Northern Pulp gets creditor protection after province offered to defer loan payments

June 22, 2020
Category: Today's Takeaway

Northern Pulp was granted creditor protection by the BC Supreme Court to ensure it can safely idle its Pictou County mill, three weeks after Nova Scotia offered to defer its loan payments. In Business/COVID news: Canadian forest industry overcomes operational challenges; BC extends electricity bill payment deferral; Montana timber industry braces for pandemic effects; and housing will outperform the US economy—so will forest products.

In other news: SFI and FSC recognize National Indigenous Peoples Day; and wildfire advancement and preparations in Alberta, New Brunswick, and Washington state. Meanwhile: Enviva acquires two pellet plants in Georgia; and mass timber the upshot of Sidewalk Labs’ canceled Toronto project.

Finally, June 22 is World (Tropical) Rainforest Day.

Kelly McCloskey, Tree Frog Editor

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