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February 2012

More friends unhappy with Brookfield's actions

"Occupy Vancouver to occupy Brookfield Asset Management over logging dispute.

What: A 24hour occupation of Brookfield offices in Vancouver.

When: From noon Saturday February 25 to noon Sunday February 26.

Where: Meeting at the Vancouver Art Gallery at noon then marching to 550 Burrard Street.

Why: Brookfield and its wholly owned subsidiary Island Timberlands are preparing to log old growth forest on Cortes Island BC, an area comprising much of the last remaining 1% of the original ancient Douglas Fir forest that once blanketed the coastal region."

It seems some of the same players involved in our class action lawsuit are subjects of this protest. A cursory Google search revealed some interesting relationships and coincidences:

Brookfield bought Weyerhauser private BC lands and created the private subsidiary Island Timberlands.

Jim Pattison is a director of Brookfield Asset Management and owns a beneficial interest in Canfor.

Struggling Canfor was bought out by Western Forest Products - which perhaps had the effect of preserving Jim Pattison's beneficial stake in Canfor - the result very similar to the secret Private Option Agreement result in the Birch Mountain case.

Brookfield/Tricap own "49% and 100% of Western's issued and outstanding common shares and non-voting shares, respectively." SEDAR filing 30 Jan 2009 Western Forest Products

Links of interest about Brookfield/Tricap and the forest industry: (if the links are broken - search the headline and date).

    Brookfield to spin off timber asset by The Vancouver Sun 4 Jan 2008

Blog - I'm Laila Yuile, And This Is How I See It 4 Jan 2008

Logging of pristine BC island forest to begin in January by Brookfield Asset Management by Carrie Saxifrage Posted: Dec 23rd, 2011 The Vancouver Observer

Is there a relationship between Jim Pattison and Putian's "new lumber king," Jinliang Wu? Just wondering.  China's new lumber baron by Vancouver Sun Blog 25 Nov 2009

Good luck to Occupy Vancouver and Victims of Brookfield!

 

 

 


Victims of Brookfield upcoming media event.

From our friends - Victims of Brookfield

MEDIA ADVISORY

FOR IMMEDIATE RELEASE February 20, 2012

Brian Topp to join pensioners rally at Brookfield Asset Management (BAM)

When: Wednesday, February 22nd, 11am
Where: Brookfield Asset Management building, 180 Bay St., Toronto

TORONTO – A group of Fraser Paper retirees from Quebec and New Brunswick
who had their pensions cut by up to 40% when their employer filed for
bankruptcy protection are travelling to BAM offices in Toronto to demand
justice. They will be joined by leaders of their union, the
Communications, Energy and Paperworkers Union, and by NDP leadership
candidate Brian Topp, who has made pensions a campaign priority.

“While the top one per cent have been handed billions in tax giveaways,
many workers in Canada have been stripped of their pensions,” says Topp.
“That's why I have proposed restoring fairness to our tax system so that
we can renew and improve the Canada Pension Plan.”

CEP President Dave Coles says, “Canada’s bankruptcy laws legalize
stealing from workers, like these Victims of Brookfield, to pay off
wealthy creditors.” He points to a string of closures including Nortel
Networks and St. Mary’s Paper where “workers have been forced to hand
over their retirement savings.”

MORE INFORMATION – Michelle Walsh, CEP Communications Director
(613) 858-9144; (613) 230-5800 ext. 222.

Have other Pension Funds like the Ontario Teachers' Pension Plans suffered any losses as a consequence of being involved/invested with Brookfield?

On Another Note:

The core team has been traveling/working for Birch shareholders and will continue to do so through March. Expect delays in updates and email responses from birchmountain@hushmail.com but know that we are working diligently pursuing justice for Birch Mountain shareholders.