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Is La Caisse investment in UK nuclear plant an example for Canada?
['Matthew Mccully']
Sherbrooke Record
When it came time a year later to negotiate such a scheme with the provinces, Quebec said no, we’ll create our own plan, and – voilà!
Those concessions allowed Quebec to create its own pension plan and set up the CDPQ to administer it.
Sixty years later, even a big thinker like Parizeau could not have imagined what would become of the province’s nest egg.
We bring this up in the context of a CBC News story earlier this month under the headline: “Canada wants to build up to 10 new nuclear plants.
Hodgson said, given the cost of such a program, it would welcome (require) private investors – giving the example of what Quebec’s pension fund has done for a huge nuclear power plant now under construction on the Suffolk coast of England.