President Barack Obama’s announcement Tuesday that the Government will guarantee loans for the country’s first new nuclear plants in 30 years is revealed as a mandatory move that won’t in itself resuscitate the dormant industry, said Rowe, Chief Executive Officer of Chicago-based Exelon Corp.

The announcement is hoped to encourage new construction, but a problem still remains that has plagued atomic energy for decades: what to do with nuclear waste?

However, opponents of nuclear power claimed that the President should not be using taxpayer money to support establish more power plants that will manufacture even more radioactive material, as long as the Government has not figured out where to put it all.

While, critics consider the President for leaving the country without a plan for disposing of the waste as the culprit, when he decided to take back the proposed Yucca Mountain nuclear waste dump in Nevada. The Government spent billions of dollars studying the location.

According to the recent figures, currently, 70,000 tons of radioactive waste are stored at more than 100 nuclear sites around the country, while, 2,000 tons are added every year.

"This generation was responsible for creating the waste", says Jack Edlow, whose Washington-based company transports nuclear material, "and this generation should make the decision to focus on it".