As Ottawa pursues nuclear, it must not create a new monopoly with AtkinsRéalis in charge
Ottawa is developing a nuclear strategy by 2026, influenced by AtkinsRéalis's advocacy for CANDU reactors. While expanding nuclear capacity is essential for meeting future energy demands, concerns arise over the potential monopoly created by AtkinsRéalis's exclusive rights to CANDU technology. This situation could lead to higher electricity rates and limit competition in the nuclear sector.
- ▪The Canadian government plans to develop a nuclear strategy by the end of 2026.
- ▪AtkinsRéalis has been advocating for financial support for Canada's CANDU reactor technology.
- ▪The construction of 20 gigawatts of nuclear capacity in Canada could cost over $300 billion.
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Open this photo in gallery:AtkinsRéalis Group Inc. signage in Montreal in November, 2023. The company has been pressing Ottawa to provide financial and political support for Canada’s homegrown CANDU reactor.Christinne Muschi/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountRobin Shaban is a founding partner at 2R Strategy.The federal government has announced plans to develop a nuclear strategy by the end of 2026. The announcement comes after two years of public advocacy by AtkinsRéalis, where it has pressed Ottawa to provide financial and political support for Canada’s homegrown CANDU reactor and pressed Queen’s Park to build more CANDU reactors in Ontario.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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