CIBC brought together government officials and industry leaders Thursday for its first Nuclear Summit, focusing on the role nuclear power could play in Canada’s energy future.
The event in Toronto featured discussions on advancements in reactor technology, nuclear fuel supply chains, project financing and Canada’s position in the global nuclear industry.
Among the speakers were federal Energy and Natural Resources Minister Tim Hodgson, Ontario Energy and Mines Minister Stephen Lecce and Alberta Affordability and Utilities Minister Nathan Neudorf.
CIBC president and chief executive officer Harry Culham said Canada has strong advantages in the nuclear sector, including uranium production and expertise in nuclear technology.
“Nuclear energy is one of Canada’s clear strategic advantages,” Culham said in a statement.
“Canada is the second largest producer and exporter of uranium in the world. We are leaders in refurbishing existing nuclear infrastructure, and at the forefront of developing small modular reactors for the future.”
Sessions at the summit explored topics including nuclear reactor technologies, engineering and environmental planning, fuel supply chains and investment strategies.
Discussions also examined the role nuclear energy could play in helping Canada meet its clean energy goals while maintaining reliable power supplies.
CIBC said it plans to continue working with industry partners and governments to support development in the nuclear sector and help finance projects tied to Canada’s energy transition.
The bank says it serves about 15 million clients across personal banking, commercial banking, wealth management and capital markets in Canada, the United States and internationally.