Cites forest products industry's success in reducing dependence on fossil fuels as leading example of mutually compatible economic and environmental sustainability
(NYSE: UFS) (TSX: UFS)
MONTREAL, June 25, 2013 /CNW Telbec/ - Today, Domtar Corporation (NYSE: UFS) (TSX: UFS) President and CEO John D. Williams offered his support for the Administration's proposal to develop a more certain path for reducing greenhouse gas emissions.
"The President is correct that America is uniquely suited to find sensible solutions for addressing this issue. The forest products industry has voluntarily made significant reductions in its reliance on fossil fuels over the past decade. We are better utilizing the energy value of our biomass by-products which are carbon neutral over the long term, making our industry more sustainable economically and environmentally."
"A decade ago, Domtar was reporting that 68% of our energy use was from renewable, greenhouse gas neutral sources. Today, that number is approaching 85%. This has lowered our costs and, according to EPA's reporting methodology, reduced our carbon emissions by a third."
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,300 people. To learn more, visit www.domtar.com.
SOURCE: Domtar Corporation
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