Society of Energy Professionals

Society of Energy Professionals

June 23, 2010 12:55 ET

Society of Energy Professionals: Restructuring AECL Needs to be Open and Transparent

OTTAWA, ONTARIO--(Marketwire - June 23, 2010) - Canadians need to be made aware about the potential sale and restructuring of Atomic Energy Canada Limited (AECL) and its assets because there are few safeguards in place to protect Canadian jobs, thereby putting the Canadian nuclear energy industry at risk, the President of the Society of Energy Professionals (SEP) told the Senate Finance Committee today.

The federal budget implementation act, Bill C9, is currently before the Senate Finance Committee for review. Its provisions allow the government to sell AECL assets with minimal scrutiny or public debate. Debate in the Senate on Bill C9 is expected to finish in the coming weeks and the restructuring of AECL and sale of the CANDU technology is expected to begin this fall. 

"We are very concerned that this sell-off is counter-productive and will potentially limit the growth of Canada's nuclear industry at a time when governments worldwide are looking for clean, reliable energy solutions and green jobs," Mr. Sheppard said. Bill C9 gives the federal government unfettered power to sell off Canadian nuclear technology, putting thousands of high-paying, high-skilled Canadian nuclear-industry jobs at risk, he added.

"Canada has a wealth of nuclear expertise and knowledge that is renowned worldwide and we feel it is imperative that this technology - and the thousands of good jobs it creates - must remain Canadian." Mr. Sheppard said. "Through the sale of AECL, the federal government is putting at risk over 70,000 Canadian nuclear jobs. A decision of this magnitude should be made transparently, with the interests of Canadian workers being key to government decision-making."

Canada is poised to capitalize on the growing domestic and international demand for clean, reliable sources of energy like nuclear power. Countries that lead the way in developing these power sources stand to gain high levels of economic growth and job creation. Canada is well-positioned to prosper from the increased demand for clean energy globally because of the knowledge and skills of our nuclear workers and the high quality of our nuclear technology and domestic supply chain.

The Society of Energy Professionals represents over 8,000 employees in Ontario's electricity sector including engineers, scientists, supervisors and financial specialists. SEP's members work for Ontario Power Generation, Hydro One, Bruce Power, the IESO, the OEB, the ESA and other key electricity sector employers. Over 53 per cent of our members work in Ontario's nuclear industry. All of these members are involved in the operation and management of CANDU reactors (made by AECL).

Contact Information

  • Society of Energy Professionals
    Mike Belmore
    External Relations Officer
    Primary Phone: 905-308-4300
    belmorem@thesociety.ca