POLICY & FINANCE | GREEN RIBBON PANEL REPORT
Above: Canada’s federal government has come out strong on behalf of nuclear Photo credit: Lids123/
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Indigenous communities and businesses invest and gain an equity stake in the industry’s growth market, critical to social licence.
Sure and steady Scongack says it’s also really helpful that government and industry are now largely on the same page when it comes to nuclear power generation. He is quick to recognise the Panel is just one voice in a choir that has been working to make that happen. Industry is a bit like the dog that’s caught the car, he says. Now everyone needs to shift from visioning to executing. In part, this means ensuring “no regret actions” for investors, through certainty on project costs and recovery mechanisms, something all parties have a role in. For industry, it means consistent delivery of projects, on-time and on-budget, something Scongack points out Ontario’s nuclear operators have proven they are capable of “time and time again.”
For government, delivering regulatory certainty and efficiency will be critical, Scongack says. The federal government recently set a target for three-year maximum nuclear project reviews to better streamline and reduce duplication with additional measures for various aspects of the process. Scongack says the next step is instilling the culture
to deliver on that, within regulatory agencies and in government to expedite these projects. “You can have the most efficient process in the world but the way that process is executed and implemented is a cultural focus.” These pieces together create the climate for investment that will be necessary to achieve required scale, he says, adding, these are not big innovations, rather incremental changes that cumulatively make a substantial difference. “Nobody likes to talk about incremental actions, but it
is the composition and specificity of those incremental actions that are going to create success.” Sure and steady. ■
Above: Darlington Nuclear Generating Station is a four-unit Candu facility responsible for generating over 20% of Ontario’s electricity
36 | June 2024 |
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