In comic books, radioactive disasters make stuff be massive. But in the real world, the Fukushima meltdown of 2011 is having the opposite effect on the worldwide nuclear power sector.
The sector is rapidly shrinking from the Hulk that it used to be, leading the U.S. government to announce on Friday that it is jumping out of the unprofitable uranium enrichment business.
The Energy Department is closing the Paducah Gaseous Diffusion Plant in Western Kentucky at the end of the month. The plant opened in the 1950s to help the nation develop its nuclear arsenal, and in the 1960s it began enriching uranium for power plants. Federal officials say the refinery’s operations, which were privatized in the 1990s, are no longer sustainable.
Continue reading at Fukushima meltdown’s latest victims: American uranium jobs