financial woes on what it calls “stricter safety standards in the U.S.” Our mandate will now mean not only insisting on the enforcement of existing regulations, but likely a fight to block them from being gutted.

http://www.beyondnuclear.org

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— US Senate Bill 2795 on deregulation of the nuclear industry – the conflicts of interests of author and sponsors — Senators Inhofe, Booker, Crapo, Whitehouse, Fischer

Sen. James Inhofe, S. 2795: “The existing fleet of nuclear reactors in the United States is operating safely and securely.

From Mining Awareness

April 29, 2016

It is perfectly possible that Inhofe, Booker, Crapo et. al. are simply lazy, stupid and ignorant in pushing a bill (S. 2795) claiming that US nuclear reactors are “operating safely and securely”. Maybe they’ve just observed that the US NRC does exactly what the nuclear industry wants anyway so should indeed have funding cut. It is actually pretty funny that all the workers at US NRC that have sold their soul to the nuclear devil have their jobs on the cutting block anyway. So, the proposal to cut funding to the US NRC is actually pretty funny. Watch and learn before you sell your soul to the devil. However, many NRC workers will just go home to their countries of origin, leaving the children of the American Revolution and others who have no other home stuck with their nuclear crimes. But, why not just totally shut down the US NRC?

The attempt by Inhofe et. al. to stop mandatory hearings for new nuclear reactor types suggests other nefarious motives:https://miningawareness.wordpress.com/2016/04/27/us-senate-efforts-to-do-away-with-mandatory-licensing-hearings-for-so-called-advanced-nuclear-reactors-small-modular-reactors/

According to the idiotic statement in the Senator Inhofe sponsored bill S2795, “the existing fleet of nuclear reactors in the United States is operating safely and securely;…” (S.2795 — 114th Congress https://www.congress.gov/bill/114th-congress/senate-bill/2795/all-actions?resultIndex=3&overview=closed Sponsor: Sen. Inhofe, James M. [R-OK]). Inhofe and his co-sponsors can’t read? The list of safety related problems-“incidents” reported to the US NRC appears endless: http://www.nrc.gov/reading-rm/doc-collections/event-status/event/

http://www.c-span.org/video/?408515-1/hearing-nuclear-energy&start=5937 Why is the entire panel pro-nuclear? Read about them at the bottom of this post. Second from the left is Ashley Finan who works for the so-called “
Clean Air Task Force”, but has promoted the use of nuclear power in the Canadian tar sands industry.

The electrical defects for all but one US nuclear power station are so serious that 7 brave NRC electrical engineers put themselves at risk by demanding something be done immediately. They were ignored. These brave seven were led by an American from India who loves America. And, maybe he’s just smart enough to understand that the world environment is interconnected too.

This claim about the safety and security of US Nuclear Power Stations and push for nuclear deregulation is oddly coming from a Senator (Inhofe) from Oklahoma where there are no operating nuclear power stations, though Oklahoma is the location of the infamous Kerr-McGee site where Karen Silkwood worked.

Does Inhofe’s bill have to do with campaign contributions related to Andarko? https://www.opensecrets.org/politicians/contrib.php?cycle=2012&cid=N00005582 Andarko inherited the Kerr-McGee liability:
http://www.nrc.gov/info-finder/decommissioning/complex/kerr-mcgee-cimarron-corporation-former-fuel-fabrication-facility.html

Maybe Inhofe’s bill has to do with his funding related to Honeywell International: https://miningawareness.wordpress.com/2015/08/04/us-nrc-launches-special-inspection-at-honeywell-uranium-hex-facility-in-metropolis-illinois/

And, funding to Inhofe related to Southern Co. with their Vogtle Nuclear Reactors, both old and under construction?https://www.opensecrets.org/politicians/contrib.php?type=C&cid=N00005582&newMem=N&cycle=2016 More overt, of course, is Inhofe’s military industrial complex funding.

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