Nuclear Energy
Nuclear is Now Newclear, Again
Last month, banks from U.S. to Asia signed a joint declaration to increase support for nuclear power construction. Signatories included Abu Dhabi Commercial Bank, Ares Management, Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole CIB, Goldman Sachs, Guggenheim Securities, Morgan Stanley, Rothschild & Co., Segra Capital Management and Societe Generale. The banks' pledge comes a year after twenty-two countries and 120 companies signed a joint statement at the COP28 conference in Dubai to triple global nuclear capacity by 2050 as part of the drive to cut greenhouse gas emissions.