Brian Zinchuk is editor and owner of Pipeline Online
Federal Minister of Energy and Natural Resources presenting Canada’s new “Nuclear Energy Strategy” on June 22. Goverment of Canada photo/X
NEWMARKET, ON – On Monday, June 22, federal Minister of Energy and Natural Resources Tim Hodgson launched Canada’s “Nuclear Energy Strategy.” His wide-ranging speech spoke in detail on doubling the Canadian Electrical grid and doing so with nuclear power.
There are strong hints within the speech that should be accomplished with Canadian designed and sourced CANDU reactors, but in the subsequent press conference, he said, “To be clear, it is the responsibility and the choice of the different provinces and territories to make the technology choice for their next nuclear decisions.” That’s significant, because Saskatoon-based Cameco owns 49 per cent of Westinghouse, which offers the competing AP1000 reactor design.
Here’s Hodgson’s speech, verbatim:
It’s a pleasure to be here in Newmarket today, and I want to begin, as Minister Lecce did, by thanking Exco Energy for hosting us, and good luck on your journey as you transition to a bigger part of your business, being in the energy sector.
I also want to recognize my colleagues from across Canada, including provincial, territorial, and municipal officials, Indigenous leaders, utility leaders, labour leaders, industry, academia, and many, many other people in this room who’ve helped build Canada’s nuclear sector into what it is today. Thank you very much.
Ladies and gentlemen, today we are launching Canada’s first national nuclear energy strategy. Canada is a Tier 1 nuclear nation, but we’ve not had a national nuclear energy strategy in the past. That means in many ways this represents a new beginning. Our government is introducing a coordinated, targeted plan for the nuclear sector at home and abroad. A plan that will mean new tools, new partnerships, new builds, and most importantly, a new civilian nuclear renaissance for Canada.
It’s a renaissance because this is not the start of something completely new. We are writing the next chapter in one of Canada’s greatest industrial success stories, Gilly Abdur de Siacle, Ernest Rutherford et arriba a la Université McGill. At the time, Canada was not known as a center for Global Scientific Research.
C.D. Howe. Image courtesy C.D. Howe Institute
Rutherford found in Montreal one of the best equipped physics laboratories in the world, and within a few years he and his team had transformed the world’s understanding of radioactivity. That work helped earn the first Canadian Nobel Prize for research done, and it laid the foundation for the nuclear energy industry we know today. Then, in 1942 C.D. Howe, my predecessor in this job, authorized Canada’s entry into the commercial nuclear age with three simple words: “Okay, let’s go.”
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These words launched one of the most consequential scientific and industrial initiatives in our nation’s history. Over the course of the 20th century, the Canadian nuclear industry did some very big things. Most importantly, we developed the CANDU reactor, a uniquely Canadian technology, built through federal leadership, provincial partnership, and the ingenuity of engineers, researchers, skilled trades peoples, operators, and suppliers that make up the nuclear supply chain across this country.
In 1945 at the Chalk River Laboratory, the ZEEP reactor became the first nuclear reactor outside the United States to achieve criticality. In 1962, Canada’s first nuclear power demonstration plant came online, and in the decades that followed, Canada built a nuclear energy ecosystem that remains the envy of the world.
We built uranium mines in Saskatchewan that responsibly extract the world’s highest grade uranium. We built an entirely new domestic supply chain, that means we don’t have to rely on other countries to power our homes and industries. We built a world-class operating culture that has set the record for the highest uptime operating reactors in the world. And we created a regulatory system trusted for its enforcement of the highest safety standards in the world. We have a workforce and unions that know how to deliver new builds and refurbishments on time and under budget. And we have a customer base for our technology around the world that few countries can match, which has generated billions of dollars in exports and thousands of jobs right here at home.
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Ladies and gentlemen, built over 70 years, Canada’s nuclear energy advantage is one of our greatest achievements, and one of our greatest cards to play in the volatile world in which Canada finds itself.
