Canada announces program to protect property values near South Bruce
Canada’s Nuclear Waste Management Organization (NWMO) said in a February news release that it has developed a program to protect the value of properties near the potential site in South Bruce, Ontario, for the country’s deep geological repository for used nuclear fuel. Along with Ignace in western Ontario, South Bruce is one of the two potential locations the NWMO has identified for hosting a deep geological repository.
According to the NWMO, the Property Value Protection program reflects a responsible commitment to the community and addresses questions the organization heard from residents about whether property values will be affected if South Bruce is selected for the repository. The program, which was developed in consultation with the community of South Bruce, will compensate residents if the sale of their properties is negatively affected by the project.
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