Catastrophic Mistake? Or Export Gold Mine?

http://www.theglobeandmail.com/news/world/pressure-mounts-on-harper-to-ease-nuclear-logjam-with-india/article4509067/

Uranium has the potential to be both a efficient energy source and a powerful weapon. Canada has the potential to to bring in billions of dollars from the uranium industry; all it needs to do is find the right buyers. Due to safety concerns, this can often seem like an unnecessarily slow process. But when it comes to dealing with countries like India, who have created nuclear weapons of mass destruction in the past, I can’t blame the Canadian government for their extra scrutiny when it comes to trade. This extra attention, however, is not to the liking of the Indian government. Ideally, Canada would like an update once a year on where their exported uranium is and how it is being used within the country. India, however, feels that this is too overbearing of the Canadian government, because India already reports to the International Atomic Energy Agency. From a western viewpoint, I see why Canada is being so firm on its safety protocols; if a foreign country were to weaponize Canadian uranium, Canada would be to blame for directly supplying nuclear terrorists.

On the other hand, I think it would be a waste if these trade proposals were fruitless. India has plans to greatly expand their nuclear sector in the next 20 years; they plan to build 40 new reactors. This is a great economic opportunity for Canada, as it would create a large, sustainable market for Canadian uranium companies looking to expand into India, such as Candu Energy and Cameco Corp. While the Canadian government should be careful, I think they should try to form some sort of compromise with the Indian government. That way, India can get the uranium they need, and Canada can enjoy the new business.

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