Thursday, April 24, 2008

More Delays Ahead for P&T Sale?

Pope & Talbot's sale of Mackenzie and Nanaimo pulp mills, and a Fort St. James sawmill to an Indonesian-based company are expected to be complete by end of the month, but there are issues to be resolved, according to the latest PricewaterhouseCoopers monitor's report of the company's bankruptcy.
The report, filed on Monday, notes there are several outstanding issues that may delay closings of one or more of the transactions beyond April 30.
....
There are similar issues around the sale of the Fort St. James sawmill, and the report notes that several meetings between the government, various First Nations and PT Pindo Deli have also been scheduled this week over that transaction.
---full text PG Citizen
MEANWHILE:
The unlogged trees dying from the pine beetle will be responsible for releasing 1 billion tonnes of CO2 into the atmosphere, more than Canada's entire transport sector.
Here's a short version of a CBC report from Opinion250.com
While the feet drag, the worse things get!

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