Domtar announced a long-term partnership with the Nature Conservancy of Canada, established alongside the execution of the largest private land conservation agreement in Canadian history.
A large private tract in Ontario spanning 1,450 square kilometers of boreal forest, which was managed as a wood supply to Domtar’s pulp and paper mills, will now be managed for research and conservation by the Nature Conservancy of Canada (NCC). The area, formerly known as the Hearst Forest, is recognized for its extraordinary ecosystem and abundant wildlife.
Domtar has agreed to transfer ownership of the land to NCC for $7 million below its appraised value as a part of this partnership.
Source: Lesprom Network