Cyberwanderer’s Blog

December 17, 2009

Selling CANDU – Stupid or Corruption

Filed under: Canada,Politics,Technology — cyberwanderer @ 1:54 pm
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Government announcement that the most profitable section of AECL will be sold to private firm is deja vu all over again. They are either stupid or corrupt in helping the private firm. This is like the Mulroney medical isotope fiasco all over again. Mulroney gave a lopsided contract award to MDS Nordion to profit from medical isotope produced by AECL. AECL aside from having to provide the capital and produce the isotope end up gaining nothing which lead to the current medical isotope crisis. Now the only profitable section of AECL will be sold off again to a private firm at a time of nuclear renaissance where China have been in talk with AECL to work on CANDU that uses Thorium, something China have more of than Uranium. But guess where the profit from China’s tens of new reactor will go to once CANDU have been privatized. To the lucky private firm Harper decide to award the sale to of course.

Are they really this short sighted and stupid or simply corrupt? One excuse being used was it will save the taxpayer money. That’s full of stinky S__T! The isotope and research division of AECL still have to be shouldered by taxpayer. But now the profitable division is taken away which means they’ll be solely relying on taxpayers money now with no possible source of income.

Thanks Harper for giving CANDU to a private firm. Worse than Mulroney who gave medical isotope profit to MDS Nordion and the privatization of Petro Canada. As the nuclear power sale is set to skyrocket and enormous profit to be made due to pressure on government worldwide to cut pollutant and greenhouse emission. We then rush to sale a promising technology to a private firm. China already have CANDU (built on time and on budget) and with their joint research with AECL, it won’t be surprising if they chose CANDU for the bulk of their new Nuclear plant. I find it hard to believe that Harper can’t see something that is already at work. China have signed agreement with AECL. Are they really stupid or just corrupt?

May 28, 2009

Harper Selling AECL To Foreign Company?

Filed under: Canada,Politics — cyberwanderer @ 7:05 pm
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Came across an interesting news today that the about to be profitable part of AECL will be sold to private firm. French company Areva being a top contender. Coincidentally I just wrote a blog criticizing May for virtually lobbying for Areva and Mulroney’s selling out the profitable medical isotopes business of AECL to private firm which is a major factor for the isotope crisis right now.  What is it with government tendency to sell off an about to be profitable part of government’s business. Petro Canada, Medical Isotopes, and now with Ontario awarding building of nuclear plant to AECL, then Harper will just give away those profit to a foreign firm? The first two (Petro and Isotope) are courtesy of Mulroney.

BTW, the rush to privatize would mean government is expected to lose money since the property value is down right now. The government would allow the foreign firm who buy AECL to dump the Canadian designed nuclear plant currently used in Canada and around the world.

There’s speculation that Flaherty is doing what he did in Ontario. Selling out government asset for short term benefit of covering the deficit.  But Harper have been planning the sell long before the recession. So I don’t think it’s simply selling for the deficit.

The cynical part of me can’t help but think there’s a Schreiber type lobbyist handing out cash to government officials to encourage this sell out.

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