zerohedge.com / by Tyler Durden / Feb 25, 2017 6:10 PM
Submitted by Michael McDonald via OilPrice.com,
The United States was once a projected leader in the nuclear energy race. In the 20th century, the world dreamed of finding a way to provide safe, cheap, and renewable energy, and nuclear power seemed to be the manifestation of those dreams. All of this, however, seems to be coming to an end.
This past week, Toshiba decided to sell its American nuclear power subsidiary at a $6 billion loss. Westinghouse Electric Company, an American company that Toshiba acquired 10 years ago, is in the business of building and constructing nuclear power facilities. This isn’t the first time that Toshiba attempted to offload controlling interest in Westinghouse – all previous efforts, however, have failed.
Many reasons have been cited for this sell-off. Firstly, demand for electricity has been slowing down
Read more ... source: TheBitcoinNews
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