A settlement agreement announced last week between the owners of the Northern Pulp mill and the Nova Scotia government has been approved by a British Columbia Supreme Court judge.
The B.C.-based company has also agreed to begin a feasibility study for a potential new kraft pulp mill near Liverpool, N.S. Northern Pulp has been under creditor protection since June 2020. It closed its mill operations that year after it failed to meet the province’s environmental requirements for a new effluent treatment plant. The Liberal government at the time said the mill could no longer dump its waste into Boat Harbour near the Pictou Landing First Nation, after the company had done so for decades.
If the study finds a new mill in Queens County, N.S., isn’t feasible, the pension and creditor arrangements wouldn’t change, but the company will have to pay the province $30 million to settle debts and spend $15 million on the cleanup and closure of the Pictou County mill site.
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