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Nuclear Power Back in Vogue as Governments Pursue Viable Energy Alternatives

PR Newswire - Mon Jan 23, 2023

FinancialBuzz.com News Commentary

NEW YORK, Jan. 23, 2023 /PRNewswire/ -- Nuclear power is back at the center of attention as an effective method for combating climate change. In addition to the support governments around the world have shown for the industry in recent years, private investors and market movers are now getting involved. Furthermore, celebrities and major movie directors are now working on destigmatizing nuclear energy. For example, director Oliver Stone has shown his support for nuclear power with a screening of his documentary movie 'Nuclear' at this year's World Economic Forum in Davos. According to the New York Times, the screening, "was packed — to the point of attendees sitting on the floor." Mr. Stone reasoned that the appetite for his film comes from a lack of alternative solutions, "Despite our investments in renewables, it's not improving our carbon emissions because we haven't tackled the core issue — eliminating fossil fuels," he told DealBook. "Climate change has forced us to take a new look at nuclear power." NuScale Power Corporation (NYSE: SMR), Brookfield Business Partners L.P. (NYSE: BBU), BWX Technologies, Inc. (NYSE: BWXT), Rolls Royce Holdings plc (OTC: RYCEY), Northrop Grumman Corporation (NYSE: NOC).

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