The federal government is set to announce a $1-billion package to help Canada's pulp and paper industry by countering a U.S. subsidy for using alternative energy.
The funding will be in the form of grants over a three-year period available to all 71 Canadian pulp and paper mills that make capital improvements to reduce their dependence on traditional energy sources.
The aid is in response to counter the so-called "black liquor'' subsidy to pulp mills in the U.S., which has been estimated at between $6 billion and $8 billion.
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