moved for leave to introduce Bill C-249, an act to amend the Nuclear Liability Act.
Madam Speaker, under the Nuclear Liability Act a private nuclear facility is now required to carry $75 million in insurance to cover damage from facility breakdowns and other accidents. This bill would increase that amount to $500 million and could oblige the crown to pay damages above that level.
We must remember that the damages from the Three Mile Island nuclear breakdown a few years ago amounted to $3 billion and damages from Chernobyl amounted to $14 billion.
(Motions deemed adopted, bill read the first time and printed.)