Media 72: British MSM slow to report adverse nuclear power news
Today a reference in Quartz led to a search which revealed that Toshiba said it is to stop building nuclear power plants. Though the search found an account written four days, buried in the Nikkei FT, only now is the American Press reporting it.
British Press has not yet covered this sensitive subject.
Last year Toshiba reported that it expected to win 50 contracts to build new nuclear plants abroad and its decision to exit its overseas nuclear construction business, reported by the Wall Street Journal, is said to have global implications (paywall) for the nuclear-power industry.
Leo Lewis in Tokyo reported in the FT that the move followed an emergency board meeting on Friday 27th January. The company is recovering from the repercussions of a 2015 accounting scandal in which it exaggerated reported profits by about $1.3bn over seven years.
But the company may now limit its ambitions to building turbines and other equipment and continuing to focus on servicing and decommissioning Japan’s existing fleet of nuclear reactors, many of which it built. They include two of the reactors at the Fukushima Daiichi plant, which has tied Toshiba into many decades of decommissioning work.