Thursday 28 February 2013

Conservative government attempts to reduce deficit with significant cuts to some organizations including AECL

Globe and Mail reports upcoming budget cuts for AECL: Conservative government attempts to reduce deficit with significant cuts to some organizations including AECL: http://www.theglobeandmail.com/news/politics/interactive-pensions-up-defence-down-where-ottawa-plans-to-spend-and-cut/article9060870/ "Atomic Energy of Canada Ltd.
Historically a drain on federal finances, spending on AECL has dropped significantly since it was sold in 2011 to SNC-Lavalin for $15-million. Ottawa still makes payments to AECL for operating and capital expenditures. Spending for 2013-14 is forecast at $211-million, down from $376.7-million in the 2012-13 main estimates and down from $719-million in total spending for 2011-12."
For those non-believers in AECL's funding cuts, see http://t.co/OpxhAu9tYR page I–10: 

 

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