Because today, as we have all come to understand, for Canada and for our allies, energy security is national security, and that advantage matters more than ever. It’s no secret that Canada is facing a changing and volatile world, where reliable energy feels scarce. Global trade is being reordered. Wars in Europe and the Middle East have reshaped energy security. Artificial intelligence and data infrastructure are driving unprecedented, unprecedented demand for power. Climate change is intensifying, and countries around the world are asking the same question: Where will the reliable, affordable energy we need to power our economy. Come from for Canada, led by your new federal government.
The answer begins with what we can control: supplying and controlling our own energy, building a stronger, more sovereign economy, creating high-paying Canadian careers and ensuring that the power that underpins our industries, our homes, our communities, and our future technologies are clean, reliable, affordable, and Canadian.
That was the challenge our government set for Canada in May, when we announced our forthcoming National Electricity Strategy. We know Canada’s electricity demand is expected to double by 2050, so we will double the capacity of our grid. We will build new major electricity projects. We will connect fragmented grids through new transmission infrastructure. And we will train young Canadians for great, well-paying careers in the electricity sector.
We will do this together in partnership with provinces and territories that have jurisdiction over their respective grids. We will do it in partnership with Indigenous peoples who are leading transition to more sustainable electricity development. And we will do it with industry and utilities who are on the front lines of building and delivering electricity to Canadian homes, businesses, schools, factories, and hospitals.
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Today’s Nuclear Energy Strategy is a direct complement to our upcoming National Electricity Strategy, which will build Canada strong for all. To put it simply, if our goal is to double our grid and reach net-zero by 2050 there is no credible plan for Canada to do that without nuclear energy and the clean, reliable caseload power it provides.
Moreover, there is no credible plan for Canada to move to become an energy superpower if we choose not to build upon one of the strongest energy advantages we have today. Canada’s nuclear sector represents more than 90,000 direct and indirect jobs in the industry itself, 90% of those jobs are high-skilled, providing high-paying career opportunities for Canadians, not only in Ontario but across this country.
Nuclear energy provides approximately 13 per cent of Canada’s base load electricity. It adds billions of dollars to our economy every year. It supports over 250 companies across the Canadian supply chain, many of whom are here today. And it is built on Canadian technology, Canadian uranium, Canadian expertise, and Canadian workers’ ingenuity, a true sovereign effort to give ourselves more than anyone else can take away from us.
Ladies and gentlemen, we are one of the few countries on earth with the strengths across the full nuclear supply chain. We mine, we mill, we refine, and we convert uranium. We fabricate the fuel. We design the services. We design and service the reactors. We operate one of the safest nuclear fleets in the world, both in Ontario and New Brunswick. We produce life-saving medical isotopes. We manage to use fuel responsibly, and we regulate our nuclear energy industry with integrity, rigor, and independence.
A less ambitious country would look at those advantages and rest on them. Under your federal government, Canada will not rest. We will build. Our new nuclear energy strategy, will transform existing advantages into future economic growth, current capability into leadership for decades to come, and this hinge moment into prosperity and security that will stand the test of time.
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To do that, our Nuclear Energy Strategy is organized around four pillars. First, enabling new nuclear builds across Canada. Our government has said clearly that Canada must build at scale and speed. That guiding principle applies to major projects, it applies to the electricity sector, and it applies in particular to nuclear. With respect to growing our nuclear capabilities, the build is already starting to happen before our eyes. As you heard from Minister Lecce, Ontario is advancing the Darlington new nuclear project, which will make Canada the first country in the G7 to deploy a small modular reactor. This nation-building project will power 300,000 homes. while sustaining 3,700 jobs annually, including 18,000 jobs during construction. This project is so significant that we referred the Darlington Nuclear Project to the Federal Major Projects Office in September of 2025. And our Canada Growth Fund made it made its largest ever by dollars investment in the project, alongside the Building Ontario Fund last fall.
This graphical rendering of a GE Vernova Hitachi BWRX-300 is the first new graphic like this to be released in some time. Notably, it only shows one reactor at the site, but four are being considered. Tennessee Valley Authority.
But Ontario is not alone. Saskatchewan is exploring both large reactors and small modular reactors. New Brunswick is looking at the future of Point LePreau and its potential expansion. Alberta is developing a nuclear roadmap by January 1, 2027 under the Canada-Alberta Memorandum of Understanding. And through our defense industrial strategy, your federal government has now taken the first big step towards exploring the use of nuclear energy in the North.
