Insolvent paper maker looking to avoid sale of assets.
Increases will now be about 17% over three years instead of the proposed 30%
The pine beetle epidemic has chewed through BC’s forest industry and thousands of jobs are in danger within five years, says a confidential government report.
Insolvent Catalyst Paper has reached cost-cutting labour agreements with unions representing more than 1,000 paper and pulp workers at three mills in BC.
BC’s “world-leading” carbon tax is being reviewed because the rest of North America hasn’t followed through on pledges to keep up, the province’s finance minister says.
Encana Corp. is selling a major stake in its BC gas assets to Mitsubishi Corp. for $2.9 billion.
At least one of the BC government’s three proposed liquefied natural gas plants in Kitimat is to be powered with greenhouse gas-emitting natural gas.
With the defeat of the harmonized sales tax, BC’s competitiveness will suffer a crushing blow, as the province experiences a rebirth of the provincial sales tax.