2011 Holiday Gift Ideas

Thursday, June 18, 2009

Forestry sector welcomes $1-billion green energy aid package

‘Laying the groundwork for a greener, more secure future for the pulp and paper sector,’ says federal minister

By Gordon Hamilton, Vancouver Sun


Federal Natural Resources Minister Lisa Raitt made the announcement Wednesday of a $1-billion aid package to Canada’s pulp and paper industry.
Photograph by: Chris Wattie, Reuters files


Ottawa announced a $1-billion green energy aid package today for Canadian pulp and paper producers to counter a $7-billion subsidy program in the United States.

“By making a smart investment today, we are laying the groundwork for a greener, more secure future for the pulp and paper sector and the people who work in it,” Natural Resources Minister Lisa Raitt said in making the announcement in Ottawa.


The $1-billion program is set up to aid companies that invest in energy efficiency and environmental performance.


Called the green transition program, it will provide a grant of 16 cents a litre on black liquor used by the industry up to a maximum program total of $1 billion.
Black liquor is a liquid byproduct of the chemical pulping process used to generate renewable heat and power.

The program is roughly equivalent to the aid being supplied by Washington to U.S. pulp producers, who are receiving a 50-cent US-a-gallon rebate on black liquor.


More info:

No comments:

Post a Comment