Inspectors Find Safety Flaws Remain a Concern at French Nuclear Supplier
Updated Feb. 6, 2017 2:45 p.m. ET
PARIS—A team of international inspectors described extensive management weaknesses at a key supplier for the global nuclear power industry, finding that safety failings are still a worry months after investigators revealed a decades long coverup of manufacturing problems at a French factory owned by the supplier.
In a letter sent to the supplier, Areva SA, late last month, the inspectors noted that the French company had neither analyzed why the coverup had gone undetected for years, nor could guarantee that similar… [Paywall]
Toshiba sold all Japan Display shares after profit scandal
By TOSHIO KAWADA/ Staff Writer
February 7, 2017
Toshiba Corp. sold all of its shares in Japan Display Inc. for nearly 4 billion yen ($35 million) in December to improve its financial standing following a profit-padding scandal, the company said Feb. 6.
The company appeared to have netted between 1 billion yen and 2 billion yen from the sale.
Toshiba was desperate to raise its capital adequacy ratio, which reflects fiscal soundness, after the company was found to have engaged in years of dodgy accounting practices to inflate its profits. Its ratio had dropped to a miserable 7.5 percent as of the end of September……
PARIS (Reuters) – China National Nuclear Corporation (CNNC) has decided against taking a stake in the capital increase and restructuring of French nuclear group Areva, a source close to the discussions said on Tuesday.
“The talks did not work out with the Chinese,” the source said.
Zuma must dismantle nuke plans in South Africa
SCRAPPING the nuclear energy plan is the single most important announcement that President Jacob Zuma can make in his State of the Nation address, and anything less than its complete dismantling will be a monumental failure of the president’s duty and responsibility to South Africans.
This is the view of former Anglican Archbishop of Cape Town and elder statesman Njongonkulu Ndungane, ahead of the delivery of the address in Parliament this week.
“We are very quickly and surely sliding towards a future of nuclear energy. I call on all citizens to become fully informed about the insidious process that is unfolding under our noses, and raise their voices in protest against the government’s nuclear energy plan,” the archbishop said.
One of the most fundamental problems with the nuclear energy plan, says Ndungane, is its unaffordability…..
Ndungane adds that the country is already seeing the impact of Eskom’s decision last year to sign no further agreements to purchase renewal energy from independent power producers.
“I am appalled at this glitch in our efforts to promote renewable energy, which has frequently been touted as a shining example of government’s industrialisation programme,” he said.
The soupy grey smog shrouding Polish cities this winter is one of the most visible symptoms of the EU member’s addiction to coal, a deadly habit forcing many to stay indoors or don masks before venturing out.
Professor Anna Doboszynska, a respected specialist with more than two decades of experience treating lung disease, doesn’t minces her words when talking about the health risks it poses.
“During periods of smog, more people with respiratory and circulatory illnesses actually die,” she told AFP after examining an asthma patient wheezing heavily amid a spike in pollution in Warsaw.
“Children, pregnant women and the elderly are most at risk from smog, which damages the respiratory tract much in the same way smoking does.
“A child playing outside in the smog is smoking cigarettes, it’s the same thing,” she told AFP.