blog.poweropt.com
Companies Benefiting from Cold War Weapons Cleanup | PowerOptions Web Log
On April 22nd, the U.S. Energy Departmentannounced that it will spend $6 billion to clean up nuclear weapons facilities dating back to the Cold-War era. This endeavor is part of Barrack Obama’s stimulus package, and more than half of the money is going toward clean up in South Carolina and Washington. In total, twelve states will receive funding to clean up nuclear and other hazardous waste left behind from the Cold War. This plan has the potential to be a lucrative opportunity for investors as there are only a handful of companies who specialize in hazardous waste clean up. These companies include American Ecology (ECOL), Clean Harbors (CLH), and Perma-Fix Environmental Services (PESI). American Ecology (ECOL) provides radioactive, hazardous, and industrial waste management services in the United States. It serves both commercial and government entities such as chemical production plants, refineries, steel mills, and medical and academic institutions. What makes...