Kremlin turns up heat on Gazprom

Article Abstract:

Gazprom, a Moscow, Russia-based gas company, has reached a settlement with the Russian government that would clear its arrears amounting to 12 billion rubles. Gazprom's deputy chief executive officer, Vyacheslav Sheremet, and Deputy Prime Minister Boris Nemtsov agreed on a settlement in which Gazprom will pay approximately four billion rubles, or $600 million, a month to clear its tax arrears with the government starting July 1, 1998. The Russian government threatened to seize the assets of Gazprom, the largest company in the country, if it does not pay its tax debt, which is lower than the amount the government owed Gazprom.

Comment:

Reaches a settlement w/ Russian govt that would clear its tax arrears of 12 bil rubles by paying about four bil rubles monthly

Gas Utilities, Natural Gas Distribution, Russia, OAO Gazprom, Article

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TimberWest to end some clearcutting

Article Abstract:

TimberWest Forest Corp. has announced that it would cease its clearcutting practice in the next five years in British Columbia, Canada. The firm is reported to be the second British Columbia forestry company, after forestry giant MacMillan Bloedel Ltd., to phase out the controversial logging practice. The move is influenced by increasing pressure from environmental groups, particularly in Europe, which have lobbied against products from wood that was clearcut.

Strategy & planning, Wood & Wood Products, Wood Product Manufacturing

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`Thrill tax' proposed in B.C.as extreme - sport rescues rise

Article Abstract:

British Columbia is planning to impose a thrill tax to help finance the increasing cost of rescuing lost and injured outdoor adventurers. The provincial government is planning to slap taxes on a wide range of adventure-sport products and services. Among the proposals is the imposition of a 0.5% tax on sporting equipment and ski-lift tickets. The proposed taxes would bring an additional revenue of around $2 million annually.

Nature Parks and Other Similar Institutions, Outdoor Recreation

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