Whereas the alliance is wide-ranging, Lee-Chin emphasised two areas of key collaboration: treating most cancers and addressing local weather change — pressing challenges dealing with humanity. This collaboration will permit Portland to supply MBM higher entry to key applied sciences and mental property in well being sciences in addition to nuclear and clear power.
Lee-Chin believes that, in combatting local weather change, fossil fuels have to be changed with nuclear energy. Nuclear is clear, scalable, carbon-free, and comes with excessive density power. As well as, it’s all the time on and by no means turns off. Lee-Chin believes Canada is effectively positioned to supply entry to groundbreaking developments in nuclear expertise: small modular reactors (SMRs).
On the groundbreaking for the world’s first SMR challenge in Chalk River, Ontario, this yr, Lee-Chin delivered remarks, stating that these reactors may very well be step one to assist averting a worldwide humanitarian disaster. Sooner or later, these reactors may very well be carried out in distant communities which might be at the moment depending on diesel gasoline, permitting for secure, dependable, self-supporting, zero-carbon electrical energy to energy industries and the inhabitants, built-in with exiting grids or working off-grid, throughout elements of the world that had beforehand relied on fossil fuels.
Canada’s technological management in SMRs by collaborative frameworks make a major distinction in reaching the UAE’s sustainability objective. Lee-Chin believes, although, that Canadian buyers ought to take the same view as his new Emirati associates.
Lee-Chin likens this chance to when he began his advisory apply within the Nineteen Eighties. He noticed Canada, then, in the beginning of a long-term wealth accumulation development. In 1983 he noticed a mutual fund trade managing $5.8 billion in Canada, now it manages $1.8 trillion and Lee-Chin has been on the bottom flooring of that “tsunami” of wealth accumulation as he calls it.
