Dive Brief:
- The government of Ontario has decided against spending up to $10 billion to build two new nuclear reactors and will only invest in refurbishing existing ones, according to a report in The Globe and Mail.
- Nuclear power accounts for 56% of the Canadian province’s power and policymakers are debating what power source should be relied on for future electricity needs. Natural gas is plentiful in Canada but the Liberal lawmakers in charge of the government want more reliance on conservation.
Dive Insight:
The global nuclear industry had been looking to Ontario as a bright spot at a time when, in a post-Fukushima world, nuclear power is viewed warily as unsafe and not competitive with less risky natural gas-fired generation.