Nuclear support triples under Tories

OTTAWA, CANADA - Federal funding for Atomic Energy of Canada Ltd. has tripled since the Conservative government of Stephen Harper came to power in 2006.

Figures provided by Natural Resources Canada show that taxpayers will pour more than $1.2-billion into the Crown corporation during the fiscal year just ending and the one set to begin April 1.

The cash influx comes at a crucial time for AECL, which is in a life-or-death bidding war to build new, next-generation nuclear reactors in Ontario.

The Conservative government is also sitting on a study it commissioned that reportedly recommends privatizing a majority stake in AECL.

Natural Resources Minister Lisa Raitt says that several policy drivers favour increased federal support for the nuclear industry, including environmental goals, industrial development and value to taxpayers as “shareholders.”

But critics argue Ottawa is putting good money after bad, especially if it plans to sell off the profitable parts of AECL to the private sector.

Related News

weed zapper

A robot is killing weeds by zapping them with electricity

LONDON - On a field in England, three robots have been given a mission: to find and zap weeds with electricity before planting seeds in the cleared soil.

The robots — named Tom, Dick and Harry — were developed by Small Robot Company to rid land of unwanted weeds with minimal use of chemicals and heavy machinery.
The startup has been working on its autonomous weed killers since 2017, and this April launched Tom, its first commercial robot which is now operational on three UK farms. The other robots are still in the prototype stage, undergoing testing.

Small Robot says robot Tom…

READ MORE
map of canada ev sales

Atlantic Canadians less charged up to buy electric vehicle than rest of Canada

READ MORE

carbon free future

Minnesota bill mandating 100% carbon-free electricity by 2040

READ MORE

bc hydro president

Two new BC generating stations officially commissioned

READ MORE

northern pass commission

New Hampshire rejects Quebec-Massachusetts transmission proposal

READ MORE