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Ontario’s $billions-in-subsidies plan for battery plants and nuclear reactors relies on foreign tech, risking long-term economic control.
Ontario’s economic strategy, centered on major projects like a battery plant and four small modular reactors funded by billions in subsidies, faces criticism for relying on foreign firms and short-term job creation rather than building export-driven, sustainable manufacturing.
Key technologies, including nuclear reactors, are owned by U.S.-based GE Vernova Hitachi, leaving Ontario as a customer rather than an innovator.
Experts warn this approach undermines long-term economic security by limiting control over intellectual property and national industrial strategy, urging a shift toward producing goods for self-sufficiency and global markets.
El plan de miles de millones de dólares en subsidios de Ontario para plantas de baterías y reactores nucleares depende de tecnología extranjera, arriesgando el control económico a largo plazo.