Canadian Government Takes Action to Ensure Paper Excellence Respects Laws and Regulations

Image Source: PA Files

Industry News
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The Canadian federal government is taking action to ensure that the country's largest pulp producer, Paper Excellence, adheres to federal and provincial laws and regulations.

In a statement to the media, federal Natural Resources Minister Jonathan Wilkinson promised to hold Paper Excellence and other companies accountable. The move comes after an investigation by CBC News and other media outlets, which found that the company has a complex corporate structure that effectively shields transactions and assets from public and government scrutiny.

The government's decision to allow Paper Excellence's acquisition of Resolute is now being questioned by critics, who are calling for more transparency about the investment.

The matter is expected to be debated at the House of Commons natural resources committee meeting on March 31.

Read the full story on CBC News


Legal Notice: Paper Advance is not responsible for the accuracy or availability of content on external websites.