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Industry committee  Well, the labour agreements we've negotiated will be part of the emergence plan and they will be court approved, as will the pension agreement. We hope to announce the settlement on that very soon. That becomes a legal requirement of the process, as approved by the courts both in the U.S. and Canada.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Yes, the softwood lumber agreement needs to be complied with, and hopefully we are complying.

September 10th, 2010Committee meeting

David Paterson

Industry committee  The funds that will be available to us will be the settlement of the NAFTA, and as I mentioned earlier that will be used to reduce the amount of debt we have to put on the company at emergence.

September 10th, 2010Committee meeting

David Paterson

Industry committee  We have the green energy fund, which was related to the black liquor credit--the famous black liquor issue with the U.S. Those funds need to be spent, I believe by 2013, and we have plans embedded to spend those moneys on Canadian assets.

September 10th, 2010Committee meeting

David Paterson

Industry committee  I think it's $33 million for us.

September 10th, 2010Committee meeting

David Paterson

Industry committee  I'm not an expert on the carbon tax issue, but it would be very problematic, in that we burn.... It depends how carbon tax is measured. If it's applied to biomass, it would be very harmful to the industry.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Yes, it was.

September 10th, 2010Committee meeting

David Paterson

Industry committee  In general we tend to be a leading indicator because paper consumption is an indication of future economic activity. When people get concerned about the economy, they stop buying and they destock. The ultimate example is that October 2008, on a volume and price basis, was our best month in probably 10 years, and demand collapsed in November of 2009.

September 10th, 2010Committee meeting

David Paterson

Industry committee  I'll answer your question, but we are currently not in negotiation with Boralex. There's been nothing going on. Yes, with the right deal we would restart Dolbeau, but something else, some other facility in Canada with the same set of issues, would have to close.

September 10th, 2010Committee meeting

David Paterson

Industry committee  You asked me a yes-or-no question, I gave you a yes-or-no answer.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, you asked me here, but the.... I would remind the committee that Dolbeau has been down, I believe, for over a year and a half. This is not a new issue. We had extensive discussions with Boralex, including arbitration with Boralex through the court system. We've been unable to find a solution.

September 10th, 2010Committee meeting

David Paterson

September 10th, 2010Committee meeting

David Paterson

Industry committee  If I may, I'd like to say one more thing about Gatineau. We are supportive of the work at Gatineau to find an alternative buyer. I think we've been--

September 10th, 2010Committee meeting

David Paterson

Industry committee  All right. I won't answer.

September 10th, 2010Committee meeting

David Paterson

Industry committee  We took the position at the time we were in active negotiation, and I would say today, that under the right terms we would reopen Dolbeau. But the committee needs to understand that if that happens, something else will go down, and we will have this very same conversation about another community, most likely in Quebec.

September 10th, 2010Committee meeting

David Paterson