The Standing Committee on Natural Resources tabled its study on innovation, sustainable solutions and economic opportunities in Canada’s nuclear sector on June 9.
The report, titled ‘Nuclear Sector at a Crossroads: Fostering Innovation and Energy Security for Canada and the World,’ calls on the Government of Canada to reaffirm its long-standing support for Canadian nuclear energy and research.
The Standing Committee, comprised of MPs from all three major federal parties, recognizes Canada as a stable and reliable supplier of energy resources, technology and services.
“From the development of the world-renowned CANDU reactor, to becoming an international leader in isotope technology and production, Canada has a proud history of providing the safest technology, and an unsurpassed expertise in the industry,” said James Maloney, Chair of the Committee.
The report credits nuclear for its role in helping Ontario shut down its coal plants, and goes on to state that, “As a non-emitting source of steady, baseload power, nuclear power has been recognized by G7 leaders as a key contributor to greenhouse gas (GHG) emission reduction and climate change mitigation.”
The committee’s findings are based on evidence from a wide range of experts from industry, government, academia and civil society.
Ontario’s nuclear industry has been internationally recognized and the province is also home to many globally respected health care institutions and suppliers of important technologies and support services. The report recognizes Bruce Power and its partnership with Ottawa-based Nordion for their innovation in alternative technologies to produce medical isotopes.
Bruce Power supplies Nordion with Cobalt-60, used to sterilize 40 per cent of the world’s single-use medical devices such as syringes, sutures, and surgical gowns, masks and gloves, keeping hospitals around the world clean and safe. Applications also include non-invasive radiosurgery for the precise treatment of brain tumours as well as other external beam therapies that are used to treat more general cancer tumours in the body.
Bruce Power is committed to playing a key role in Canada as both a leader in developing innovative medical applications and a major contributor of economic prosperity and growth. Over the next 20 years, Bruce Power refurbishments are expected to provide thousands of direct and indirect jobs annually, representing $980 million to $1.2 billion in labour income into the Ontario economy, in addition to $751 million to $1.07 billion in annual economic benefit through equipment, supplies and materials both directly and indirectly. Furthermore, Bruce Power is expected to create and sustain 22,000 direct and indirect jobs annually through 2064, while creating $4 billion in annual Ontario economic benefit through the direct and indirect spending on operational equipment, supplies, materials and labour income.
Consistent with Ontario’s Long-Term Energy Plan, Bruce Power expects to provide the province with a large volume of carbon-free electricity for decades to come, building on the progress Ontario has already made in cleaning the air we breathe.
About Bruce Power
Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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