Showing posts with label under. Show all posts
Showing posts with label under. Show all posts

Friday, October 28, 2011

Japanese Nuclear Power Company Under Fire Over Unethical Conduct

Friday, October 28, 2011

The Japanese government minister in charge of the nuclear industry has lashed out at one of the country's leading nuclear energy companies, accusing it of watering down a report that found the firm guilty of manipulating public opinion.


An independent panel found that the Kyushu Electric Power company stacked public meetings with employees pretending to be ordinary citizens.


The report also implicated the governor of the prefecture in the scandal.


But in its own report responding to the panel's findings the nuclear power company dismisses the scandal.


Presenter: Mark Willacy, North Asia correspondent
Speaker: Yukio Edano, Japanese Industry Minister; Toshio Manabe, president of Kyushu Electric Power


WILLACY: It was the Kyushu Electric Power company's response to a damning report into its manipulation of public opinion.


The independent panel found the firm stacked public meetings with its own employees - employees pretending to be ordinary citizens who stood up and spoke in favour of nuclear power.


The panel found improper links between the company and the governor of the prefecture where its key nuclear plant was based.


It found Kyushu Electric had engaged in other improper tactics, twisting public opinion by sending in fake emails to a TV broadcast about nuclear power.


But in its own report responding to the panel's findings Kyushu Electric brushed off the scandal and the governor's name hardly even gets a mention.


"Kyushu Electric has some nerve doing this," says a clearly livid industry minister Yukio Edano. "Especially given the public's scepticism at the moment about nuclear power. I just can't understand it," he says.


The report of the independent panel and the report of the Kyushu Electric Power company could be about totally different things - a criticism the firm's president swept aside under questioning at a press conference.


"It's inevitable there'll be some differences of opinion between the two reports," says Toshio Manabe with considerable understatement.


The independent panel found that Kyushu Electric moved to take unethical actions like stacking meetings with undercover employees after being told by the governor Yasushi Furukawa that he wanted to hear positive opinions about nuclear power.


The panel called for there to be more transparency in the relationship between the governor and the nuclear company.


"Our company firmly believes there's nothing wrong in our relationship with the governor," says Kyushu Electric's president Toshio Manabe. "These false charges shouldn't be laid." he says.


Back in Tokyo, the minister in charge of the nuclear industry was having none of it.


"Kyushu Electric's management has failed to address the contradictions between its report and the independent panel's finding," says industry minister Yukio Edano. "This raises serious questions about its governance and I will now consider ordering the company to re-issue its report," he says.


No longer does Japan's nuclear industry appear to have a lap-dog minister in Tokyo promoting its interests.


Kyushu Electric's blinding arrogance in this case will only feed growing public cynicism and anger about the sort of people running Japan's nuclear power plants.


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Friday, August 12, 2011

Oil falls talks stall under $99 as the U.S. debt

Friday, August 12, 2011

Singapore - oil prices fell under $99 per barrel Monday in Asia amid investor concern that the absence of an agreement among US Lawmakers to lift the country's debt has a standard and could damage the global economy.

Benchmark oil for September delivery below 95 cents to $98,92 been a barrel at noon Singapore in electronic trading on the New York Mercantile Exchange. Crude oil rose 74 cents to $99,87 on Friday to rules.

In London, Brent crude slipped 68 cents to $117.99 a barrel on the ICE Futures Exchange.

Talks ground to a halt advised 2 looms at the weekend as an Aug. deadline for the Congress, the Government to increase debt limit to $14.3 trillion. Without action until this date, the Ministry of finance will be to pay all their bills that cause that a debt default and undermine the world economy could.

Republican and democratic leaders plan, expenses and liabilities of Government proposals to present later Monday.

"We believe that a temporary solution for last-minute deal is reached to avoid worst case results," Bank said BofA Merrill Lynch in a report. "But it will not provide a credible long term fiscal solution or rating agency concerns lift."

Bank of America said, rating agencies probably will until the end of the U.S. credit rating to AA from AAA.

1.7 Cents $3.13 in other NYMEX trading in September contracts, heating oil rose won a gallon during gasoline 2.1 cents to $3.08 per gallon. Natural gas of futures for August delivery advanced 1.1 cents to $4.41 per 1000 cubic feet.


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