From Economic Policy Journal
Despite extremely questionable design engineering that saved Tokyo Power and Electric many millions of dollars, but ignored the threat of a major tsunami, the company may not be liable for any damages resulting from its Fukuskima Daiichii nuclear power plant disaster.
According to Paul J. Scalise, a former financial analyst, who is writing a book on Japan’s electric power system, under Japanese law governing compensation for nuclear damage, companies are liable for the cost of all nuclear accidents resulting from reactor operations except when the accidents are provoked by a “grave natural disaster of an exceptional nature or by an insurrection.” The company might plausibly seek to avoid liability altogether within that definition, he said, according to NYT.
Read the rest:
http://www.economicpolicyjournal.com/2011/03/fukushima-nuclear-plant-owner-may-avoid.html