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Despite Fukushima, Russia’s Nuclear Industry is Open for Business via NoisyRoom.net

By: John Daly of OilPrice.com

Japan’s 11 March catastrophe at its six-reactor Daichi Fukushima nuclear power complex has had global repercussions, hardly surprising given the trillions of dollars invested in civilian nuclear energy over the last five decades. Ironically, just a year ago the nuclear power industry saw itself on the verge of a renaissance, with worldwide concerns about global warming causing many to reconsider the merits of nuclear energy, which produces no greenhouse gases.

Events in Japan changed all that, and hit the “big three” exporters of civilian nuclear power technology hard – the U.S., France and the Russian Federation.

While the first two may have thrown up their collective hands in despair Moscow is rising to the challenge, seeing a potential silver lining in the nuclear cloud.

Continue reading at Russia’s Nuclear Industry is Open for Business

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