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Greenhouse Gas Plan

Our Greenhouse Gas emission levels during 2000 were 32,570 t lower (- 4.3%) than the 1990 level. This indicates that we have achieved and surpassed the target to reduce our GHG emissions from fossil fuels to 1990 levels by 2000. We project that by the year 2005 our GHG emissions could be as much as 100,000 t less than 2000 emissions as a result of a number of projects either underway or being considered by the company. We conservatively expect our GHG emissions to be 10-15% below 1990 emission levels by 2005.

Since 1990, GHG emissions have decreased significantly per tonne of production at both of our pulp and paper mill complexes due to energy efficiency improvements and burning cleaner fuels. Emissions per thousand board feet at our sawmill operations have also decreased but less dramatically as decreases in GHG emissions due to energy efficiency improvements have been offset by a larger percentage of lumber being kiln dried using natural gas than in the past.

We now plan to establish a new target - the reduction in GHG emissions to 6% below 1990 emissions by 2010, in keeping with the commitment made by Canada in signing the Kyoto Protocol. As part of this commitment, we will also continue to report our emissions to the Canadian Voluntary Challenge and Registry (VCR) office on an annual basis.

During 2003 we also expect to engage fully in the process of establishing a sectoral covenant with federal Government.

2000 Greenhouse Gas Report