Natural Resources Canada

Natural Resources Canada

February 27, 2014 08:45 ET

Minister Oliver Supports Canada's Nuclear Industry

OTTAWA, ONTARIO--(Marketwired - Feb. 27, 2014) - Natural Resources Canada

Canada's Natural Resources Minister, the Honourable Joe Oliver, today delivered the opening address at the Canadian Nuclear Association's Annual Conference and Tradeshow. He underscored the Government of Canada's ongoing support of the Canadian nuclear industry.

In line with this year's conference theme "Developing the Next Generation," Minister Oliver lauded the industry's accomplishments and spoke about the opportunities facing Canada's nuclear sector. The Minister highlighted the recently signed Nuclear Cooperation Agreement with India, the Supplemental Protocol to the existing Nuclear Cooperation Agreement with China, and the proposed uranium trade liberalization measures in the Canada-EU Trade Agreement - the largest free trade deal in the history of our country.

The Minister also discussed government initiatives here at home. These include:

  • Introducing the energy safety and security act in Parliament, which substantially increases the absolute liability of nuclear facility operators from $75 million to $1 billion for injury and damage;
  • Committing $222 million in Economic Action Plan 2014 over five years to support research at the TRIUMF facility, which has had promising results in producing the medical isotope Technetium-99m;
  • Providing $117 million over two years to AECL's Chalk River laboratories to ensure safe and reliable operations and a secure supply of medical isotopes; and,
  • The ongoing restructuring of Atomic Energy of Canada Limited, including successfully selling the assets of AECL's CANDU reactor division while moving toward a government-owned, contractor-operated model for AECL's nuclear labs.

Quick Facts

  • Canada's nuclear industry accounts for 30,000 high-quality jobs and helps make Canada's electricity supply among the cleanest in the world.
  • Nuclear power reduces greenhouse gas emissions by 89 million tonnes annually in Canada - the equivalent of taking more than 18 million cars off the road.
  • Nuclear power generation is projected to grow by two thirds over the period 2011-2035 led by increased demand in emerging economies such as China and India.

Quotes

"Canada's nuclear industry creates jobs and economic growth and reduces greenhouse gas emissions, all in the context of a world-class safety regime."

Joe Oliver, Canada's Minister of Natural Resources

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Contact Information

  • Melissa Lantsman
    Director of Communications
    Office of Canada's Minister of Natural Resources
    613-996-2007

    Media Relations
    Natural Resources Canada, Ottawa
    613-992-4447

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