Mixed messages from Gunns

The Wilderness Society

One of the reasons the proposed Gunns’ pulp mill has been so unpopular is because it planned to source 80% of its timber from Tasmania’s native forests, despite claiming they have enough plantations to supply the pulp mill. This is all about to change, however, as Gunns’ share price has fallen 20% in the last three days and they have just released $170 million worth of plantations to relieve their debts. Meaning, if the pulp mill does go ahead there will be added pressure on Tasmania’s native forests to supply the mill.

posted by kirsty on August 20, 2008 at 4:41 pm · filed under