Howard Hampton questions Ontario's $25 million loan to Terrace Bay Pulp
Nov 24, 2009 | In Financial News | 7 feedbacks »
Howard Hampton, MPP of Kenora, had serious questions for Forestry Minister Michael Gravelle regarding the provincial government's $25 million loan to Terrace Bay Pulp.
Hampton wanted to know what the government would be doing for the other idled forestry operations in the region. Hampton added that thousands of laid-off sawmill workers can’t pay their bills.
Gravelle fired back during the question period exchange saying that it takes only one mill to start a chain reaction, and that the Terrace Bay mill is one of the biggest assets to the industry.
The public seems skeptical that the Terrace Bay Pulp mill will be operating soon. A recent poll on tbnewswatch.com resulted in 65% of participants selecting 'no' when asked a $25-million provincial loan will allow the Terrace Bay Pulp mill to reopen within 3 months.
Sources:
Hampton concerned with $25M loan
Poll for Monday, November 23, 2009
7 comments
Maybe AbitibiBowater should invite a Liberal MPP to the mill for a photo op and get to know each other.Talk over business and see if the Liberal Party would mind a tax free contribution or two.
No harm in that,all above board.Completely innocent.
At one time, Buchanan Forest Products owed the provincial government $40 million in unpaid stumpage.
Quote:
"For the longest time, people were not aware of what we have done for the sawmill," Bill Mauro, Member of Provincial Parliament for Thunder Bay – Atikokan said. "We differed their stumpage costs to help them stay viable. Their industry has no market so we have been deferring for sometime so they can have cash and maintain operations."
http://foresttalk.com/index.php/2009/02/20/buchanan-forest-products-is-behind-in-st
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