Conservative candidate Kevin O'Leary said he wants to triple size of Canadian nuclear industry during Durham speech

News Article

Conservative leadership candidate Kevin O'Leary said he wants to triple the size of Canada's nuclear industry during a speech to members of the Greater Oshawa Chamber of Commerce.

By Oshawa This Week
Wednesday, April 12, 2017

AJAX — Conservative leadership candidate Kevin O'Leary said he wants to triple the size of Canada's nuclear industry during a speech to members of the Greater Oshawa Chamber of Commerce.

O'Leary was the keynote speaker at the organization's annual general meeting on April 6, held at the Ajax Convention Centre.

The statement came in response to a question from Ron Oberth, president and CEO of the Organization of Canadian Nuclear Industries. The organization represents 200 suppliers and contractors to the nuclear industry including suppliers to Ontario Power Generation.

Oberth asked O'Leary what his opinion was of Canada's nuclear industry.

"A hundred per cent support it, I will triple its size, no question," said O'Leary. "This is the cheapest, safest form of energy."

Following the meeting, Oberth called O'Leary's comment "a surprisingly positive one."

"For a candidate to be as bold as to say 'I want to triple the size of the industry,' that's a wonderful response," he said.

While the federal government transferred CANDU Energy to the private sector to SNC-Lavalin in 2011, Oberth said the feds still have a large role to play.

"Nuclear sales around the world, especially of large billion-dollar reactor sales, require government and political support," said Oberth. "So whereas SNC-Lavalin now has the mandate to do that, a leader who builds political relationships with foreign leaders, particularly with countries that are expanding their nuclear program, has an important role to play."

He added that nuclear sales also require export credit financing.

"Our Canadian government is good, but I don't think I've heard anyone in government say triple, so he was more aggressive in what he would do," said Oberth. "He didn't specifically say how he would do it, but anybody who says I want to triple the size of the industry is what we want to hear."

In his speech, O'Leary focused his message on criticizing Liberal Prime Minister Justin Trudeau and Ontario premier Kathleen Wynne, and reiterated that he believes he can grow the economy at a rate of three per cent per year.

Following the talk, O'Leary discussed the importance of winning business leaders.

"It's paramount, my message is all economic. If I don't win this constituency, I have no chance of winning. This is the key, this is my core."

When speaking to businesses, O'Leary said there are two key issues that are consistently raised: taxes and energy costs.

"Even if you're a restaurant owner, you're looking at your hydro bill saying, 'I can't afford this'," said O'Leary.

The Conservatives will hold their leadership vote on May 27.

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News Release

June 15, 2017 – Ottawa

The Canadian Nuclear Safety Commission (CNSC) announced today its decision to renew New Brunswick Power Corporation’s (NB Power) Nuclear Power Reactor Operating Licence for the Point Lepreau Nuclear Generating Station (PLNGS), located on the Lepreau Peninsula, NB. This decision was made following a two-part public hearing held on January 26, 2017 in Ottawa, ON and on May 9–11, 2017 in Saint John, NB. The licence will be valid from July 1, 2017 until June 30, 2022.

In making its decision, the Commission considered submissions from NB Power and 94 intervenors, as well as CNSC staff’s recommendations.

CNSC staff will report annually on the performance of the PLNGS at a public Commission meeting where members of the public will have the opportunity to intervene.

The Summary Record of Decision is available in both official languages on the CNSC website at or by contacting the CNSC Secretariat. A detailed Record of Decision will be published on the CNSC website at a later date. Hearing transcripts can be obtained on the CNSC website or by contacting the CNSC. The hearing webcast is available on the same site for 90 days.

The Canadian Nuclear Safety Commission regulates the use of nuclear energy and materials to protect health, safety, security and the environment; to implement Canada’s international commitments on the peaceful use of nuclear energy; and to disseminate objective scientific, technical and regulatory information to the public.


Quick Facts

  • NB Power owns and is licensed to operate the Point Lepreau Nuclear Generating Station

  • NB Power also operates a nuclear waste management facility at the station

  • The CNSC has full-time staff onsite who perform inspections to evaluate operations and to verify compliance with regulatory requirements and licence conditions

Associated Links


Aurèle Gervais
Media Relations
Canadian Nuclear Safety Commission
Tel: 613-996-6860 or 1-800-668-5284


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