Rebecca F. Elliott and Brad Plumer , The New York Times; Another Trump Financial Conflict, This Time With Nuclear Power
"A Trump-sponsored business is once again betting on an industry that the president has championed, further entwining his personal fortunes in sectors that his administration is both supporting and overseeing.
This one is in the nuclear power sector. TAE Technologies, which is developing fusion energy, said on Thursday that it planned to merge with Trump Media & Technology Group. President Trump is the largest shareholder of the money-losing social media and crypto investing firm that bears his name, and he will remain a major investor in the combined company.
The deal, should it be completed, would put Mr. Trump in competition with other energy companies over which his administration holds financial and regulatory sway. Already, the president has sought to speed up safety reviews of new nuclear power plants and lower thresholds for acceptable radiation exposure.
“Having the president and his family have a large stake in a particular energy source is very problematic,” said Peter A. Bradford, who previously served on the Nuclear Regulatory Commission, the independent agency that oversees the industry."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.