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Home › Dodgy Deals ›
Dodgy Deal
OranoFrance

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2016-06-22 00:00:00
.. Photo: .

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2016-06-22 00:00:00
Why this profile?
About
Sectors Mining, Nuclear Electric Power Generation
Headquarters
Ownership

As of December 31, 2008, the French State hold, directly or indirectly, more than 90% of the shares issued by AREVA and more than 94% of its voting rights.
In practice, the French State make the decisions submitted to the Annual General Meeting of Shareholders, including the appointment of members of the Supervisory Board, where the French State and the CEA (Commissariat a l'Energie Atomique) are largely represented.

Subsidiaries
Website https://www.orano.group/en/orano-home

Created in 2001 and 90% owned by the French state, this multinational conglomerate boasts of interests in every aspect of nuclear power from uranium mining to nuclear fuel production, reactor building and decommissioning, and nuclear waste reprocessing and storage. AREVA has manufacturing facilities in 43 countries and a sales network in more than 100. It has designed 102 of the reactors operating or under construction worldwide. AREVA employs 75,000 people.

Impacts

Social and human rights impacts

In May 2012, a French court ruled that AREVA had made an "inexcusable mistake" regarding a former employee's death from lung cancer. The employee worked for seven years at a mine operated by Cominak, an AREVA subsidiary in Akokan, regularly inhaling uranium dust without adequate protective gear. The court ordered AREVA to pay €200,000 in damages to the employee's family.

For 40 years, Comuf, an AREVA subsidiary, mined uranium in Mounana, southern Gabon. Scores of former Gabonese and French miners have consequently died. Nearby residents have also suffered from life-threatening illnesses. Though operations at the Mounana mine were halted in 1999, a study commissioned by the European Parliament in 2010 acknowledged that "past mining activities continue to pose health risks to the local population and environment." AREVA, amidst pressure from civil society to remedy the enduring public health hazards, launched a health and compensation initiative in 2010. However, the program failed to meet the needs of the local population, prompting NGOs to terminate their cooperation with AREVA saying, "[...] AREVA management had reduced the implementation of agreements to a publicity campaign." Criticisms of the program included compensations given only to families of French workers, overlooking local miners. Furthermore, AREVA's attempt at site cleanup was inadequate and poorly executed. Locals continue to be exposed to toxic levels of radiation. Despite its unfinished business, AREVA has launched exploration campaigns in Gabon to renew its uranium mining operations in the country.


Environmental and climate impacts

Jaitapur, where Areva plans to built a nuclear power plant, is located in a seismically sensitive area classified as a Moderate Damage Risk Zone (Zone III). The Geological Survey of India reported over 92 earthquakes in this region between 1985 and 2005, the strongest of which registered a 6.2 on the Richter scale. People living in and around the reactor site fiercely oppose the project. In April 2011, local police killed one protester and injured several others while attempting to subdue a disgruntled mob.

The long-term consequences of uranium mining are apparent in Niger. Uranium mining has been prevalent in Niger for over 40 years. According to Greenpeace's 2010 report, water, air, and soil contamination levels in the mining towns of Arlit and Akokan exceed international limits. Furthermore, sludge produced through AREVA's operations was haphazardly dumped into large piles allowing radioactive dust and radon gas to seep into the open air.

Financiers
Institution type
Finance type
Year
Projects
There are no active project profiles for Orano now.

Belene nuclear power plant

Bulgaria
Project
On record
Nuclear Electric Power Generation

Belene nuclear power plant

Bulgaria

Jaitapur nuclear power plant

India
Project
On record
Nuclear Electric Power Generation

Jaitapur nuclear power plant

India

Angra 3 nuclear power plant

Brazil
Project
On record
Nuclear Electric Power Generation

Angra 3 nuclear power plant

Brazil

Rio Madeira dams: Jirau and Santo Antonio

Brazil
Project
On record
Hydroelectric Power Generation

Rio Madeira dams: Jirau and Santo Antonio

Brazil
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Anti-Areva Protest: Letter to French and European Bankers from Fishermen and Farmers of Jaitapur

2013-06-04 | DiaNuke.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

France ready to finance the next Fukushima

Paris, July 12th, 2011 – Today, in a letter sent to President Sarkozy (1), more than one hundred organisations around the world officially asked France not to finance the nuclear power plant project in Jaitapur, India. This future atomic complex presents major risks for India and the world.
2011-07-12 | Paris | Les Amis de la Terre, Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Mango Farmers, Fisherman Fight India Nuclear Plant

2011-04-06 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

India to build nuclear reactors in earthquake zone with help from BNP Paribas

2010-12-06 | Paris | Greenpeace International
BankTrack news BankTrack blog Partner news Partner blog

Thousands protest against French-backed Indian nuclear plant

2010-12-04 | The Times of India
Blog
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace tells BNP-Paribas ‘stop dangerous radioactive investments’

2010-10-21 | Paris | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls on banks to stop funding nuclear power

New website exposes nuclear secrets of commercial banks
2010-05-26 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

EPR : Les banques françaises portent à bout de bras un fiasco industriel

2009-10-16 | Paris, France | Les Amis de la Terre
Resources
Documents
Videos
Links
2013-12-10 00:00:00

Dirty Profits II

Report on Companies and Financial Institutions Benefiting from Violations of Human Rights
NGO document
2013-12-10 00:00:00 | Facing Finance
2010-10-21 00:00:00

Media briefing – BNP Paribas and dangers of financing nuclear power

NGO document
2010-10-21 00:00:00 | Greenpeace
2009-10-01 00:00:00

alternatives TALK ABOUT ENERGY DIFFERENTLY

Company document
2009-10-01 00:00:00 | Areva
2009-06-01 00:00:00

alternatives TALK ABOUT ENERGY DIFFERENTLY

Company document
2009-06-01 00:00:00 | Areva
2009-06-01 00:00:00

A future for nuclear sites beyond their service life

Company document
2009-06-01 00:00:00 | Areva
2009-04-15 00:00:00

2008 Reference Document

Annual report
2009-04-15 00:00:00 | Areva

Video links

http://www.bloomberg.com/video/68371126/
April 6 (Bloomberg) -- Fisherman Amjad Borkar and mango grower Praveen Gavankar talk about their opposition to a proposed nuclear power plant in Jaitapur on the western coast of India. In the wake of Japan's Fukushima disaster, local villagers fear the plant, to be built with France’s Areva SA, will damage their health and their livelihoods. The opposition pits fishermen and farmers against Prime Minister Manmohan Singh’s government, which is struggling to bridge a 10 percent peak power shortfall needed to maintain growth in one of the world's fastest growing economies.

Voyage de Nicolas Sarkozy en Inde : la population dit non à l’EPR !

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