Canada Budget Commits C$518 Million To Ambitious Nuclear Energy Strategy

Prime minister Mark Carney wants to make country a clean energy superpower by supporting reactor rollout

Canada Budget Commits C$518 Million To Ambitious Nuclear Energy Strategy
OPG has begun construction of the first unit of the Darlington BWRX-300 SMR project. Courtesy OPG.

Canada’s 2026 federal budget commits more than C$518.5m (€329m, $536m) to the country’s nuclear energy strategy as the government aims to make the technology the cornerstone of its clean electricity plans.

The nuclear energy push, which builds on the government’s nuclear energy strategy released in June, is part of C$8bn in capital spending on “electricity-related” projects over the next five years, according to the budget, tabled on 5 November.

Investing C$518.5m in the nuclear strategy will strengthen domestic supply chains and Canada’s position as a global energy superpower, a government statement said.

“The countries with abundant electricity will be the leaders of the 21st century,” said finance minister François-Philippe Champagne in prepared remarks shared with the media.

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