Nuclear Energy Industry Could Get Massive Boost from Trump
Nuclear energy stocks are set for a boost with the Trump administration looking for low cost power.
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In online stock trading, it is important to realize how the political situation can transform the market situation. The energy and manufacturing sectors depend a lot on what the political powers come up with, and that can help you plan your strategy. Why Nuclear Energy Stocks Could Rise Nuclear power could get a big boost from the Trump administration. With reports emerging that the president elect and his administration have begun formulating the country’s next energy policy, it is also being reported that Trump is looking at helping the nuclear energy industry. Contrary to the goals of the Obama administration, Trump wants to ensure that nuclear power continues to be one of the major power sources of the country. The Trump campaign has been synonymous with going contrary to many of the things the Obama administration represented, with many of these points of differences raising eyebrows. This is going to be another of those. And that means good news for Cameco Corporation ($CCJ), the uranium producer, and companies such as the Exelon Corporation ($EXC). The German Resolution Favoring Nuclear Plants It is interesting to look at what happened in Germany, where the German Federal Constitutional Court passed a resolution that allowed nuclear power plants to take legal action against the Angela Merkel government for losses they incurred from lost investments following the government’s accelerated nuclear power plant phase-out drive. The drive was motivated by the Japanese Fukushima nuclear plant accident in 2011. The Merkel government had announced its plans to close all nuclear power plants in the country by 2022, with 8 of the 17 now being made idle. This resolution by the German Federal Constitutional Court helps the operators of these power plants to recover damages up to 20 billion Euros for wastage of investment caused. America in for a Nuclear Future During campaigning, the Trump administration had promised energy independence for the United States. Trump had also specifically expressed the desire to support domestic manufacturing rather than relying on other nations. With nuclear power accounting for around 20% of the electricity supply of the nation, Trump would consider promoting nuclear energy as a means of low cost power to aid the manufacturing sector. Renewable energy is much more expensive, and nuclear power appears a lot more attractive to attain the Trump administration’s goals.
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