Fukushima owner boasts $4.3 billion profit from rate hikes, government bailouts

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The company that owns and is responsible for cleanup efforts at the stricken Fukushima Daiichi nuclear power facility in Japan is reportedly raking in at least $4.3 billion in net profits annually, according to The Economic Times. Thanks to steady rate hikes and a large government bailout following the disaster, the Tokyo Electric Power Company (TEPCO) has done quite well for itself in recent years, despite continued blunders involving radiation cleanup and containment measures at the plant.

Following the 2011 disaster, TEPCO was having a difficult time staying afloat. This prompted the Japanese government to throw 1.8 trillion yen, the equivalent of about $17.6 billion, at the company to compensate for its unprecedented losses, not to mention to cover the costs associated with ensuring that Fukushima radiation did not spoil the whole planet. TEPCO also raised electricity rates throughout Japan to gather more cash.

While radiation spews, TEPCO takes in record profits

TEPCO got its money, of course, posting profits that topped 438 billion yen during the most recent fiscal year — this is in stark contrast to the monumental 685.3 billion yen loss the company incurred just one year prior. And yet, despite this enormous surge in cash flow, the situation at Fukushima is still dire, with new reports suggesting that a proposed “ice wall” will do little or nothing to protect groundwater and oceans from ongoing contamination.

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After years of research and a series of unpleasant experiences concerning the current child protection services system, Alec Cope decided to combat the cancerous corruption through information. Freelance writing articles as a form of protest and distributing them throughout his former high-school and local area, Alec struck special chords with whomever he was in contact with.

Alec has been involved in activism such as sit down protests as well as Idle No More gatherings. Being independent for the majority of his time, Alec became a member of the WeAreChange family to assist one of the organizations that inspired him to become active in the first place. With a larger platform and positive support Alec has committed the majority of his time to research, writing, and maintaining social media with the goal to continue expanding the awakening sweeping throughout all levels of society.

Growing up within a rural area in Northern Michigan as well as being a native American descendant, Alec is seeking to expose environmental abuse in his state as well as globally. A high-school dropout, Alec chases his passion for writing and empowering individuals while showing any isolated person that they too can overcome the odds with a community that will support them. Alec lives in the lower peninsula of Michigan near Kalamazoo.

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