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Published on: 12/19/2008 11:41:53 AM Font Size:  Normal Text Large Text

Iroquois Falls fuming over potential sale of dams by AbitibiBowater


By: Northern Ontario Business Staff

Hundreds of Iroquois Falls residents packed a meeting hall this week to vent their anger over the potential sale of three local dams by AbitibiBowater.
The sale of the dams, associated with the company's paper operations, would jeopardize the profitability and thus the viability of the site, critics say.
Political leaders point to the example of Newfoundland Premier Danny Williams, who expropriated AbitibiBowater's water rights at its shuttered Grand Falls Mill, as an appropriate course of action.
"The province would be completely irresponsible to allow Abitibi to get away with burning the furniture just to heat the house," said Charlie Angus, MP for Timmins-James Bay, in a release.

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