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Plan to sell stake in AECL sees tough criticism
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CTV.ca News Staff
Date: Fri. May. 29 2009 10:03 AM ET
The federal government's plan to sell off Atomic Energy Canada Ltd.'s nuclear reactor business in order to boost sales of its CANDU reactor is coming under tough criticism.
Natural Resources Minister Lisa Raitt announced Thursday the plan to privatize the nuclear arm of AECL, saying the operations side of the Crown corporation should be run by business people, not bureaucrats.
Gordon Edwards, president of the Canadian Coalition for Nuclear Responsibility, said Raitt is making a mistake by taking direction from the National Bank of Canada, which advised the sale.
He told CTV's Canada AM that taxpayers deserve to have a voice in the discussion.
"There have been public investments in AECL for 60 years and they're talking about $20 billion of investments," Kane said.
"It seems like there should be a public process. We should get all the cards on the table. The private banks have been notorious for not investing in nuclear reactor projects so why would we take advice from them?"
Under the restructuring the agency will be split into two companies: separating the CANDU nuclear reactor operations and the troubled National Research Universal reactor at Chalk River, Ont.
The government will also bring in a private sector partner to manage the aging and problem-plagued Chalk River facility, which was shut down May 15 for the third time in less than two years.
Raitt defended the plan during an appearance on Canada AM on Friday, saying the government is "seeking investment in a company we know has great people, great scientists and engineers and a great product we can sell throughout the world."
There simply isn't the capacity in the public purse, she said, to effectively sell Canada's nuclear products on a global scale, noting "we need a partner to help us do that."
In terms of the Chalk River NRU shutdown and the resulting global shortage of medical isotopes -- of which Chalk River supplies one-third -- Raitt said an expert panel has been appointed to look at the situation and come up with solutions.
But the reality is that any shutdown of the Chalk River plant results in a serious tightening of the supply, she said.
Linda Keen, former president of the Canadian Nuclear Safety Commission, said Friday she believes the sell off of the nuclear reactor business reflects the government's ideology, rather than a strict business decision.
"I think it's ideological. I think the government has talked about getting rid of Crown corporations and I think this is one of the ones they have investigated and this has been in the works for a long time," Keen told Canada AM.
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I applaud the budget, even though Health Care and education may stay unscathed. Sadly this cannot last and I worry to later this year where cuts will become enviable. If anything, this provides the Wildrose Alliance plenty of ammo when an election is called.



Comments are now closed for this story
Sherry
said
f piccioni
said
Samual
said
The current government does a terrible job of promoting Canada. Harper hired a couple of Americans but they would only be interested in what is good for the USA.
Micheal Ignatieff would do a much better job of promoting Canada, he's a Canadian, known & respected around the world, looking out for the interest of Canada.
It's just plain & simply stupid to sell.
Another asset going,going,...,gone
said
anti-privatization
said
From the Hills of Halton
said
A minority government tackling tasks which it is clearly not mandated to do. Significant decisions like these must have the approval of Canadian Tax Payer. We collectively own that corp., and in my opinion it is not for sale. A strategic partnership would be a good idea, but giving away a $20B investment - IS NOT !!! This must be stopped - where are the Liberals and NDP?
As an example, look at the 403 Toll Road in Ont. The Province footed the lions share of construction and sold it to a private concern at 10 cents on the dollar immediately after completion. Smacks of an insider deal here, I'll bet someone on the inside was on the take. What other motive could there be? Whereas, a partnership would have ensured steady revs into coffers.
IMO this Conservative Gov has to go before it does irreparable damage. I was a Conservative, but now have seen the light. Sorry, but in my opinion the Cons are cold hearted and Harper is a Dictator. The ultimate cause of my switch is watching my wife after 35 yrs of working and never needing UI being laid off. And Harper in these particularly harsh times so cold hearted. How do you live with a 2 week waiting period? How do you live off 50% of your income for 30 or 40 weeks? Jobs are scarce and even more scarce at age 54. I'll say it again, Harper had an opportunity to help up but IMO he turned an Indifferent and Cold shoulder. He has lost my vote for ever !!!
bruce in london
said
The reason to privatize is to eliminate political games and let the Company compete in world markets for nuclear energy. These markets are growing.
We have fallen behind the rest of the world because of public ownership and political correctness.
Ms. Keen is hardly an unbiased observer here.Y ou will recall that she was fired by the govt.for her botched decisions at AECL.
Goldens
said
John W
Britgetown NS
Mike
said
The Conservatives presume good faith on the part of corporations and criminality on the part of individuals. They grant self-regulation to those who brought us the current depression-2.0 but want police breathing down the necks of individuals. If the corporations demonstrate their ineptitude and lack of ethics too blatantly it is the job of the puppet conservatives to confuse and distract us into thinking we should not believe our eyes and ears, that somehow by working hard and paying our taxes we have failed the great and mighty corporate gods.
