this post was submitted on 23 Nov 2024
23 points (100.0% liked)

Canada

7218 readers
347 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca/


founded 4 years ago
MODERATORS
 

Opposition MPs are expressing concern that after buying up two major Canadian companies, the foreign owner of one of Canada's biggest forestry businesses is now also formally taking over an Indonesian-Chinese pulp and paper conglomerate from his family β€” a company he has long denied operating in tandem with.

A half-page notice quietly published by the European Union on Monday states that Jackson Wijaya, owner of Paper Excellence, is acquiring "sole control" of Asia Pulp & Paper from his father, Teguh Ganda Wijaya (also known as Oei Tjie Goan).

CBC News originally reached out to Paper Excellence with emailed questions on Thursday afternoon, but the company did not immediately respond. Shortly after this story was published on Friday, a Paper Excellence spokesperson confirmed the ownership transfer of APP, writing in an email that the latest development represents "normal course succession planning" by the senior Wijaya.

The controversial conglomerate has a record of forest destruction in Indonesia and has been a target of Indonesian and global environmental groups.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 4 hours ago (1 children)

Since 2010, Paper Excellence has received hundreds of millions of dollars in federal and provincial loans and subsidies, promising revitalization and jobs in some economically hard-hit communities. But it ultimately closed numerous mills β€” including in Powell River and Mackenzie, B.C. Espanola, Ont., and Pictou, N.S. The company currently owns more than 30 mills in Canada, the United States, Brazil and France

Nothing can be done.

Β―\_(ツ)_/Β―

[–] [email protected] 1 points 2 hours ago

Nobody at fault, nobody to blame.

Nothing to see here, peasants, keep scrolling.