ESG & Investing
Nuclear Debt Passes Investor Test in Canada With Green Deals
- Sovereign and Ontario wrap up first sales through new program
- Green bonds now allow financing to support nuclear power
An employee walks past a steam condenser at a nuclear power generating station in Bowmanville, Ontario.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Canada’s new programs for green bonds that allow financing of nuclear projects have passed an early test of investor willingness to support the power source.
The sovereign and the province of Ontario sold a combined C$5.5 billion ($4.1 billion) of securities this week, the first two issues through amended frameworks for green debt that now allow the government and province to raise money to support nuclear power. Ontario-based Bruce Power, which wants to build the world’s largest nuclear power plant, said Thursday all its future bonds will be green.