OTTAWA, Feb. 9, 2012 /CNW/ - Canada's nuclear industry congratulates
Prime Minister Harper on the successful completion of negotiations
between Canada and China to formalize an agreement that will increase
exports of Canadian uranium.
"This is good news for Canada's nuclear industry," said Denise
Carpenter, President and CEO of the Canadian Nuclear Association.
"Canada produces 18% all global uranium, making us the second largest
producer in the world. Our uranium industry employs about 14,000 people
across Canada and is the leading employer of Aboriginal people in
The broadening of the Canada-China Nuclear Cooperation Agreement means
hundreds of new jobs and billions in new investments in Canada, and
greater security of nuclear fuel supply for China. The Canada-China
Memorandum of Understanding on Energy Cooperation strengthens bilateral
ties between the two countries and provides a framework for Canada to
engage China on nuclear energy policy, trade, investment, and research
In addition to large uranium deposits, Canada is also home to the
world's largest commercial uranium refining facility (Blind River,
Ontario) owned and operated by Cameco Corporation. The company's
planned increase in annual uranium production aligns well with China's
ambitious nuclear growth plan.
"This agreement between Canada and China will generate even more jobs
and revenue in Canada, and contribute to the use of clean energy in
China, which is the world's largest energy consumer," added Ms.
Carpenter. "We encourage the Government of Canada to finalize the
Protocol as quickly as possible to benefit Canada's economy and improve
access to markets for Canada's nuclear energy resources."
Canada's nuclear industry generates approximately $6.6 billion per year,
contributing $1.5 billion in tax revenue and $1.2 billion in export
revenues. The industry also supports over 70,000 direct and indirect
SOURCE CANADIAN NUCLEAR ASSOCIATION
For further information:
Director of Communications
Canadian Nuclear Association