by Christina Sarich, Natural Society:
TEPCO claims that its soaring profits in 2014 are due to increased electric fees. But how is it justifiable that the same company which used radiation detectors that gave low readings in order to lie about the true levels of contamination at Daiichi should be nearly doubling its profits as they continue to pollute the world with radioactive waste?
According to recent reports, TEPCO is enjoying a staggering profit over the first half of the year with a 243 billion yen gain, reported on 12/8/2014. This is an increase of 71.4% since the same time last year.
The ordinary profit of the first half year was -166 billion yen in 2012. In 2013, it grew to be 142 billion yen. Further reports suggest that TEPCO’s profits have been rising since 2012.