US Taxpayers May End Up Paying For Fukushima Disaster

The US and Japanese governments are one step closer to a liability agreement that would put US taxpayers on the hook for millions of dollars towards the clean up of Fukushima Daiichi. Other countries that are party of the treaty would also be expected to put money in to the disaster site. The US has been pushing Japan to agree to this by withholding some assistance until Japan signs the treaty.

The treaty also shelters major nuclear companies like Hitachi-GE, Toshiba and Areva from liability while pushing costs back on taxpayers. General Electric is a major proponent of this treaty. GE has paid no taxes in the US in recent years while parking billions of dollars in profits in banks in other countries.

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