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Northern Pulp receives six-month CCAA stay from B.C. Supreme Court

The British Columbia Supreme Court recently approved Northern Pulp’s request for an additional six-month CCAA stay.

In a press statement, the mill team expressed its thankfulness for the court’s approval of the request. The mill noted that it can continue to work toward operating a new mill in Nova Scotia.

The mill further added that it continues to support its employees and retirees. To that end, it will continue to provide retiree benefits and honour its employee and retiree obligations throughout this period.

Northern Pulp notes that its mediation discussions with the province are ongoing.

The company has indicated to the courts that its tree nursery in Debert sustained significant damage during Hurricane Fiona. The court has approved Northern Pulp to spend $1.1 million to purchase 12 new greenhouses and make repairs to the existing 13 greenhouses. As one of the largest tree nurseries in the province – growing approximately six million seedlings annually – the seedlings grown at the Debert greenhouses are essential for reforesting Crown and privately-owned land from Yarmouth to Cape Breton, states Northern Pulp.

Northern Pulp also states that Nova Scotia’s forestry sector needs a pulp market to make the transition to ecological forestry possible as the Lahey Report has indicated. A new mill is the solution, concludes the mill, in the press statement.