Canada was the third country to achieve nuclear fission, but our history is littered with cautionary tales and cost overruns
As Canada prepares to meet its growing energy needs, there is no longer debate about the central role nuclear will play.
Critics have become converts in what is being called the “nuclear renaissance,” but before we break ground on the next generation of reactors, Canadian policymakers must answer one crucial question: Who bears the risk for cost overruns, and how do we prevent them in the first place? If we fail to get this right, we will struggle to expand nuclear power precisely when we need it most.
The Independent Electricity System Operator (IESO) has projected that electricity demand in Ontario alone will rise by 75 per cent in the coming decades. This estimate only projects meeting demand forecast today, but as AI, data centres and quantum computing evolve alongside electrification, the real demand will likely be higher.
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