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Business & FinanceEnvironment

Reuters first to report U.S. eyes nuclear reactor tax credit to meet climate goals; market reacts

Reuters was first to report that the administration of U.S. President Joe Biden was throwing its support behind subsidies for nuclear power plants as part of its broader effort to decarbonize the nation’s power sector by 2035 to fight climate change. The news had immediate impact: the nuclear industry and its investors cheered, anti-nuclear environmental groups railed and uranium markets rose. Following the Reuters report, the Department of Energy confirmed that the administration was supportive of subsidies for the industry. 

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Economy & Policy
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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