BC rejects calls for Paper Excellence investigation as federal probe falters (Business in Vancouver)
The BC government has turned down a petition to investigate Canada’s largest forestry company at a time when a federal probe into the firm faces the prospect of total collapse. The company has rapidly expanded its footprint in recent years, buying up several Canadian public forestry companies—including Domtar and Resolute Forest Products—in multibillion-dollar deals that gave them control of more than 22 million hectares of forest ... ... Wijaya’s expanded control over the two companies could have serious financial repercussions. APP took a hit to its brand in 2007 when the Forest Stewardship Council (FSC) disassociated from the Asian conglomerate over concerns of deforestation. News of Wijaya’s pending control over APP prompted several environmental groups to call on the FSC to “immediately terminate” Domtar’s sustainability certificates in accordance with the group’s policy of association ... CLICK HERE for the full story