Atomic energy: Is It a lose - lose situation for Canadian taxpayers?

From the Frontier Centre for Public Policy

The Frontier Centre for Public Policy has just released Radioactive In So Many Ways: A Valuation of Atomic Energy of Canada Limited by Ian Madsen, a senior policy analyst with the Centre.

This study evaluates the outcomes of privatizing Atomic Energy of Canada Limited (AECL) using an intrinsic and market-based valuation system.

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AECL is a federal Crown corporation that develops nuclear technology and distributes nuclear isotopes to the medical industry.

Although quite successful scientifically in the world of nuclear technology, the corporation is quite troubled financially. The question of privatizing the corporation must be raised, however unmotivated the federal government may be to do so.

Regardless of the valuation system used, it is a difficult task to determine AECL’s true value as the corporation’s legacy losses and extensive liabilities from decommissioning and remediation devalue the corporation tremendously.

If AECL were divested, the proceeds should go to lowering the corporation’s debt, and relieve Canadian taxpayers of this burden.

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