The market turns against nuclear as renewables show more promise for growth and are less of  financial sinkhole.

It has been, is, and always will be the money that the the investment world cares about. Nuclear has never made sense financially, having grown up beneath the subsidy umbrella of nuclear weapons production. Now, as the world must talk seriously about disarmament if it wants to survive, and more than the peace movement feels nuclear war would be a war with no winners, former supporters of nuclear subsidies are taking a harder look. In addition to costing taxpayers billions, nuclear power itself has become a worrying proliferation opportunity around the planet. 

Renewable energy can power the world, and it can't destroy it. As the U.S. faces a legal challenge to its failure to even have a viable waste disposal plan, the overconfidence, and arrogance of an industry that destroys the environment and public health for profit is not looking so good to citizens. As it turns out, it's not looking good to business either. The last nuclear boosters standing are those who stand to benefit, those paid directly and indirectly to shut up and take the money. These boosters are strong, they include entire governments but, especially during this election year in the U.S., it's time for people to dig deep into the national soul and vote so that "government of the people, by the people, for the people, shall not perish from the earth."

Abhishek Shah l Green Chip Stocks   20 August, 2012

As the whole world is fixated on the debate about on using and not using nuclear power for energy generation, the anti-nuclear protesters have got a new powerful argument about nuclear energy being not economically feasible. General Electric which is among the world’s top 3 suppliers of nuclear energy equipment along with Toshiba and Areva, has said that it no longer makes economic sense to build nuclear reactors. To readers of GWI, this is nothing new as we wrote more than a year ago about how nuclear energy has hit a virtual wall in the developed world. Expensive safety regulations, massive time overruns, increasing equipment prices had already made nuclear energy an expensive proposition in the West. On top of that came the Fukushima disaster which has made many countries like Germany, Japan ,Switzerland and Belgium to shut down their entire nuclear energy capacities.

Why has Nuclear Energy hit a Virtual Wall in the Developed World

The Finland Disaster

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