Ottawa and Ontario are contributing a total of $3 billion toward a project to build four small nuclear reactors in the Greater Toronto Area.
Prime Minister Mark Carney announced in September the Darlington New Nuclear Project was part of the first tranche of five major projects he deemed to be in the national interest and worthy of fast-tracking.
Ottawa will provide $2 billion in funding to support the construction and operation of the four small modular reactors (SMRs) at the Darlington New Nuclear Project in Bowmanville, Ont., Carney announced at an Oct. 23 press conference.
Carney called the funding “a generational investment,” saying the project would make Canada the first in the G7 “to have an entirely new kind of nuclear reactor.”…