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Resolute Forest Products
Resolute Forest Products (French: Produits forestiers Résolu), formerly known as AbitibiBowater Inc., is a Canada-based pulp and paper company. Headquartered in Montreal, Quebec, the company was formed in 2007 by the merger of Bowater and Abitibi-Consolidated. At that time, the merged company was the third largest pulp and paper company in North America, and the eighth largest in the world.
On 1 July 2012, the company's name was changed to Resolute Forest Products Inc. In 2023, the company was acquired by the Paper Excellence Group through its subsidiary, Domtar.
On 29 January 2007, Bowater Inc. and Abitibi-Consolidated announced they would be merging to create AbitibiBowater. The merger created the third largest pulp and paper company in North America, and the eighth largest in the world. On 16 April 2009, the company filed for bankruptcy protection in the United States and similar protection under the Companies' Creditors Arrangement Act in Canada, eventually reporting debt of about US$6 billion. The company won court approval for an injection of $206 million to get it through its financial restructuring in April 2009 and emerged from creditor protection on 9 December 2010. AbitibiBowater changed its operating name to Resolute Forest Products on 1 July 2012. In a round of market consolidation, a new private company called the Paper Excellence Group acquired Catalyst Paper in 2019, Domtar in 2021 and Resolute in 2023.
The following are the principal predecessor companies of Resolute:
The Communications, Energy and Paperworkers Union of Canada has been critical of the company's attempts to renegotiate pension contributions with their pension underfunded by approximately $1.9 billion. On 3 May 2013, it was reported that an agreement was put in place which may address the ongoing pension dispute with Resolute agreeing to increase its pension payments and “stabilize the pension plan over the next decade.”
On August 29, 2013 a case study examining the use of Forest Stewardship Council (FSC) Controlled Wood system by Resolute was released. The report concludes that Resolute's improper application of Forest Stewardship Council standards threatens the integrity of the FSC system and brand. On January 1, 2014, after a successful appeal by the Grand Council of the Crees, three FSC certificates covering more than 8 million hectares of forest were suspended. FSC found violations of its principles relating to indigenous Peoples’ rights, environmental impacts, forest benefits, monitoring and assessment, and High Conservation Value forests. Resolute Forest Products became a member of the World Wildlife Fund’s Climate Saver’s Program on November 10, 2011 with a commitment to “reduce their absolute greenhouse gas (GHG) emissions by 65 per cent by 2015 below 2000 levels” .
Resolute Forest Products has been criticized by Greenpeace and other organizations for advancing logging and road building in endangered species habitat in Québec and Ontario.
On 18 May 2010, Resolute Forest Products joined 29 other organizations including Greenpeace Canada and the David Suzuki Foundation to become a founding member of the Canadian Boreal Forest Agreement (CBFA). The agreement formalizes the members’ commitments to conserving vast areas of forests and enabling the legislated protection of large-scale areas that are needed to preserve threatened species such as woodland caribou. Claiming a lack of progress on delivering results within the CBFA, particularly on the creation of protected areas and caribou conservation plans, Greenpeace Canada and Canopy, two founding signatories, departed the agreement in December 2012 and April 2013 respectively. Other environmental organizations suspended work with Resolute on May 21, 2013 announcing that "Resolute will not do the minimum that the science says is required to protect our forests and the threatened caribou that call them home."
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Resolute Forest Products
Resolute Forest Products (French: Produits forestiers Résolu), formerly known as AbitibiBowater Inc., is a Canada-based pulp and paper company. Headquartered in Montreal, Quebec, the company was formed in 2007 by the merger of Bowater and Abitibi-Consolidated. At that time, the merged company was the third largest pulp and paper company in North America, and the eighth largest in the world.
On 1 July 2012, the company's name was changed to Resolute Forest Products Inc. In 2023, the company was acquired by the Paper Excellence Group through its subsidiary, Domtar.
On 29 January 2007, Bowater Inc. and Abitibi-Consolidated announced they would be merging to create AbitibiBowater. The merger created the third largest pulp and paper company in North America, and the eighth largest in the world. On 16 April 2009, the company filed for bankruptcy protection in the United States and similar protection under the Companies' Creditors Arrangement Act in Canada, eventually reporting debt of about US$6 billion. The company won court approval for an injection of $206 million to get it through its financial restructuring in April 2009 and emerged from creditor protection on 9 December 2010. AbitibiBowater changed its operating name to Resolute Forest Products on 1 July 2012. In a round of market consolidation, a new private company called the Paper Excellence Group acquired Catalyst Paper in 2019, Domtar in 2021 and Resolute in 2023.
The following are the principal predecessor companies of Resolute:
The Communications, Energy and Paperworkers Union of Canada has been critical of the company's attempts to renegotiate pension contributions with their pension underfunded by approximately $1.9 billion. On 3 May 2013, it was reported that an agreement was put in place which may address the ongoing pension dispute with Resolute agreeing to increase its pension payments and “stabilize the pension plan over the next decade.”
On August 29, 2013 a case study examining the use of Forest Stewardship Council (FSC) Controlled Wood system by Resolute was released. The report concludes that Resolute's improper application of Forest Stewardship Council standards threatens the integrity of the FSC system and brand. On January 1, 2014, after a successful appeal by the Grand Council of the Crees, three FSC certificates covering more than 8 million hectares of forest were suspended. FSC found violations of its principles relating to indigenous Peoples’ rights, environmental impacts, forest benefits, monitoring and assessment, and High Conservation Value forests. Resolute Forest Products became a member of the World Wildlife Fund’s Climate Saver’s Program on November 10, 2011 with a commitment to “reduce their absolute greenhouse gas (GHG) emissions by 65 per cent by 2015 below 2000 levels” .
Resolute Forest Products has been criticized by Greenpeace and other organizations for advancing logging and road building in endangered species habitat in Québec and Ontario.
On 18 May 2010, Resolute Forest Products joined 29 other organizations including Greenpeace Canada and the David Suzuki Foundation to become a founding member of the Canadian Boreal Forest Agreement (CBFA). The agreement formalizes the members’ commitments to conserving vast areas of forests and enabling the legislated protection of large-scale areas that are needed to preserve threatened species such as woodland caribou. Claiming a lack of progress on delivering results within the CBFA, particularly on the creation of protected areas and caribou conservation plans, Greenpeace Canada and Canopy, two founding signatories, departed the agreement in December 2012 and April 2013 respectively. Other environmental organizations suspended work with Resolute on May 21, 2013 announcing that "Resolute will not do the minimum that the science says is required to protect our forests and the threatened caribou that call them home."