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Canada Unveils Nuclear Strategy, Promises to Become Energy Superpower
The plan has no new funding and aims to modernize Candu reactors, expand uranium exports and speed approvals for future projects.
- On Monday, Natural Resources Minister Tim Hodgson announced Canada's nuclear strategy, setting a goal of building up to 10 new large-scale reactors and streamlining federal regulatory reviews within two years.
- The government positions nuclear power as a triple threat for Canada's economy, energy transition, and sovereignty, aiming to double the nuclear workforce by 2050 and scale up reactor technology exports.
- Canada currently operates 17 reactors and promises to develop a modernized Candu reactor by 2030, prioritizing domestic supply chains for technology used since the 1960s.
- While the strategy includes no new federal spending, Hodgson said Ottawa will release a financing policy by April 2027 using existing tools like the Canada Infrastructure Bank.
- Facing competition from American reactor developer Westinghouse, Ottawa targets winning four new international markets by 2040 and deploying at least one new reactor outside Ontario by 2035.
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Canada looks to build up to 10 new nuclear reactors, sell more Candu reactors abroad
OTTAWA — Canada is looking to build up to 10 new nuclear reactors over the next 15 years, sell Candu reactors to more countries and double uranium exports, Energy Minister Tim Hodgson said Monday as he released a new national strategy for nuclear power. Hodgson called it a plan for a “new civilian nuclear renaissance” The post Canada looks to build up to 10 new nuclear reactors, sell more Candu reactors abroad appeared first on Medicine Hat News.
Coverage Details
Total News Sources15
Leaning Left7Leaning Right1Center4Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
59% Left
L 59%
C 33%
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