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Canada Backs $504 Million Loan for Indigenous Nuclear Stake (opens original article in a new tab)

TL;DR

Canada is backing a C$715 million loan guarantee for Indigenous groups to invest in a nuclear project near Toronto, with funding from both federal and provincial governments.

  • Canada will provide a C$715 million loan guarantee to seven First Nations for a stake in the Darlington New Nuclear Project
  • The loan is split between federal and Ontario government funding, with half from each source
  • The project includes four reactors with 1,200 megawatts capacity and is part of Canada's nuclear strategy

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