If President Barack Obama has his way, a new generation of safe and clean nuclear energy power plants will be the wave of the future. These new plans could pave the way for growth in nuclear exchange traded funds (ETFs) and beyond.
As other countries, including the United Kingdom, push to open new nuclear power plants, industry lobbyists have been successfully encouraging the Obama administration to do the same, reports USA Today. [Play the nuclear power shift.]
Declean McCallagh for CNET reports that Obama used his State of the Union address last week to reiterate his administration’s commitment to taxpayer-subsidized solar cells, clean coal and biofuel technology. To create those jobs, he said, it will mean more safe and clean nuclear power plants in the United States. [Ways to play the State of the Union speech.]
Although the United States has not built a new commercial nuclear plant in several decades, the news was greeted with applause from both sides of the aisle. [Why China has gone nuclear.]
For more stories about nuclear energy, visit our nuclear energy category.
- PowerShares Global Nuclear (NYSEArca: PKN)
- Market Vectors Nuclear Energy (NYSEArca: NLR)
- iShares S&P Global Nuclear Energy (NYSEArca: NUCL)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.