In Western’s 2012 Q2 letter we discussed a few historic natural disasters (notably, the 1900 Galveston hurricane) that acted as “black swan” events to alter the course of history around their geographic location. One question posed in the letter revolved around whether the 2011 Fukushima nuclear reactor meltdown in Japan – precipitated by a historically devastating earthquake and the resulting tsunami – would have long-term ramifications across the global power generation industry. Only a year out from the disaster, the extent of long-term damage to the global psyche regarding nuclear power was not yet knowable. Today, almost nine years later, the answer is very clear. Short of some unknown catalyst occurring in the future and changing the current arc of history yet again, nuclear power generation is not long for this world.