AECL funding to hit $1.2B

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by Terry Myers

It’s official – Atomic Energy of Canada Ltd will receive almost $1.2 billion in federal funding this year, to support both decommissioning and development at the Chalk River Laboratories.

The figures are contained in the federal government’s main spending estimates published last Thursday.

Total funding for AECL will be $1.197 billion for the fiscal year 2019-20, which began April 1.

The funding is broken down into two components: $736.6 million for “nuclear decommissioning and radioactive waste management” and $460.6 million for “nuclear laboratories.”

The money allocated to the laboratories includes $260.6 million in operating funding and $200 million for capital projects.

“The mandate of Atomic Energy Canada Limited (AECL) is to enable nuclear science and technology and manage the government of Canada’s radioactive waste and decommissioning responsibilities,” the estimates document says.

This is the fourth year in a row that funding for AECL, CNL and Chalk River has reached unprecedented levels.

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