PowerShares Global Nuclear Energy
The Japanese engineering conglomerate Hitachi (NASDAQOTH: HTHIY) has decided to expand rapidly in the UK’s nuclear sector by investing $1.12 billion to purchase Horizon Nuclear Power from the German firms E.On and RWE NPower who are walking away from nuclear power following the German government’s policy to reduce nuclear energy operations after the Fukushima incident. The apparent irony here is thatHitachi, based in a country that more »
It is 18 months since the disaster at the Fukushima nuclear power plant, and finally, the Japanese government has made a decision about the future of nuclear power in the country. The government has stated that it will phase out nuclear power entirely by 2040. This would make Japan the second major country, after Germany, to announce such a withdrawal from nuclear power.
Prior to the Fukushina disaster, nuclear power more »