Banking on the next Fukushima
Jan Haverkamp, Greenpeace International, Belgium
Jan Beranek, Greenpeace International, Netherland
Jan Haverkamp, Greenpeace International, Belgium
Jan Beranek, Greenpeace International, Netherland
Two months after the devastating earthquake and tsunami struck Japan our
 thoughts are with those who have lost loved ones, those who face an 
uncertain future and those who are still unable to return home because 
of the deadly contamination from the still leaking and still precarious 
nuclear complex at Fukushima.
 The ongoing Fukushima nuclear 
catastrophe stands as a stark warning to those who live in the shadow of
 other nuclear reactors around the world. It stands also as a reminder 
of the inherent risk of nuclear power: a technology so complex and so 
dangerous that it will always be prone to the impact of natural 
disaster, technical failure and human error.
 Nuclear power is a 
technology that comes complete with its own disaster scale: the 
International Nuclear Events Scale or INES. Fukushima having suffered 
the twin onslaught of earthquake and tsunami registered seven on that 
scale, the highest possible, yet it is not the worst case scenario. It 
can't be. There is still much more radioactivity held inside the wrecked
 reactors than has been leaked into the environment. There is still no 
guarantee that the reactors have been brought under control. The future 
for those living in the area remains fraught with danger, uncertainty 
and risk. 
 One thing is certain, though! No one would build a 
reactor in a high risk earthquake zone on a coast now. Not after 
Fukushima. Would they? No one would take the risk?
 Regulators 
would not approve it. Citizens would fiercely oppose it. Banks and 
markets would not be prepared to take the risk; they would not be 
prepared to pay for it. Would they? Apparently, yes! Two of the world's 
biggest banks, HSBC and BNP Paribas, are doing just that, they are 
involved in funding a massive nuclear development at Jaitapur on India's
 earthquake prone coast in Maharastra State. If completed according to 
plan, it will be the world's biggest nuclear power facility.
 Long before the Fukushima disaster, local people expressed their 
opposition, they have protested the construction and pointed out the 
inherent dangers and technical threats posed by the planned French 
European Pressurised Reactors. They pointed out that nowhere in the 
world has the problem of how to isolate deadly nuclear waste from the 
environment been solved. Jaitapur is no exception - there is no plan, 
period. Nor is there any money being set aside to pay for radioactive 
waste management. Thousands of people have been unjustly arrested in 
protest. More than 2,400 families will lose their livelihoods if the 
plans continue, yet only 154 have so far accepted compensation.
 Despite this and in the face of Fukushima the Indian government is 
determined to continue, to let the French company Areva build the 
reactors. It will not listen to reason nor pay attention to the reality 
of earthquakes in the region:  in the last two decades alone it has 
suffered three earthquakes above 5 points on the Richter scale. In 1993 
the region suffered a quake measuring 6.3 which left some 9,000 people 
dead.
 I have witnessed first hand the legacy of the nuclear 
industry. Last month I travelled to Chernobyl and met with local people 
who - 25 years later - still live with that nuclear disaster every day. I
 have had the honour of standing alongside the people of the Wendland in
 Germany who continue to lead a mass movement against a planned nuclear 
waste storage site that threatens their livelihoods and homes. And along
 with the rest of the world I have witnessed the most extreme cost of 
nuclear energy - the disaster at Fukushima and the heart-wrenching 
consequences for the people affected. 
 Today, I have written to the heads of BNP Paribas and HSBC reminding them of the need to act responsibly and reminding them of the
 reality surrounding these already questionable nuclear investments. I 
am urging people everywhere to take a stand against future Fukushima's 
and join me in warning these banks against the risks of investing in nuclear power. Instead we need banks like HSBC and BNP Paribas to invest in clean and 
safe renewable energy sources rather than bank on the next Fukushima. No
 money, no reactors, no danger.
Kumi Naidoo
Greenpeace International Executive Director
