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.

  • zephyreks
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    1 year ago

    Hasn’t China been pretty good about environmental/labour regs in their nuclear industry? I seem to remember reading that their nuclear industry is more tightly regulated than general industry because, y’know, nuclear.