Canada’s nuclear drive picks up speed [Reuters]
Canada’s nuclear drive picks up speed [Reuters] - Lemmy.world
> The Federal Budget 2023, announced in March, showed strong support for nuclear power. > The budget offers a 15% refundable Investment Tax Credit (ITC) for clean electricity including nuclear and a 30% ITC for clean technology manufacturing (including nuclear energy equipment, and processing or recycling nuclear fuels). > The budget also explicitly backs nuclear power through a range of other initiatives, such as an extension of reduced tax rates, financing from the Canada Infrastructure Bank, cash for the regulatory authority, and half a billion dollars in SMR project investment.