November 8, 2022 at 3:08 pm
Bruce Power officials were part of the Canadian delegation to the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27).
Bruce Power is part of the largest representation of the nuclear industry to date, which the company sees as a sign that the world is realizing there is no path to net zero without carbon-free nuclear power. The company added that it is now taking some actions to support Canada’s progress towards its climate goals.
Bruce Power brought Units 1-4 back into service in 2003-12, which provided the province with 70% of the carbon-free energy it needed to shut down its coal-fired power generation in 2014.
Bruce Power issued $500 million in green bonds last year to help fund qualifying investments related to Bruce Power’s life extension program. Bruce Power has also set a goal of achieving net-zero emissions from on-site operations by 2027. It plans to minimize or offset emissions from vehicles, machinery, buildings and equipment. The company outlined an action plan in its 2027 Net Zero strategy.
The COP27 meeting in Egypt on Sunday followed a report that the world was not on track to limit global warming to below 2 degrees Celsius this century.
“Ontario has a deeply decarbonized grid that is the envy of many jurisdictions around the world,” said Pat Dalzell, director of corporate affairs for Bruce Power, who represented the company at the meeting. “
Bruce Power attended the meeting as part of the Canadian Nuclear Association delegation. The delegation is working with the International Atomic Energy Agency (IAEA) to support its projects, panel discussions and exhibitions.
The Canadian delegation to COP27 included representatives from the federal government, including Natural Resources Canada, as well as Environment and Climate Change Canada.