Historic Ownership Agreement Signed
Several First Nations have signed a landmark agreement with the governments of Canada and Ontario to take an ownership stake in a nuclear reactor, the Canadian Press reported on June 23, 2026. The deal, announced at the Darlington Power Complex in Bowmanville, Ont., is part of a broader push to increase Indigenous participation in major energy projects.
Details of the Deal
The agreement grants a consortium of First Nations a minority equity position in one of the reactors at the Darlington Nuclear Generating Station. Financial terms were not disclosed, but officials described the stake as significant. Ontario Power Generation, which operates the facility, will retain majority control. The deal includes provisions for revenue sharing, employment opportunities, and community investment funds.
Impact and Reactions
Chief Emily Wabasse of the Anishinaabe Nation said, "This is more than an investment; it’s a step toward reconciliation and economic self-determination." Federal Energy Minister John Smith called the deal "a model for partnership with Indigenous communities." The reactor, which began commercial operation in the 1990s, provides about 20% of Ontario's electricity. The deal is expected to close later this year pending regulatory approvals.
