NAFTA threat not at all scary, Williams tells AbitibiBowater

Newfoundland and Labrador Premier Danny Williams is brushing off a strongly worded letter from newsprint producer AbitibiBowater that threatens legal action over the government's seizure of the company's resource assets.

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The house of assembly passed a law this month enabling the government to seize the company's timber and water resources once its mill in Grand Falls-Windsor shuts down within the next three months. David Paterson, Abitibi's president and chief executive officer, in a stinging letter to Williams last week, called Newfoundland and Labrador's move illegal and subject to retaliation. In an interview Monday with CBC News, Williams said he's not worried. More...

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