New UN Report Released This Week Supports Nuclear Energy

The UN's IPCC has garnered much attention for its views on climate change, but it's another report that may be very supportive for the nuclear sector.

John Licata
John Licata
Apr 5, 2014 at 4:39PM
Energy, Materials, and Utilities

No increased cancer risk from Fukushima. That was the finding by the United Nations Scientific Committee on the Effects of Atomic Radiation in a report titled "Levels and effects of radiation exposure due to the nuclear accident after the 2011 great east-Japan earthquake and tsunami."

While many scientists and government officials were digesting the UN's earlier IPCC report on the growing need to combat climate change, the new report on radiation post-Fukushima came in rather quietly. Word about no discernible changes in the rates of cancer and other diseases after the Fukushima nuclear tragedy is welcome news to the uranium mining sector, which has seen the price of spot uranium firm up at around $34 per pound. Also, valuations of mining stocks have methodically moved higher since the start of the year. I expect this to continue on the heels of the IPCC report's major global call for lower carbon levels in order to reverse negative impacts of climate change. Therefore, I continue to favor Energy Fuels (NYSEMKT:UUUU), Denison Mines (NYSEMKT:DNN), and Cameco (NYSE:CCJ)