Friday, October 13, 2023

Nuclear

Canada is leading the way in nuclear using government help and a private company called Candu Reactors. Nuclear reactors use 97% of supply chain materials from Canada. They provide high paying jobs for construction and operation. 90% of nuclear jobs are union jobs. Wind and solar have supply chains mostly in China where low skilled sometimes slave labor is used to make the materials. Canada realizes that the billions that will be spent to reduce carbon can be money spent and invested in Canada going nuclear or money sent to China going wind and solar. Once windmills and solar panels are installed there are very few jobs needed to maintain operations where as nuclear plants require long term high skilled labor. In the Biden Inflation Reduction Act there is a large tax credit for the first ten years of nuclear plant operations. This is just one more indication that nuclear is on the way.

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