Why is the federal government funding new nuclear power reactors?

Today, the government made its first SMR funding announcement: $20 million from ISED’s Strategic Innovation Fund for the company Terrestrial Energy to develop its prototype SMR in Ontario.

Anyone interested in evidence-based policy is wondering: Why are they doing this? There is no evidence that nuclear power will achieve carbon reduction targets, while there is considerable research indicating the contrary.

In fact, in today’s funding announcement, federal Natural Resources Minister Seamus O’Regan confirmed that the new reactor will take more than a decade to develop and will contribute nothing to Canada’s 2030 target for reducing greenhouse gas (GHG) emissions.

Read the rest of the story on Rabble by author Susan O’Donnell, lead researcher of the RAVEN project and CRED-NB member.

Author: CRED-NB

Coalition for Responsible Energy Development in New Brunswick