CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CME is onboard with extension of Pickering nuclear reactor

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Ontario’s manufacturers support the announcement by the Ontario government to continue operating the Pickering Nuclear Generating Station, the Canadian Manufacturers & Exporters (CME) says.

“Nuclear energy provides a safe, stable baseline which Ontarians can rely upon, especially as the province positions itself as a leader in the production of electric vehicles, green steel, and critical minerals,” CME says in a release. “Importantly, for Ontario manufacturers, refurbishments generate significant economic benefits, such as good jobs, for small and medium manufacturing firms, which are part of the local nuclear supply chain. However, the refurbishment must be balanced by a strategy to lower electricity rates, which are again on the rise.”

Estimates are the refurbishment could create more than 1,000 manufacturing jobs during the construction phase of the project.

“We cannot afford nuclear refurbishment to allow Global Adjustment charges to balloon again. Neighbouring jurisdictions, including Michigan and Quebec, have established low industrial rates to attract investment,” said Dennis Darby, President and CEO of CME. ”As the provincial government considers an Advanced Manufacturing Strategy, Ontario must take action to remain competitive.”

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