On March 24, 2009, the federal government introduced Bill C-20, the Nuclear Liability and Compensation Act, into Parliament for first reading. Bill C-20, if enacted, would repeal the existing Nuclear Liability Act, establishing in its place a liability regime applicable in the event of a nuclear incident that makes operators of nuclear installations absolutely and exclusively liable for damages up to a maximum of $650 million. This maximum is currently $75 million. Operators would be required to hold financial security for this potential liability.
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