The federal government’s role is not to replace provincial or territorial jurisdictions over electricity generation. Our role is to enable, to coordinate, to de-risk and to assure affordability for ratepayers and help build the conditions for success at the provincial and territorial level. That means helping jurisdictions with modern financing tools. It means creating smarter and more efficient regulatory systems that maintain the highest standard for safety, for security, for environmental protection, and for indigenous consultation. It means investing in R & D, including modernizing the CANDU reactor, so Canadian technology remains a competitive option at home and abroad. It means taking a fleet-based approach where it makes sense, so we can reduce construction risk, strengthen supply chains, and build the reference projects that support future exports. And it means increasing Indigenous peoples’ partnership through jobs ownership and long-term benefit agreements.
The second pillar is positioning Canada as a global supplier and exporter of choice, because it’s not just Canada, the world is entering a nuclear renaissance. At COP two years ago, dozens of countries endorsed the goal of tripling nuclear energy capacity by 2050 and more than 30 countries are now pursuing nuclear power for the first time. All of these countries are looking for trusted partners who can help them reduce dependence on geopolitically exposed supply chains.
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Fortunately, once again, Canada has what the world wants. We have the best global deposits of natural uranium, including the world’s largest high-grade uranium deposits at MacArthur River. Last year, approximately 24% of global uranium production came from Saskatchewan. Not bad for a province that represents 0.015% of the world’s population. Well done. Our uranium production is also set to go up. Just this winter, the federal government approved the first new uranium mines in Saskatchewan in over a decade. One of these mines, the Rook One mine, could supply 20 per cent of global uranium demand, and it’s set to break ground this summer.
CANDU Monark reactor rendering. AktinsRealis image
Canada also has CANDU technology, which does not depend on foreign uranium enrichment supply chains. We have an experienced regulator that the world looks to for best practices. We have export financing tools that are second to none, and through the building of a deep geological repository, we have a plan to store used nuclear fuel with the best regarded safest solution in the world.
But to position Canada to thrive in this increasingly volatile energy insecure world, we need to act as Team Canada. That means the Government of Canada, provinces, territories, utilities, Indigenous peoples, other partners, labor, industry, researchers, and exporters. We all need to move in the same direction. It means presenting international partners with a complete Canadian offering, fuel, technology, financing, regulatory training, supply chains, operations, and refurbishment, isotopes, and waste management expertise. It means supporting our existing partners while pursuing new markets like Poland, where I was on behalf of Team Canada in February.
Ladies and gentlemen, we must remember that, unlike many of our other exports, reactor exports are not one-off transactions. They create customers that will buy Canadian for decades to come, building our strategic and economic autonomy with a network of trading partners that allows us to rely less on any one other trading partner. Our nuclear exports change the equation for a country looking for energy security, and significantly reduce the emissions produced by energy around the world. And these exports create high-value jobs here at home that allow Canadians to support their families and contribute to a quintessentially Canadian industry.
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The third pillar is expanding uranium production and nuclear fuel opportunities, while supporting world-class long-term waste management. Canada is the world’s second largest producer of uranium. We hold, as I said, the highest-grade uranium deposits on the planet, concentrated in Saskatchewan’s Athabasca Basin. It cannot be understated or overstated how strategic this is. In a world where energy security is national security, Canadian uranium is a source of stability for our own reactors and for our allies. Because our current can do fleet is fueled by natural uranium, Canada is the only country in the world that is fully self-sufficient in our own fuel supply, something other countries can only dream about.
In fact, operating at full capacity, Saskatchewan’s uranium producers could mine and mill enough uranium every year to meet 170 per cent of Canada’s total annual electricity demand with carbon-free nuclear energy. And as new technologies come online, including small modular reactors that require enriched fuel, Canada’s global relationships have allowed us to already begin to secure a fuel supply from partners we can count on.
Furthermore, in a world where Canada is looking to build the strongest economy in the G7 and double jobs in the Canadian nuclear industry from 90,000 today to 180,000 jobs in the coming decades, Canadian uranium can play a significant role. Today, over 2500 people in Saskatchewan work in the uranium sector, and 42 per cent of them are in the province’s north. They are not just jobs, they are good paying jobs. The average annual salary in Saskatchewan mining industry is 2.3 times higher than the average salary in Saskatchewan. These are good jobs.
