The Green Party of Saskatchewan wants to know why the Wall Government is still subsidizing Cameco. The Canada Revenue Agency (CRA) recently reported that Cameco owes $850 million in back taxes. And just recently Canada and Kazakhstan signed an agreement to jointly invest $200 million to develop a uranium conversion facility capable of feeding 40 nuclear reactors in Kazakhstan.
If uranium is profitable, then Kazakhstan should be able to build a uranium conversion facility without Canadian tax dollars. Why are the hard earned dollars of Saskatchewan taxpayers being used to build an expensive uranium conversion facility in Kazakhstan? This is not right. Saskatchewan people do not pay taxes so that our governments can squander that money in risky foreign ventures. Cameco’s back taxes should remind all Saskatchewan people that the uranium industry would not exist without government subsidies. If we cut uranium subsidies, this industry will die a natural death. The Wall Government should sell its shares in Cameco and urge the federal government to stop using our tax dollars for risky foreign ventures.
Victor Lau - Leader of The Green Party of Saskatchewan