The utility at the heart of Japan’s nuclear crisis, Tokyo Electric Power Co, faced pressure today from angry shareholders to shut all its reactors in a sign of growing Japanese opposition to nuclear energy. Activist shareholders may struggle, however, to convince long-term institutional investors, which own most of the stock, to approve a resolution to abandon atomic energy. Dai-ichi Life Insurance is the biggest shareholder of Tepco, as the company is known. Many shareholders at a rowdy annual general meeting in Tokyo heaped scorn on the utility’s executives over their handling of the March disaster at the Fukushima nuclear plant and the company’s subsequent slide to near bankruptcy. In…
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on June 28, 2011. Filed under News.
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Posted by
on June 28, 2011. Filed under