After Trump's Paris exit, what about nuclear?
Monday, June 5, 2017 at 08:35PM
Uranium Stocks

At the heart of President Donald Trump's pulling the U.S. out of the Paris climate accord is his conviction that America should make full and unfettered use of its domestic energy sources. That means coal, certainly. But it also includes nuclear energy, the nation's third-largest power source. 

In early May, U.S. Energy Secretary Rick Perry said the nation needs "to be a supporter of this amazingly clean, resilient, safe, reliable source of energy."

Trouble is, nuclear's future is far from glowing. Although widely used, nuclear energy has far too many problems, ranging from high reactor construction price tags to everlasting nuclear waste to competition from cheaper natural gas. 

Also, backing out of the Paris deal undercuts the one thing nukes really had going for them -- zero carbon emissions. Only coal, which electric utilities want to phase out due to its high greenhouse gas output, has a worse outlook. 

Nuclear plants -- the U.S. now has 99 commercial reactors -- are closing, not opening. Nuclear's woes came into view last week when power company Exelon (EXC) announced it would shut down its money-losing Three Mile Island plant, site of the nation's worst commercial nuclear power accident. The Pennsylvania facility will close in two years unless the company can convince the state to give it a financial rescue.   

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still pretty quiet on the uranium front.......

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