🇨🇦 Ottawa wants your pension to bankroll its nuclear fantasy

Up to 10 new reactors in 15 years, and the magic trick is obvious: privatize the upside, socialize the risk. Tim Hodgson points to Britain’s Sizewell C as the model, where Quebec’s La Caisse already threw in $3.2 billion for a 20 per cent stake, while British ratepayers get billed during construction through a levy. As reported, Hinkley Point C jumped from $34 billion to more than $64 billion, and Finland’s Olkiluoto 3 exploded from $5.1 billion to $17.8 billion. Yet Ottawa still expects pension funds to smile while taxpayers and hydro users absorb the fallout.

This is Trudeau-era governing after Trudeau: grand climate theatrics, imported policy models, and a quiet transfer of risk onto ordinary Canadians. Nuclear power itself is not the problem. The problem is a ruling class so addicted to green-state central planning that every mega-project becomes a public backstop for elite financial engineering. If Canada needs reliable baseload power, build it for Canadians, not as another de-risked playground for pension managers and bureaucrats cosplaying industrial strategy.

🍁 Maple Chronicles