As I’m sure Minister Harrison will speak about the role uranium plays in both his province and our global export strategy is massive. At home in the uranium sector, last year we saw nearly $400 million in capital investment. We saw $1.2 billion in value procured from suppliers across Canada, with 30 per cent of those supplies being indigenous-owned suppliers, being indigenous-owned businesses, and it generated nearly $500 million in tax revenue paid to federal, provincial, and municipal governments. Revenue that is used to pay for the social services and public infrastructure Canadians care about.
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At the same time we continue to lead responsibly on used nuclear fuel management. Public confidence matters, and that comes from comprehensive long-term stewardship of used nuclear fuel through the Nuclear Waste Management Organization, Canada’s system is grounded in science, transparency, independent regulation, and the principle that the waste generators are responsible for managing and funding their liabilities.
The progress made with the Township of Ignace and the Wapakun Lake Ojibwe Nation on the Deep Geological Repository is an example of long-term serious community-based engagement on one of the most important responsibilities in the nuclear sector. Thank you.
The fourth and final pillar is developing new Canadian nuclear innovation. Canada’s nuclear leadership has always been built on innovation, from uranium mining to CANDU technology to isotopes to new SMRs. Our new strategy requires the same ambition once again. Our government is prepared to do our part by supporting research and development, advanced construction, SMRs, micro reactors, fusion, tritium expertise, isotope production, and the future of our national research infrastructure.
The federal government has committed $2.2 billion over the next 10 years to renew the Chalk River Laboratories, Canada’s national nuclear lab. This investment makes sure Canada leads the 20-first century in CANDU technology, in nuclear safety, in security, in small modular reactors, in reactor fuel development and supporting utilities with reactor life extension and reliability capabilities.
We are also investing in the development of micro reactors that could one day provide clean dependable heat and power for remote northern defense and industrial applications, And, we’re advancing Canada’s role in fusion, building on decades of Canadian expertise in tritium handling and the fuel cycle.
That is how our energy, and that is how our strategy ensures that the next generation of nuclear jobs, companies, and innovative breakthroughs happen here, in Canada. Because if we don’t, they’re going to happen somewhere else.
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Our nuclear energy strategy is ambitious. It has to be, because the scale of the opportunity I hope you understand at this point, is immense. But it’s not an opportunity that should intimidate us, it’s an opportunity that should remind us who we are as Canadians. Canadians built one of the strongest, cleanest, and most affordable electricity systems in the world. Canadians built CANDU and a complementary nuclear supply chain that support these and other reactors and hundreds of companies across this country. Canadians built a workforce 90,000 strong to deliver some of the most complex energy projects on earth, on time and on budget, and Canadians will now build the next generation of nuclear energy to power our homes, to power our industries, to provide data centers and our economy through to 2050 and far beyond.
Ladies and gentlemen, our strategy is ambitious because our government knows we must keep bills affordable while reducing emissions, we must create high skilled, well paying careers. We must advance reconciliation through economic partnership. We must support our allies when they need us most. And most of all, we must strengthen Canadian sovereignty in a more dangerous world.
When we master energy, we master our destiny. Today, Canada is taking another step towards mastering that destiny. Through the National Electricity Strategy, we will double the grid. Through the Nuclear Energy Strategy, we will ensure the grid is reliable, it is clean, and it is sovereign, and we will bolster supply chains, access new markets, and diversify our trade.
This will be a Team Canada initiative. Provinces and territories, indigenous peoples, utilities, regulators, unions, and skilled trades, engineers, researchers, entrepreneurs, manufacturers, investors, exporters, and communities from coast to coast to coast to coast will all play their part. But that is exactly how Canada has always succeeded in the nuclear world, not through one company, not through one level of government, not through one project, rather, we succeed if we master two clear objectives: being an energy superpower and building Canada strong for all.
There is no time to waste. So, as C.D. House said more than 80 years ago, “Okay, let’s go.” Thank you very much. Merci beaucoup.
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