Nova Scotia government opposes Northern Pulp bailout deal

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The province is opposing a deal that Northern Pulp claims would allow it to continue paying severance to its laid off employees, its share of the cost of Boat Harbour’s shutdown and cleanup, safely idle its kraft pulp mill and work toward an environmental approval for a new effluent treatment plant.

The deal is in the form of $50 million in interim financing being offered by Northern Pulp’s parent companies, Paper Excellence Canada and Pacific Harbor North American Resources Ltd.

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Source: The Telegram

 

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