Canada’s Nuclear Industry Welcomes Modernized Regulatory System and Innovation Investments

OTTAWA (March 29, 2012) – The Canadian Nuclear Association (CNA) today welcomed the Government of Canada’s Economic Action Plan 2012, “Jobs, Growth, and Long-Term Prosperity,” and key measures to create a modern regulatory system that will also contribute to improved environmental performance for Canada’s energy and mining projects.

“Regulatory modernization is a priority for our industry as it provides a competitive advantage for Canada,” said Denise Carpenter, President and CEO. “We are optimistic these proposed changes will increase efficiency and effectiveness of the regulatory process, and we look forward to working with the federal government to implement changes swiftly to enhance job creation and economic growth in Canada.”

The CNA serves approximately 100 member companies, representing 70,000 people employed in the production and advancement of nuclear medicine, uranium mining and exploration, fuel processing, and electricity generation.

“Our members support a regulatory process that establishes clear timelines, reduces duplication and burdens, and focuses resources on large projects where potential environmental impacts are the greatest,” added Carpenter, “We appreciate the focus on what matters to the environment.”

The CNA also applauded Innovation investments contained in Economic Action Plan 2012, such as the implementation of a Jenkins Panel recommendation to refocus the National Research Council (NRC) to improve its responsiveness to Canada’s business sector.

“Canada’s home-grown nuclear technologies connect the energy, medicine, manufacturing, advanced materials, and academic sectors with many other value-added industries, and the NRC is an important part of that innovation system,” said Carpenter. “Our industry believes there is great value to having strong public support for S&T that is responsive to the needs of industry.”

The Canadian nuclear industry provides a broad spectrum of products and services that benefit Canadians, generating approximately $6.6 billion per year and contributing $1.5 billion in tax revenue and $1.2 billion in export revenues.

-30-

For more information:

Erin Polka
Communications Officer
613-237-4262 ext. 101