Something big gets built – a power plant if you like. When it starts operations, its CAPEX is whittled down over the years through its earnings. One day, its book value is zero – or very little. It has arrived at the end of its life. Now it gets refurbished in order to continue to make money with less investment. And the decommissioning date gets continually extended with minimum refurbishments are the profits are needed to generate bonuses for managers – high and low. It’s a malignant system everyone participates in. There are many Fukushimas in the world – most of them are not nuclear power plants. And from time to time – one goes really bad. Here is your investigation.
Japan's nuclear regulator said in Wednesday it would launch a new investigation into the Fukushima disaster, to look into how radiation leaked from damaged reactor containment vessels and other factors.