Days before the federal budget is to be tabled, AbitibiBowater has announced it is filing a NAFTA Chapter 11 challenge against Canada for $500 million.
“Newfoundland is only taking back the land and water rights it lent Abitibi on condition they produce newsprint. If Abitibi is not going to do that any more, for whatever reason, the province is within its rights to reclaim the land and demand the company clean up what’s left,” states Council of Canadians trade campaigner Stuart Trew. Continue reading →