Brookfield Renewable Partners will take a 51 per cent stake in Pittsburgh-based Westinghouse Electric Company, while Saskatoon-based Cameco will assume the remaining 49 per cent. Westinghouse, whose corporate roots reach back 135 years, provides services like engineering and automation to nuclear plant operators. (The Logic)

Talking point: Nuclear power, which has long faced resistance due to safety concerns, has regained favour since Russia’s invasion of Ukraine forced European nations to pivot away from Russian gas and scramble for low-emission sources of energy. Brookfield, which oversees $750 billion in assets, is undergoing a restructuring in which Mark Carney, a staunch supporter of increased renewable and zero-emissions investments, will lead its new asset-management unit. Last month, Brookfield published a study touting nuclear power as a tool to “promote energy security and energy independence,” saying there was “no credible net-zero scenario in which nuclear does not grow its capacity from today.”