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.
Related News
US Grid Gets an Overhaul for Renewables
WASHINGTON - The US took a significant step towards a cleaner energy future on May 13th, 2024. The Federal Energy Regulatory Commission (FERC) approved the first major update to the country's electric transmission policy in over a decade. This overhaul aims to streamline the process of building new power lines, specifically those that connect different regions. This improved connectivity is crucial for integrating more renewable energy sources like wind and solar into the national grid.
The current system faces challenges in handling the influx of renewables. Renewable energy sources are variable by nature – the sun doesn't always shine, and…
