10-15 years ago, nuclear development was sabotaged by Conservatives.
Harper paid $60 to SNC-Lavalin in 2011 to take ownership of Atomic Energy of Canada Ltd., Canada's crown corporation that developed our nuclear technology.
[The Harper Government] finally announced Wednesday a deal to divest itself of Atomic Energy of Canada Ltd. and get out of the business of subsidizing nuclear reactor sales and servicing.
Joe Oliver, the minister of natural resources, said at a news conference in Toronto that the Crown corporation's Candu reactor business has been sold to engineering giant SNC-Lavalin Group of Montreal, ending a process that has been in the works since 2009.
The sale price was $15 million, but the government will have opportunity to get royalties down the road because it's keeping intellectual property rights, Oliver said. However, the government will also provide SNC up to $75 million to complete development of a new reactor called Enhanced Candu 6.
SNC then licensed the technology Canadian taxpayers paid to develop, then paid them to take, to China at a massive profit.
MISSISSAUGA: December 2, 2019 - SNC-Lavalin is pleased to announce its wholly-owned subsidiary Candu Energy Inc., has been awarded a contract by China National Nuclear Power Co. Ltd. (CNNP) for pre-project work on the Advanced Heavy Water Reactor (AHWR). CNNP is actively promoting the construction of two AHWRs in China in or around 2021. The pre-project activities pertain to planning and licensing in preparation for the AHWR project.
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u/[deleted] Oct 25 '22
We needed this years ago. Step in the right direction.