{"id":94185,"date":"2024-11-21T12:22:00","date_gmt":"2024-11-21T12:22:00","guid":{"rendered":"https:\/\/resourcework2.devstudio.work\/?p=94185"},"modified":"2025-03-30T01:17:05","modified_gmt":"2025-03-30T01:17:05","slug":"canada-nuclear-superpower","status":"publish","type":"post","link":"https:\/\/resourcework2.devstudio.work\/?p=94185","title":{"rendered":"Is Canada the next nuclear superpower?"},"content":{"rendered":"\n

Good to see Prime Minister Justin Trudeau pushing nuclear power as a key contributor to meeting the world\u2019s soaring demand for electricity.<\/p>\n\n\n\n

\u201cThe energy consumption necessary around AI (artificial intelligence) nobody has properly understood yet,\u201d he said. \u201cWe have stepped up big time on nuclear.\u201d<\/p>\n\n\n\n

He cited Canada\u2019s uranium reserves and progress in building both full-scale CANDU reactors and small modular reactors (SMRs). He said other countries need to \u201cskate where the puck is going\u201d on cleaner energy sources.<\/p>\n\n\n\n

\u201cWe know that if we are going to meet our net-zero targets around the world, and certainly in this region, nuclear is going to be really part of the mix.\u201d<\/p>\n\n\n\n

He stopped short<\/a> of saying Canada would build more major nuclear reactors for domestic use but spoke about the development of SMRs. Ottawa has previously stated it wants to become “a global leader in SMR deployment.”<\/p>\n\n\n\n

Meanwhile, International Trade Minister Mary Ng said Canada is launching a gateway for nuclear development in the Asia-Pacific region. She said growing Pacific Rim economies will face increasing demand for electricity, not just to curb emissions.<\/p>\n\n\n\n

\u201cAll this followed CANDU licence-holder AtkinsR\u00e9alis announcing<\/a> a \u201cmulti-billion-dollar\u201d sale of two CANDU reactors to Romania, the first to be built since 2007. The federal government contributed $3 billion, the company said.<\/p>\n\n\n\n

And in one of our Resource Works Power Struggle podcasts<\/a>, energy journalist Robert Bryce said: \u201cWe\u2019re seeing the revitalization of the nuclear sector\u2026 There are a lot of promising signs.\u201d<\/p>\n\n\n\n

Also from Bryce: \u201cForty-seven per cent of the people on the planet today live in electricity poverty. There are over three billion people who live in the unplugged world; 3.7 billion who live in places where electricity consumption is less than what\u2019s consumed by an average kitchen refrigerator.\u201d<\/p>\n\n\n\n

Policy Options magazine notes how Canada and 21 other countries signed<\/a> a 2023 pledge to triple nuclear energy capacity by 2050, and says: \u201cThe reality would appear to be clear: there is no feasible net-zero future without the deployment of new nuclear power.\u201d<\/p>\n\n\n\n

For Canada, it adds: \u201cWe have an opportunity to expand our global status, but this requires overcoming years of policy inaction while other nations have modernized their nuclear strategies. To triple our nuclear capacity by 2050, we need clear priorities and unwavering political commitment.\u201d<\/p>\n\n\n\n

Earlier this year, Fran\u00e7ois-Philippe Champagne, federal minister of innovation, science and industry, said nuclear power needs to grow<\/a> for the world\u2019s renewable-energy economy.<\/p>\n\n\n\n

\u201cNuclear, definitely. For me, we have to look at hydro, we have to look at nuclear, we have to look at small modular reactors, we have to look at wind, we have to look at solar.\u201d<\/p>\n\n\n\n

Jonathan Wilkinson, energy and natural resources minister, promised<\/a> to expedite the approval process for new Canadian nuclear projects.<\/p>\n\n\n\n

Canada now gets about 15% of its electricity from nuclear generation, mostly from reactors in Ontario.<\/p>\n\n\n\n

But the last nuclear reactor to come into service in Canada was at the Darlington station, east of Toronto, back in 1993. No new nuclear project has been approved since then, but multi-million-dollar upgrades<\/a> are underway at existing Ontario plants.<\/p>\n\n\n\n

Heather Exner-Pirot of the Macdonald-Laurier Institute and Jesse McCormick of the First Nations Major Projects Coalition see SMRs and micro-reactors as a plus<\/a> for rural and remote areas of Canada that now rely on diesel to generate power. Some First Nations are also interested.<\/p>\n\n\n\n

However, the two commentators point out that nuclear developers will need Indigenous support and will have to \u201cprovide meaningful economic benefits and consider Indigenous perspectives in project design.\u201d<\/p>\n\n\n\n

Now, the Wabigoon Lake nation in Ontario has stepped up<\/a> as a potential host to a deep underground facility for storing nuclear waste.<\/p>\n\n\n\n

As Canada looks to SMRs to meet electricity demand, our country also hopes to sell more uranium to other nations\u2014perhaps with a little help from Russia.<\/p>\n\n\n\n

In October, Russian President Vladimir Putin proposed restrictions<\/a> on Russian uranium exports in retaliation for Western sanctions on Russian oil, gas, and LNG.<\/p>\n\n\n\n

That boosted hopes for increased exports of Canadian uranium.<\/p>\n\n\n\n

Canada, once the world’s largest uranium producer, is now the world\u2019s second-largest, behind Kazakhstan, and accounts for roughly 13% of global output.<\/p>\n\n\n\n

Putin\u2019s threat gave more momentum to the plans underway by NexGen Energy for its $4-billion Rook 1<\/a> uranium mine in Saskatchewan.<\/p>\n\n\n\n

The Canadian Nuclear Safety Commission has completed its final technical review<\/a> of the project. Next comes a commission hearing, followed by a final decision on approval.<\/p>\n\n\n\n

NexGen is working on detailed engineering plans in preparation for full construction, pending federal approval.<\/p>\n\n\n\n

NexGen could push Canada to become the world\u2019s largest uranium producer over the next decade. Other companies are rushing to Saskatchewan to start exploration projects in the Athabasca region, while existing players are reopening dormant mines.<\/p>\n\n\n\n

All this follows the commitment by nearly two dozen<\/a> countries in 2023 to triple their nuclear-energy output by 2050.<\/p>\n\n\n\n

And so Britain\u2019s BBC News topped a recent roundup<\/a> on nuclear power with this headline: \u201cWhy Canada could become the next nuclear energy ‘superpower’.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The rise of AI and other technologies have pushed energy demand through the roof, and Canada can help power that with nuclear.<\/p>\n","protected":false},"author":3,"featured_media":94190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[677,33,32,38],"class_list":["post-94185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nuclear","tag-ai","tag-canada","tag-energy","tag-nuclear"],"acf":[],"yoast_head":"\nIs Canada the next nuclear superpower? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/resourcework2.devstudio.work\/?p=94185\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Canada the next nuclear superpower? 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