November 8, 2022 3:08pm
Officials from Bruce Power are part of the Canadian delegation at the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change ( COP27 ).
Bruce Power is part of the largest representation from the nuclear industry to date, something the company believes is a sign the world is realizing there is no path to Net Zero without carbon-free nuclear power. The company added it is taking a number of actions now to support Canada’s progress in meeting its climate targets.
Bruce Power returned Units 1-4 to service from 2003-12, and that gave the province 70 per cent of the carbon-free energy it needed to shut down coal-fired power generation in 2014.
Bruce Power issued $500-million in Green Bonds last year to help finance eligible investments associated with Bruce Power’s Life-Extension Program. Bruce Power has also set a target of achieving Net Zero emissions from site operations by 2027. It has plans to minimize or offset emissions from vehicles, machinery, buildings and equipment. The company has outlined an action plan in their 2027 Net Zero Strategy.
The COP27 conference got underway in in Egypt on Sunday, on the heels of a report that said the world is not on track to limit global warming to below 2 C this century.
“Ontario has a deeply decarbonized electricity grid, which is the envy of many jurisdictions around the world,” said Pat Dalzell, Bruce Power’s Head of Corporate Affairs, who is representing the company at the conference. “
Bruce Power is at the conference as part of the Canadian Nuclear Association delegation. The delegation is partnering with the International Atomic Energy Agency (IAEA), lending support for its programs, panels, and exhibitions.
The Canadian delegation to COP27 includes representatives from the federal government, including Natural Resources Canada, as well as the Ministries of Environment and Climate Change Canada.
