The new Republican majority in the House would seem to represent a Godsend for the nuclear power industry, which has been stymied by Democrats in the past. But not so fast, reports Politico. “The tea party-led charge to cut spending and pull back the hand of government could stand in the way,” the news service states.
“Although several tea party-supported winners in the House espoused an ‘all of the above’ approach to energy policy that included nuclear energy during their campaigns, it remains to be seen how these new members will react to the sticker shock of new reactors and the massive role the federal government plays throughout the industry.”
The nuclear power sector relies on assistance from the government, and that makes it vulnerable to attack from congressmen looking to slash spending and big government.
© 2013 Newsmax. All rights reserved.