Did Obama Just Waste $907 Million Trying to Save Nuclear Power?
The power of the atom has started to give way to cheaper energy sources with more favorable public opinion. But the don’t tell that to President Obama.
His proposed budget for 2016 set aside $907 million for the U.S. Department of Energy to invest in nuclear energy technologies. While it represents just 0.02% of the total $3.99 trillion budget proposal, many may be wondering if the president is throwing good money at an industry that is in decline. Others may be wondering how it may affect their investments, or if the funding has the potential to create new investment opportunities. What’s going on here?