$1-billion Pulp and Paper Green Transformation Program in Canada

October 9, 2009 by timbercommunity

The Pulp and Paper Green Transformation Program in Canada calculates a maximum funding envelope for a company based on a $0.16 per litre credit for black liquor produced by their mills between January 1, 2009 and December 31, 2009.

Firms will then have until March 31, 2012 to draw on this funding to finance approved capital projects that offer demonstrable environmental benefits, such as improvements to their energy efficiency or their capacity to produce alternative energy. The program is capped at $1 billion, and total payments to Canadian industry will not exceed this amount.
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