Friday, August 14, 2009 – Globe and Mail
ANNA MEHLER PAPERNY
Atomic Energy of Canada Ltd. can’t seem to get a break.
Its reactor leaks. Its projects are overdue. No one seems keen on its cutting-edge technology – at least not as much as they were a few years ago.
In May, shortly after Chalk River’s latest problems appeared, Ottawa put AECL’s future into the hands of N.M. Rothschild and Sons, which is to deliver a restructuring plan and financial advice this fall.
Can AECL be sold off wholesale? In pieces? The most pressing question, says Bryne Purchase, a professor of public policy at Queen’s University, is whether there will be anything the private sector will be interested in buying.
“Aside from the refurbishment business, which doesn’t seem to be going that well anyway, what could you possibly be privatizing? … There’s nothing to sell. There’s no business.”