Thursday, 29 September 2011

Is aecl sale "The dumbest in history"?

Is aecl sale "The dumbest in history"? NDP MP Nathan Cullen thinks so, Read more: 'The government, as part of its decision to privatize the Candu division of AECL, is facing a $59 million restructuring charge and "$93 million in adjustments to revenue and costs resulting from AECL's subcontract agreement with Candu Energy Inc.," the newly created subsidiary company of SNC-Lavalin.
Federal spending on the sold nuclear reactor division includes cash to "further commercial operations' progress on life extension reactor projects" that will be factored into future royalties paid back to the government.
Under the terms of the sale of the commercial division, the government and AECL must provide up to $75 million in support toward the completion of the Enhanced Candu Reactor development program.
The sale - which was announced in June and is to close by Friday - likely will also see more than 800 people lose their jobs. SNC-Lavalin has committed to hiring about 1,200 of AECL's commercial operations staff, which totals about 2,025." AT least with the sale behind us finally, the focus could now be put back to research in nuclear science and technology and what Canada needs to be able to continue with that, i.e. a new research reactor...

No comments:

Post a Comment