When it's the nuclear industry, silly:
Canadian taxpayers must continue to finance AECL's commercial business even if the government moves forward with its plan to privatize the nuclear Crown corporation, a report from the C.D. Howe Institute says.Lemon socialism at its finest -- privatize the rewards, socialize the risks. Kind of funny to see the CD Howe Institute come out in favour of further subsidies. Aren't they usually pro-market?
Ottawa would be expected to cover the monetary risk of regulatory delays, both in the certification of AECL's new Accelerated Candu Reactor (ACR) and in environment reviews required for the siting of plants in Canada, says the report released by the business-backed think tank.
At the same time, the government will have to underwrite the research and development costs of reactor design if AECL is to compete with international rivals, whose governments provide significant support for their nuclear companies.