Metsä Group to launch a pre-study for a Kuura textile fibre mill

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.

Global packaging and paper leader Mondi has accelerated plans to take action on climate by committing to transition to Net-Zero by 2050. This next step builds on almost two decades of progress, including a 45% reduction in specific greenhouse gas (GHG) emissions against a 2004 baseline and science-based targets approved by the Science Based Targets initiative (SBTi) in 2019. "The climate crisis is the most urgent risk facing society and businesses must take decisive action to mitigate their impact. Mondi has a long track record of investing in our operations to reduce our GHG emissions and the Board’s approval of our new Net-Zero plan reinforces our commitment to contributing to a better world. The adoption of science-based targets in line with 1.5°C is an important milestone in our journey to Net-Zero. However taking action today is an absolute imperative and we already have a clear roadmap to achieve our 2025 milestones." Andrew King, Mondi’s Group CEO

GreenFirst Forest Products Inc. is pleased to announce that it has entered into a definitive agreement to sell its La Sarre and Béarn sawmills and its Abitibi and Témiscamingue forestry operations, as well as their related assets and business operations (the “Quebec Assets”) to Chantiers Chibougamau Ltée (“Chantiers Chibougamau”), a long-standing Quebec-based and family-controlled forestry company, for approximately $90 million in cash payable at closing, including approximately $40 million for specific working capital items (subject to customary closing adjustments). Quebec-based employees are expected to continue to be employed by Chantiers Chibougamau post-closing. GreenFirst expects to use the net proceeds from the sale to strengthen its balance sheet and continue investing in its Ontario operations. The sale of the Quebec Assets is expected to close in Q1 2023.