When the Conservatives need policy they consult their masters again to tell us what we should do with our collective assets and the ready answer invariable is privatize! For what other answer could there ever be from those who stand to benefit from our conservatives' fire sales.
When the Conservatives need to know how many should be allowed to die from climate change before we even develop a coherent plan they consult their masters and the ready answer is as many as necessary, until we find a way to profit from the situation.
This insidious agenda is killing Canada.
Ray in Sask
said
Brian
said
They did, in the last election. That's why we elect governments, to undertake significant and complex decisions on our behalf. What exactly is Edwards proposing, national referendums on policy issues every time something important comes up?
Fact is, Chalk River has been a money pit and been badly managed for years. After 20 billion in public funds, this taxpayer says "enough!!"
Ian Ottawa
said
Shawn in Montréal
said
How can anyone honestly trust them to build any NEW reactors if the last two don't work...
In the mean time just pray you and those you love don't need any diagnostic tests for heart conditions or cancer...
John in Mississauga
said
But the best one to sell would be the Finance Department seeing how it's already 50% sold to private interest groups of Harper's already. They can get Flaherty to run it for them cheap.
Nancy: Keen decision only 4 party agreement ever
said
Herb
said
"They did, in the last election. That's why we elect governments, to undertake significant and complex decisions on our behalf."
Brian, I'm not sure you understand how parliamentary democracy works. A MINORITY gov't was elected. Basically, that means Harper does not have a mandate to do anything beyond what he can achieve by working with the opposition parties. Yours is a common mistake, and it's understandable why you think the Harper gov't can do as it pleases, especially since they have a history of misrepresenting facts and reality.
Wade Ens - Keen was too Political
said
Tyler Brampton
said
She was fired for CAUSE
said
END OF STORY
ADM Saskatchewan
said
Matt
said
J.C.
said
The idea of a private ownership of the facility worries me. It should be run privately but overseen by government. THis in my opinion would be the best course to take.
A new facility needs to be built which would give work to many currently unemployed.
There is no doubt that it would cost to be done but after so many years of neglect on the part of many different governments it is time to take the steps necessary to make this a safe and profitable facility!! We are no longer able to ignore this. It is shameful that so many previous governments have let Chalk River slide to the state it is in!!!
Brian
said
The other parties are welcome to oppose this and trigger a confidence motion on the matter, if they feel that strongly about it.
Being a MINORITY government does not deprive one of the right to actually govern, i.e. to make decisions.
Frank Buchan (Vauxhall, Alberta by way of Ontario)
said
Larry L
said
============================
Nice conspiracy theory but based in false assumptions. The Court said that political appointees like Ms Keen hold their positions "at the pleasure of the Prime Minister" which means a PM can pretty much do whatever he/she wants when it comes to hiring/firing those appointees. In this case, Harper disagreed with Ms Keen's insistence on appropriate safety measures so he fired her.
I agree with your statement that politics should not be involved in these matters. Harper was the only politician involved - so there goes the conspiracy theory about the Liberals.
Canada's Twin#1
said
Step back from party bias and really look at it
said
Let Candus expand and make the money, and Chalk River get the necessary repairs, and new construction it needs to continue to produce these isotopes.
Separation makes sense.
edd
said
To those of you that are saying "selling it would equate to the loss of Avro Arrow", get real, after years of Liberal mis-management, we have already lost the nuclear business.
To those of you saying that Iggy would do a better job of promoting Canada, remember he is only a part time Canadian and would probably sell everything off to Russia(his real home), or to the Americans(his adopted home).
Jim Baird
said
The government's approach to the problem is to bury it rather than the waste and thus strangle the sales effort.
In avoiding dealing with waste it was necessary to kill off three Canadian technologies. CANDU, the Subductive Waste Disposal Method, which government erroneously claimed would violate the London Dumping Convention and the Nuclear Assisted Hydrocarbon Production Method, which would use the waste heat of spent fuel to flow 6 billion barrels of viscous oil sands annually.
Canada needs to innovate?
Why would anyone bother?
Laura
said
david sawkiw[saskatchewan farmer]
said
Hon Owen Shears
said
Considering the extremely high costs involved, with the associated absolute need for safety and accountability, I would consider this an election issue. AECL needs to be phased down and out. Medical isotopes will soon be supplied by centrifuges; no reactors required. If you think rising health care costs damage the economy (they already have), nuclear power is a one-way ticket to economic suicide. STOP THE NONSENSE. To the juvenile ignorant Harper phenomenon, be gone! Election time! The future of energy is renewable, clean and safe.