Brookfield’s Carney Says Net-Zero Doesn’t Work Without Nuclear

Mark Carney, the former central banker who now heads Brookfield Asset Management Inc.’s transition fund, said that moving to a net-zero economy will be impossible without wider adoption of nuclear power.

“There’s no transition that works without nuclear, full stop,” Carney said at the company’s investor day Thursday.

Toronto-based Brookfield bought nuclear power business Westinghouse Electric Co. in 2018 as part of the latter’s bankruptcy reorganization. Brookfield has been running a sales process for Westinghouse that’s generated “robust interest” from potential buyers, a company executive told investors in the summer.

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