Canada Pulp Industry Spends More on Environment
8/20/97
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Headline: Canada Pulp Industry Spends More on Environment
Source: Reuters
Date: 8/20/97
Copyright: Reuters Limited 1997
OTTAWA - Canada's pulp and paper industry invested C$952.3
million on capital projects linked to environmental
protection in 1995, by far the largest amount of any
Canadian industry, Statistics Canada said on Tuesday.
The industry's spending was a 55.3 percent increase from the
C$613.3 million spent in 1994, and increased the industry's
share of capital investment for environmental purposes in
Canada to 42 percent in 1995, from 39 percent in 1994,
StatsCan said.
Overall, Canadian industries included in StatsCan's survey
spent C$2.3 billion on capital projects for environmental
purposes in 1995.
Combined with C$2.4 billion in operating expenditures,
industry spending on environmental protection totalled C$4.7
billion in 1995, the federal agency said.
Much of the pulp and paper spending was to comply with new
regulations, StatsCan said.
The crude oil and natural gas industry made the second
largest capital expenditure on environmental protection,
spending C$324.4 million or 14.4 percent of total capital
spending for the environment, StatsCan said.
(For further information, contact Statisticsn Canada,
National Accounts and Environment Division, 613-951-3640).
((Reuters Ottawa Bureau 613 235-6745))