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Thu, 6th Aug 2020 12:52:00 |
Trump Administration Pivots To Nuclear Energy, Finds Lever Against China, Russia |
Expanding U.S. commercial nuclear power abroad could become the Trump administration’s strongest lever against Chinese hegemony and Russian expansion in the global market.
The U.S. Department of Energy, which is leading the national initiative, is on an aggressive timeline—five to seven years—to bring new advanced nuclear reactors for electric power to the international market.
A senior Energy Department official told Forbes it’s a matter of national security.
China and Russia’s aggressive plans to expand into the global nuclear energy sector pose a “significant risk” to “the U.S. economy, energy security, foreign policy, and national security, as well as that of allies,” said Dr. Rita Baranwal, DOE’s Assistant Secretary in its Office of Nuclear Energy. “The U.S. is losing its competitive global position as the world leader in nuclear energy to state-owned enterprises of Russia and China that underbid Western competitors.”
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