The International Energy Agency’s World Energy Outlook, projects global electricity demand to increase by about 49% from 2019 to 2040. At the same time, concerns about air pollution and climate change are driving demand for zero emission electricity sources. At Cameco, we’re poised to play a big role as the world transitions to carbon-free electricity.
"As the world begins its transition to decarbonize electricity, we have a huge role to play.
There will be no transition to nuclear power in many countries if we don’t provide the fuel for it.
The world is counting on us to do that…and that is what we plan to do."Tim Gitzel, Cameco's president and CEO
A strategy to achieve our vision
Our uranium and fuel services products are used around the world in the generation of safe, carbon-free, affordable, base-load nuclear energy. As we seek to energize a clean-air world, we will do so in a manner that reflects our values. We are committed to identifying and addressing the environmental, social and governance (ESG) risks and opportunities that we believe may have a significant impact on our ability to add long-term value.
We are a pure-play nuclear fuel supplier, focused on providing a clean source of energy, and taking advantage of the long-term growth we see coming in our industry. Our strategy is to focus on our tier-one assets and profitably produce at a pace aligned with market signals in order to preserve the value of those assets and increase long-term shareholder value, and to do that with an emphasis on safety, people and the environment.