The Forest Products Association of Canada (FPAC) congratulates the federal government for the “unprecedented success” of its $1 billion Pulp and Paper Green Transformation Fund (PPGTP) and it’s continued commitment to the ongoing transformation of the Canadian forest products sector.
A new FPAC report was released on this phase of the government’s ongoing strategic support for the industry. FPAC found that the program has funded 98 projects and supported 14,000 jobs.
“The investments from this program truly improved the environmental performance of Canada’s pulp and paper sector and had extraordinary social and economic benefits for forest communities as well,” said David Lindsay, president and CEO of FPAC.
The policy has been aimed at assisting pulp and paper mills that agreed to use targeted capital investments to support Canadian jobs and improve their green technologies and environmental performance.
FPAC described the policy as a response to a U.S. multibillion-dollar subsidy for pulp and paper mills under the black liquor tax credit that “unfairly hit Canadian mills already reeling from the global recession and a high Canadian dollar.”
David Lindsay stated “Canada got it right”. The program has helped drive environmental improvements and allowed the Canadian industry to leverage its strong green credentials in the international marketplace.
About The Forest Products Association
The Forest Products Association of Canada (FPAC), is a trade association which represents Canada’s wood, pulp, and paper producers both nationally and internationally in government, trade, and environmental affairs. The $57 billion (a year) forest products industry represents 2% of Canada’s GDP and is one of the country’s largest employer operating in communities across Canada and provides 230,000 direct jobs.
Fortress Paper is a member company of FPAC.