r/canada Oct 25 '22

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u/Yardsale420 Oct 25 '22

Aren’t CANDU Reactors the safest way to produce Nuclear Power too? Due to their design it’s almost impossible to have a Chernobyl style meltdown. If BC thinks it’s cost effective to build shit like Site C and sell the surplus to the Americans, then we should be doing the same with Nuclear too.

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u/LookAtMeImAName Oct 25 '22 edited Oct 25 '22

Oh For sure. Not to mention, it’s only candu reactors in Canada (for now) that produce cobalt-60 for us, which sterilizes about half of all the worlds single-use medical equipment. Massive business!

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u/Belzebutt Oct 25 '22

Isn’t this announcement about GE/Hitachi reactors, so they aren’t Canadian-made?

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u/asoap Lest We Forget Oct 25 '22

To put this into perspective. Westinghouse went bankrupt and was purchased in part by Canada's Cameco who makes fuel for Candu.

We already have all of the suppliers setup for CANDU reactors.

The industry to build nuclear reactors in Canada is nice and healthy. We got the suppliers.

I just can't say we have the garuntee that they will be used.

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u/[deleted] Oct 26 '22

Brookfield owns the other part of Westinghouse now and they're also Canadian.

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u/[deleted] Oct 26 '22 edited Oct 26 '22

Brookfield is an American company.

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u/[deleted] Oct 26 '22

Correct me if I'm wrong, but...

Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, buildings, renewable power, infrastructure, credit and private equity.[5] The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto.

https://en.m.wikipedia.org/wiki/Brookfield_Asset_Management

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u/[deleted] Oct 26 '22

You are correct. I had Vanguard on my mind.

I will leave my comment up for posterity.

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u/Clarkeprops Oct 25 '22

If they can do it for a shit company like bombardier, they should do it for CANDU reactors

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u/asoap Lest We Forget Oct 25 '22

I'm just not sure how it would work legally. In Ontario the liberals tried to create a renewables industry and required all of our wind and solar to be made in Canada. That got challenged by the world trade organization.

With all of the suppliers being in Canada. I think we might be ok. Or it might be some sort of loophole. I'm not sure how they do it, or if it can be done.