When President Donald Trump decides to move the needle, he does not tiptoe around it. This year, Trump has been on a mission to supercharge America’s energy output, with his eyes now firmly set on nuclear energy. Most recently, that mission has taken shape in the form of an $80 billion deal with nuclear powerhouse Westinghouse, aimed at constructing a new fleet of nuclear reactors across the United States.
The deal, announced on Oct. 28, brings together Canadian uranium producer Cameco (CCJ) and investment giant Brookfield Asset Management (BAM) in a strategic partnership. The move directly answers Trump’s executive orders from May, which laid out a target to quadruple U.S. nuclear capacity by 2050.
