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Decentralized Democracy

Senate Volume 153, Issue 76

44th Parl. 1st Sess.
November 1, 2022 02:00PM
  • Nov/1/22 2:00:00 p.m.

Hon. Clément Gignac: My question is for the Government Representative in the Senate.

Senator Gold, last week it was reported that Ottawa is lending, via the Crown corporation Canada Infrastructure Bank, close to $1 billion to Ontario Power Generation for the addition of a modular nuclear reactor for the Darlington nuclear site. Following that announcement, Ontario Power Generation has adopted a $300 million Green Bond Framework that includes financing for nuclear power to achieve net-zero carbon emissions by 2040.

Interestingly enough, or disturbingly enough, the federal government has specifically excluded nuclear power projects in its Green Bond Framework released last spring.

My question for Senator Gold is the following: Could you explain to me how come the federal government, on the one hand, supports the financing of nuclear technology in Canada via the Canada Infrastructure Bank but, on the other hand, refuses to include nuclear solutions in its very own green bond offering to achieve net-zero emissions by 2050?

161 words
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