(Note to editors: This is not a typo - one BILLION planted!)
MONTREAL, Aug. 10, 2012 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today celebrated the planting of one billion trees at its forestry operations in northern Ontario. This achievement is the result of collective efforts made over the past 30 years by the Company, its employees, numerous contractors and suppliers, and the Ontario Ministry of Natural Resources.
To mark the occasion, two-meter tall white spruce trees were planted simultaneously near three of the Company's mill sites in the province - at Fort Frances, Iroquois Falls, and Thunder Bay. Ontario's Minister of Natural Resources, the Honourable Michael Gravelle, as well as Member of Provincial Parliament Bill Mauro were present at the Thunder Bay site. Many community and Aboriginal leaders also attended each of the ceremonies.
"This planting ceremony speaks to our long, successful and proud Company history in northern Ontario and our unwavering commitment to forest renewal and sustainable forestry," said Richard Garneau, President and Chief Executive Officer of Resolute. "Forests are among the world's only renewable resources. We are fortunate to be involved in an industry that is truly sustainable."The planting of one billion trees represents more than five million hours of actual planting, and does not include the countless hours spent by cone collectors, nursery workers, transportation companies, site preparation operators, and resource professionals, all of whose skills are invaluable throughout the process. Minister Gravelle stated: "I would like to extend my congratulations to Resolute Forest Products and all parties involved in this accomplishment. Milestones such as these are a testament to the partnerships we have forged in our working forests and our commitment to the sustainability of the natural resources in our care."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV