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Canada’s nuclear drive picks up speed [Reuters] (www.reuters.com)
submitted 3 years ago by to c/canada@lemmy.ca
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The Federal Budget 2023, announced in March, showed strong support for nuclear power.

The budget offers a 15% refundable Investment Tax Credit (ITC) for clean electricity including nuclear and a 30% ITC for clean technology manufacturing (including nuclear energy equipment, and processing or recycling nuclear fuels).

The budget also explicitly backs nuclear power through a range of other initiatives, such as an extension of reduced tax rates, financing from the Canada Infrastructure Bank, cash for the regulatory authority, and half a billion dollars in SMR project investment.

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[–] 0 points 3 years ago

I would love to see some new, big reactors to get us away from coal and natural gas! There is no way to get fully off polluting energy sources without a nuclear (and hydro) backbone

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