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U.S. Bank Set to Lift Ban on Supporting Nuclear Power

July 8, 2020

A government-run development bank is expected to end its ban on investment in nuclear energy, a move that could allow U.S. companies to take a greater role in foreign nuclear power projects.

The U.S. International Development Finance Corporation (DFC) as early as this week could lift its prohibition on supporting nuclear power. The DFC on June 10 began a 30-day public comment period on a proposed change to the agency’s Environmental and Social Policy and Procedures. The change would enable the group to consider supporting nuclear power projects, aligning the DFC’s definition of renewable energy with that of the U.S. Energy Information Administration (EIA).

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