Banks Unwilling To Finance $5 Trillion Global Nuclear Development

After decades of being treated as the black sheep of the energy universe, nuclear energy is enjoying a renaissance in the U.S. and many Western countries thanks to the global energy crisis. Back in December, at the COP28 summit, 22 countries including the US, Canada, the UK, and France pledged to triple nuclear power capacity by 2050 (from 2020 levels). Last month, 34 nations, including the United States, China, France, Britain, and Saudi Arabia, committed “to work to fully unlock the potential of nuclear energy by taking measures…