New Pennsylvania Recycled Pulp Mill Under Construction (scrapmonster.com)

Resolute Forest Products, Greenpeace, Inc., Greenpeace Fund, Inc., and Greenpeace International announced that they have resolved Resolute Forest Products, Inc. et al. v. Greenpeace International et al., No. 3:17-cv-02824-JST (N.D. Cal. 2016). Resolute Forest Products and Greenpeace Canada also announced that they have resolved Resolute Forest Products, Inc. et al. v. Greenpeace Canada et al. (Ontario Superior Court of Justice). All parties are pleased that they have turned the page on these long-running litigations. The Greenpeace parties have no knowledge of illegal operations in off-limit areas by Resolute. Greenpeace, Inc., Greenpeace International and Greenpeace Canada state that their criticism was always directed at Resolute’s legal operations in certain forests that Greenpeace believes require more protection. Greenpeace states that it will continue to advocate for protection of the environment. Resolute states that it is committed to the sustainability of the boreal forest and prosperity of its communities. Resolute and Greenpeace agree everyone should be part of this discussion and to raise concerns with each other in an attempt to resolve factual disagreements.

Net sales were SEK 5 897 million (5 636), an increase of 5% mainly as a result of increased selling prices. EBITDA was SEK 1 065 million (923), an increase of 15% mainly as a result of increased selling prices, which were partly offset by higher wood prices. Adjusted EBITDA was SEK 1 102 million (938), an increase of 17%. The adjusted operating margin was 12% (10%). Adjusted operating profit was SEK 729 million (572), an increase of 27%. Earnings per share amounted to SEK 2.40 (1.94). Click Read More below for additional information.

Paper Excellence Canada is very pleased to announce today that it has been named as a Finalist for the fourth annual Foresight Canada BC Cleantech Awards. Paper Excellence Canada is a finalist in the Corporate Pioneer of the Year category, which features large organizations or companies adopting, championing, or leading sustainable practices in their industry. Paper Excellence Canada stands alongside other well-known finalists in this category, including FortisBC, Port of Vancouver, Shell Canada, and Copper Mountain Mining Corporation. “We are very excited and honoured to be a Finalist for this year’s BC Cleantech Awards, and we look forward to the awards event on March 30th,” said Stew Gibson, Chief Operating Officer for Paper Excellence Canada. “To be nominated as a finalist in this category confirms the work we are doing as a company, like investing in cleantech, improving our operations and developing innovative low-carbon products, is making an impact towards meeting global climate objectives.”