Mr. Speaker, I will point out that there is no conversation about SMRs that will be short-term spending. This is a long-term part of the energy mix as we go forward to establish a potential for a net-zero Canada.
Just to wrap up, Canadian Nuclear Laboratories is moving closer to its goal to help prove the commercial viability of SMRs. It wants to host a demonstration project at one of its sites in 2026. The most advanced among the applicants is the Global First Power joint venture that includes Ontario Power Generation. The project is now undergoing an environmental assessment.
If the member wants to talk about funding commitments, just last week our government announced that it has invested over $50 million in Moltex Energy Canada Incorporated to support production of emissions-free energy through its “WAste To Stable Salt” process, which recycles existing used nuclear fuel to produce non-emitting energy.
Canada is on the path of this global trend to ensure that SMRs play a key role in the energy mix of our future and that they will be compatible with the net-zero legislation that we put forward last year.