The sale of Brooklyn Power Corp. in the Region of Queens Municipality will ensure an important player in Nova Scotia’s forestry industry keeps operating and that jobs are protected.
The province announced on July 25 that the sale between ReNova Scotia Bioenergy Inc. and Emera Energy Inc. is complete. This plan was announced in December following the province’s decision to purchase Bowater Mersey Paper Company Ltd. from Resolute Forest Products Inc. and change the name to ReNova Scotia Bioenergy Inc.
“We have followed through on the premier’s commitment to keep Brooklyn Power open, knowing this was good for the region, the employees, and Nova Scotia’s forestry industry,” said Graham Steele, Economic and Rural Development and Tourism minister. “In addition, the pension plan for the former Bowater workers is now more secure because of this sale.”