Friday, February 18, 2011

AbitibiBowater transactions still need approval

The NDP says it wants to know what the provincial government is going to do about the sale of the AbitibiBowater Hydro dams in Ontario. Abitibi announced the sale to an unnamed buyer last week, but the transaction still needs the approval from the Ministry of Natural Resources. Kenora-Rainy River M.P.P. Howard Hampton doesn't think the provincial government will try to intervene in the sale. The dams up for sale include the hydro assets in Kenora, Fort Frances and Iroquois Falls.