This FinPost article is very thin. Not exactly providing adequate information for their target financial market readers.
I appreciate the OP’s effort to bring a diversity of news sources here, but this isn’t a particularly useful article other than to flag the announcement.
The Ontario government news release itself has more contextual information despite being written to promote the decision to consider an expansion.
The CBC story weighs some of the risks and concerns.
4,800 megawatts? If that sneaks in under $40B, I'd be surprised. They might get electrons flowing by 2040 if they start the public hearings immediately and expedite the process. More likely, they're looking at closer to 2050. So many qualified people have left the industry due to age, or lack of prospects, that I'm not even sure if it can be built at this stage.
They should get serious and remove the offshore wind moratorium and get busy erecting generation on the lakes. At least that way they'd have some power coming on stream within 3-5 years.
Hopefully this can start a trend. Nuclear is much cleaner than fossil fuels could ever hope to be, and it puts less radioactivity into the atmosphere than coal.
Also we have literal shit tons of raw ore, and if they use reactors that use recycled fuel rods the waste issue becomes easy to manage.
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