The road to net zero... This Earth Day (Friday) high oil prices and the war in Ukraine have boosted global interest in energy independence and sustainability. One option gaining steam: nuclear energy. Last week South Korea (one of the largest fossil-fuel importers) reversed plans to phase out its nuclear projects. In the US, President Biden has already committed $1B to nuclear investments and research. Shares of some uranium companies like NexGen and Uranium Energy, which make the fuel for nuclear power plants, have more than doubled.
Up in the air... It’s a pesky paradox for US airlines: flight demand for everything from domestic beach weekends to European tours is soaring heading into the summer travel season. But so are airlines’ operating costs, like labor and fuel, which spiked 30% over the past month. Airlines have raised fares in a push for profitability, but so far, vacay-hungry fliers don’t seem deterred. Delta said last week that it became profitable again in March. We’ll see if United, American, and Spirit follow suit when they report this week.