As CKDR first told you Tuesday, help is on the way for the forest industry.
The Canadian Press says Ottawa is set to announce a $1-billion dollar package Wednesday.
They say the money will go to capital improvements that will allow pulp mills to improve their capacity to run on renewable energy.
The aid is in response to industry requests that the federal government counter the so-called “black liquor” subsidy to pulp
mills in the U-S.
The aid will be in the form of grants that can be accessed over a
three-year period by Canadian pulp and paper mills that make capital
improvements to reduce their dependence on traditional energy
sources.
Industry officials say the Canadian package will not contravene
the softwood lumber agreement or the North American Free Trade
Agreement.
Help on the Way for Forest Sector
Do you have a news tip?
Submit to ONNews@radioabl.ca.

