CTV News | Plan to sell stake in AECL sees tough criticism

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Plan to sell stake in AECL sees tough criticism

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Canada AM: Gordon Edwards on nuclear ownership
Canada AM: Lisa Raitt, Natural Resources Minister, on the nuclear sale
Canada AM: Linda Keen, former president of the Canadian Nuclear Safety Commission, reacts to the shake up
CTV News Channel: BNN's Kim Parlee with market reaction to the nuclear sale
CTV News Channel: Dr. Christopher O'Brien, Ontario Association of Nuclear Medicine, with his view of the sale

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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.

Comments are now closed for this story

Sherry
said

I would like to buy it ... I wonder how much it'll cost.


f piccioni
said

The Harpo government has to go. Iggy, get off your duff and save the country from these incompetent jackasses.


Samual
said

A new government would boost sales someone who is known & respected around the world.

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

I see shades of Mike Harris selling the farm. The taxpayer ultimately loses...


anti-privatization
said

This should not happen. We are falling into a slippery slope of privatization. There has to be a limit to these actions before it is too late.



From the Hills of Halton
said

Here we go again...

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

Ms. Keen acknowledges that we are being left behind in the Nuclear energy market and then says the rationale to privatize is "conservative Ideology".

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

If it is in the best interest of Canada and Canadians then why not! These nay sayers are as bad as the anumal cult with no real logic or reason then self interest!

John W
Britgetown NS


Mike
said

A vote for the conservative government is a vote for no government or rather for corporate government. The Conservative agenda is the elevation of corporations to the status of super entities, unbound by law or ethics. In the end, the effect of this agenda is to reduce individuals to serfs in a corporate fiefdom. To reduce our government to the role of a corporate partner, partner in crime if necessary.

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

I said this before, and I say it now. These new Tories as it's a merged party, is involved with the ideas of privatizing everything. If they do this it will open a can of privatization including the health system. Not the government that sounds like it's responsible to it's citizens.


Brian
said

"He told CTV's Canada AM that taxpayers deserve to have a voice in the discussion."

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

Some rich group is going to get richer. Probably a US Company. You think the medical bills are high now??? Just wait.


Shawn in Montréal
said

Can someone PLEASE report on what Maple 1 and 2 never opened, and are there ANY plans at this point to re-visit them as they are basically built, to help solve this issue.

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

What's next??? Sell off foreign Affairs to the highest bidder. Hey, why not sell off the CRA. They don't know what they are doing anyways.

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

She seems to forget all parties voted to restart the plant and reversed her decision it is the only thing the 4 parties in Ottawa have ever agreed on.



Herb
said

Brian 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

Linda Keen was fired for just cause and my understanding she ask for a judicial inquiry and the court said no the decision would not be reveiwed. She use to work for Ralph Goodale when he was a minsiter and when you hear lines like ideology and stuff you have to wonder if Ralph is feeding her the lines and it is clear evidence she is political which makes you wonder what drove her bad decisions in the past, was it to promote a certain party, trying to create a crisis, we'll never know but these political statements instead of sticking to the facts makes me happy she is gone because we don't have room for politics or the perception of politics when cancer lives are at stake.


Tyler Brampton
said

If Keen thinks it is a bad idea it must be the right thing to do.


She was fired for CAUSE
said

Keen was fired for cause, not for shutting down the reactor. Her reason for FIRING was because she meddled in politics as a public service employee. This is a statutory cause for termination. All public employees are required by law, and have been for over 50 years, to refrain from public political activities.
END OF STORY


ADM Saskatchewan
said

I thnk whatever would work to get the medical isotopes to the people who need them. If privatization is what it takes then go for it. It doesn't mean a start of selling off crown corporations and it would put a substantial amount back into the the Canadian government, possibly cutting down the high deficit.


Matt
said

Looks like the beginning of the end for Canada’s nuclear energy technology. Just as Canada was once a world leader in aero-space engineering (Avero Arrow), our made-in Canada nuclear technology will also be thrown away. Another great Canadian achievement will soon be lost.


J.C.
said

Instead of selling, why not just hire a firm to run the facility, or take on a capable partner to run it? This way the people would still be able to have some say in it.

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

Herb:

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

Inflamatory headlines do no one any good where real news is concerned. "Nuke agency?" Come on, we all know that "nuke" is used here because it is synonymous with "nuclear bomb." I used to have some respect for CTV, but increasingly find myself losing it.


Larry L
said

"Wade Ens - Keen was too Political .... Linda Keen was fired for just cause and my understanding she ask for a judicial enquiry and the court said no the decision would not be reviewed. ...we don't have room for politics or the perception of politics when cancer lives are at stake."
============================
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

No wonder STEVE..........was so buddy buddy with Gordo from BC they conspired together to sell off all of Canada not just the western corner.


Step back from party bias and really look at it
said

Splitting the company separates the success of the Candu reactors from this ailing antique. With all the bad publicity that comes from the wear and tear on a reactor that's been running for decades you can understand wanting to separate the two.

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

Get Canadian Government out of Nuclear business activities. This business is a money pit, always was, always will be. Let private business run it efficiently.

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 greatest impediment to CANDU, or any other reactor, sales is the waste problem.

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

The upper echelon at AECL must be due for a bonus. Selling of the reactor division should supply ample funds for the $millions (perhaps $billions) needed to procure "competitive employees" that have the ability to pillage the Canadian taxpayer once again.






david sawkiw[saskatchewan farmer]
said

Isotopes??? North Korea may have some to spare.. Maybe give Kim a call.


Hon Owen Shears
said

The Canadian government has realized that AECL represents a nightmare situation; a failing nuclear power business with extremely high costs going forward; taking care of failing power plants, consistent massive cost overruns dealing with complete power plant refits (on average every 20 years), decommissioning power plants ($billions each) and radioactive materials for 100,000 years, for which no country on Earth has an acceptable solution.

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.


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