Data contained in a Parliamentary Budget Office report raises questions about the government’s sale of Atomic Energy of Canada Limited.
Data contained in a Parliamentary Budget Office report raises questions about the government’s sale of Atomic Energy of Canada Limited.
Atomic Energy of Canada Ltd. — the financially troubled Crown corporation whose commercial operations are being sold to SNC-Lavalin — received approximately $183 million in government payments in the first quarter alone, nearly double its $102 million voted budget for the entire 2011-12 fiscal year.
Approximately $114 million of that government funding was invested in the spun-off nuclear reactor division that was sold in the same quarter for only $15 million plus royalties to SNC-Lavalin, the Montreal-based engineering and construction giant.