Canada’s Nuclear Bet and the Pension Fund Risk | Winnipeg News
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Canada’s Nuclear Bet and the Pension Fund Risk | Winnipeg News
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Canada’s eyeing ten new nuclear reactors to power its future—but the price tag is astronomical, and the government’s turning to private investors like Quebec’s La Caisse to help pay for it. Inspired by the U.K.’s Sizewell C project, which could cost over $72 billion and has private investors covering more than half, the plan hinges on risky bets: nuclear projects are notorious for ballooning budgets and delays, like Hinkley Point C and Olkiluoto 3. To lure pension funds, governments are offering sweeteners like the “regulated asset base” model, where investors get paid back during construction and are shielded from cost overruns—often at the expense of taxpayers or consumers. While proponents tout job creation and long-term energy security, critics warn this could saddle the public with higher electricity bills. The gamble? Big returns, big risks, and a race to see who ends up footing the bill.
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