The Government of New Brunswick has committed $30 million to develop two small modular nuclear reactor (SMR) projects on the Bay of Fundy next to the Point Lepreau reactor. The federal government contributed $56 million more in public funds to this scheme. These investments are unlikely to succeed and will delay climate action. Both SMR designs are based on technologies with a known record of problems and commercial failures. More generally, SMRs are a bad strategy for tackling climate change: high cost and not ready. We have elaborated on the problems with SMRs in a longer briefing paper for Minister Mike Holland, which is available on the University of New Brunswick RAVEN project website.
NB Media Co-op 4th April 2021 read more »