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A new agreement allowing Saudi Arabia access to U.S. nuclear technology means the Pennsylvania-based atomic power company might be able to sell its wares to the kingdom. Westinghouse is jointly owned by Saskatchewan uranium miner Cameco and Brookfield, whose parent company is based in Toronto. (The Logic)
Talking point: The agreement requires congressional review and U.S. President Donald Trump added a rider that Saudi Arabia must normalize relations with Israel if it’s to be finalized. Saudi Arabia has no nuclear energy now but has had on-and-off plans to use reactors and renewables to lessen its own fossil-fuel use. Brookfield and Cameco rescued Westinghouse from bankruptcy in 2022 and Westinghouse is playing up its Canadian connections and supply chains as it pursues Canadian projects. The firm hopes the Saudi deal will mean opportunities for American industry and workers, CEO Dan Sumner told CBS News. The firm has formed deep links with the U.S. government under Trump.
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