U.S. biomass subsidy poses new threat to Canada's forest industry

The Canadian Press
By Ross Marowits (CP) – October 14, 2009

MONTREAL — Canada's battered forest industry faces a new threat on the horizon that could kills thousands of jobs as reports suggest the United States is looking to bolster a biomass subsidy, says the Forest Products Association of Canada.

Association president Avrim Lazar says U.S. producers would gain a new competitive advantage unless Ottawa develops a national strategy and provides substantial funding to harness the country's potential to become a bioenergy superpower.

"If the U.S. and European government subsidize the movement of their industries in that direction, we're going to lose tens of thousands of jobs and we're going to lose a huge opportunity," he said in an interview.

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