A handful of federal politicians say they are seeking answers into who is behind a B.C.-headquartered forestry giant after a Glacier Media investigation revealed significant links to entities in China and Indonesia.
The investigation — which included interviews with former employees and an analysis of shipping records, leaked emails, and 15 years of public and corporate documents — found significant links between Paper Excellence and Asia Pulp and Paper , a forestry giant based in China and Indonesia. “Paper Excellence and Fibre Excellence strictly comply with environmental regulations,” stated the company in a press release.
On Monday, Paper Excellence filed a notice of termination with the U.S. Securities and Exchange Commission, indicating Resolute would become a subsidiary of Domtar Corporation, another forestry giant Paper Excellence bought out and privatized in 2021 for US$3 billion. “I don't know, now that Paper Excellence has been approved, whether or not changes in the act will be able to shine a light on that, but I want the minister to come and explain. I've written to him asking him to explain what went down.”
Andy Fillmore, parliamentary secretary to the Minister of Innovation, Science and Industry, responded, saying Paper Excellence's takeover of Resolute was subject to a national security review process.