Nuclear support triples under Tories
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.
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Ukraine's parliament backs amendments to electricity market law
KIEV - The Verkhovna Rada, Ukraine's parliament, has adopted at first reading a draft law that proposes giving the National Commission for State Regulation of Energy and Public Utilities the right to set marginal prices in the electricity market until 2023.
A total of 259 MPs voted for the document at a parliament meeting on Tuesday, November 12, according to an Ukrinform correspondent.
Bill No. 2233 introducing amendments to the law on the electricity market provides for the legislative regulation of the mechanism for fulfilling special obligations for the purchase of electricity at a "green" tariff, preventing the uncontrolled growth of electricity…
