"U.S. Taking Canada To Arbitration Over Softwood"

"The beetle infestation that has ravaged the dense forests of the B.C. Interior could wind up costing Canada a good deal more – up to a half-billion dollars in penalties to the United States.

The Obama administration opened an aggressive new legal front in the enduring trade fight over lucrative softwood lumber exports, accusing Canada of violating a 2006 deal by allowing British Columbia to sell vast quantities of cut-rate, Crown-owned timber to lumber companies."

Barrie McKenna reports for the Toronto Globe and Mail January 18, 2011.

Wednesday, January 19, 2011