Trump’s Nuclear Obsession
Image by Lukáš Lehotský.
The Trump family is now directly investing in atomic energy. Its money-losing Truth Social company has become a part owner of a major fusion nuclear power project.
Among much more, the investments mean the Trump family stands to profit directly from White House attacks on wind, solar and other cheap, clean renewable energies which for decades have been driving fusion, fission and fossil fuels toward economic oblivion.
“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,” reported an article on the front page of the business section of the New York Times last week. “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 investment firm that bears his name, and he will remain a major investor in the combined company.”
The headline of the piece: “Trump’s Push Into Nuclear Is Raising Questions.”
The primary asks have to do with economic conflicts of interest, and public safety.
“The deal, should it be completed,” the article continued, “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 gut safety oversight of nuclear power plants and lower thresholds for human radiation exposure.”
CNN reported: “Nuclear fusion companies are regulated by the federal government and will likely need Uncle Sam’s deep research and even deeper pockets to become commercially viable. The merger needs to be approved by federal regulators—some of whom were nominated by Trump.”
CNN quoted Richard Painter, chief White House ethics lawyer under President George W. Bush, as saying: “There is a clear conflict of interest here. Every other president since the Civil War has divested from business interests that would conflict with official duties. President Trump has done the opposite.” Painter is now a professor at the University of Minnesota Law School.
“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 agency meant to oversee the nuclear industry in the United States, in the Times article.
“The Trump administration has sought to accelerate nuclear power technology—including fusion, which remains unproven,” Bradford said. “That support has come in the form of federal loans and grants, as well as executive orders directing the NRC to review and approve applications more quickly.”
Still, the White House press secretary, Karoline Leavitt, said in a statement that “neither the president nor........
