Tokyo Electric Power Company Holdings, Incorporated | Amendment to articles of Incorporation (nuclear and fossil fuel withdrawal)

Status
1.87% votes in favour
AGM date
Previous AGM date
Proposal number
4
Resolution details
Company ticker
9501
Lead filer
Undisclosed filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
Resolution Content The following new chapter shall be added to the Articles of Incorporation. Chapter X. Exclusion of Nuclear Power Generation for the Promotion of GX Article X. To promote GX, which refers to the transformation away from fossil fuels to toward an economic and social system centered upon clean energy, the Company shall not utilize nuclear power generation, etc., but shall mainly use natural energy and currently untapped energy
Supporting statement
Reason for the Proposal Nuclear power, like “a conventional fossil fuel-dependent society,” as pointed out by the GX, causes irreversible damage by polluting the environment. This was also proven by the accident at the Company’s Fukushima Daiichi Nuclear Power Station. Such utilization is contrary to the purpose of GX. To become fully independent of fossil fuels, we shall simultaneously move away from nuclear power. As for the achievement of GX, the Company shall immediately halt coal thermal energy generation and continue to work on abolishing inefficient thermal power generation as soon as possible. While actively introducing heat and electricity storage technologies, we should invest in developing and promoting technologies to use currently untapped energy, such as waste heat from power plants and cities. In addition, as for the nuclear power plants that are currently not operating, to reduce the massive cost and the waste of energy, the Company shall take the minimum necessary safety measures and move spent fuel assemblies to dry storage in the premises one by one. The land occupied by the non-operating nuclear power plant shall be used for natural energy power plants or as an installation site for electricity storage equipment. These activities are one of the major contributions that the Company should make to GX.

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