Canada plans to raise the amount of damages the country’s nuclear operators would be liable to pay in the event of an accident to C$1 billion ($980 million).
Natural Resource Minister Joe Oliver, speaking in Toronto today, said the government intends to introduce legislation that would raise the cap from its current level of C$75 million, according to the prepared text of his speech.
(Editors: Dan Kraut, Dan Reichl)
Copyright 2026 Bloomberg.
Was this article valuable?
Here are more articles you may enjoy.
Zurich Sees Data Center Boom Spurring Insurance Securitization
NAIC Says Data Taken in Hack Has Been Published Online
AI Is Reshaping Insurance: What Claims Pros and Lawyers Must Know Now
Americans Are Inundated With Scams. Why Do So Few Victims Report Them?