U.S. President Barack Obama gave the long-suffering U.S. nuclear industry a solid boost this week when he announced $8 billion in government loan guarantees in support of a new nuclear power plant in Georgia.
The move is intended to reduce usage of fossil fuels and meet America's future energy needs. It could also provide new profit opportunities for energy-sector investors.
"I know it has long been assumed that those who champion the environment are opposed to nuclear power," President Obama said in remarks made during a speaking engagement in Lanham, Md. "But the fact is, even though we have not broken ground on a new nuclear power plant in 30 years, nuclear energy remains our largest source of fuel that produces no carbon emissions."