Investors warned to steer clear of nuclear

[jpak]

http://www.theage.com.au/news/business/investors-warned-to-steer-clear-of-nuclear/2007/08/05/1186252543115.html

THE hunt for sustainable energy is the gold rush of our generation, says a top British-based investment strategist, and punters should invest broadly to take best advantage.

Standard Life Investments global thematic strategist Frances Hudson said investors wanting to pick winners in a carbon-constrained future should look to engineering companies that would service whatever industries survive the shift.

"In a gold rush, the sensible thing to do is to buy picks and shovels," Ms Hudson said.

Speaking after an address to the Investment and Financial Services Association by Australian of the Year Tim Flannery, an advocate for nuclear generation to replace coal and oil energy, she said she was "less optimistic" about the future of nuclear.

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