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Examines Alberta's shiny new paper mills which are expected to cash in when prices for pulp and paper rebound next year. Shipments of pulp and paper component down; Alberta Newsprint Co. of Whitecourt breaking even by deferring depreciation costs; Campaign of then-Premier Donald Getty to lure international investors to Alberta's largely unallocated forests; Cost to taxpayers; The long-term.

Looks at the deal between paper companies Grande Alberta Paper Ltd. (GAP) and Manning Diversified Forest Products Ltd. (MDFP), over a supply of timber from northern Alberta. Each company's concern of bankruptcy, if it did not get the lumber; The compromise, which was supported by the government.

Comments on a report released in October 1995 by green-leaning scientists that warned that Alberta (Canada) is running out of trees and no new forestry projects should be launched. Recommendations in the report; Grande Alberta Paper Ltd.'s proposed project; The views of Environmental Protection Minister Ty Lund; Comment by Liberal forestry critic Nick Taylor. INSET: Log-nappers beware (illegal logging and smuggling), by G.K..

Discusses how Canada's Alberta pulp mills want to streamline the enviro-reporting system. Proposal to merge data collection for Environment Canada and Alberta Environment; Each has different reporting forms and different data; New Environmental Protection and Enhancement Act doesn't address duplication problem.

Discusses the current status of the Grande Alberta Paper (GAP) mill. Actions of former premier Don Getty; Moves by Finance Minister Paul Martin; Cost considerations related to the GAP; Role of the Alberta Forests Products Association.

Mentions Canmore, Albertan Cyndi Foster's use of animal dung in her handmade papers. Colors and textures of Poop Paper; Her comments about using herbivore dung; Public reaction to the paper.

Reports on the litigation of Esther Neuman for violations of the Alberta Animal Pedigree Act. Alleged failure to provide customers with pedigree papers of poodles; Fines to be charged upon conviction; History of Neuman's breeding operation.

Surveys the Alberta Stock Exchange, which has doubled in activity over the past year, trading now exceeding $50 million a week. Hottest story in surging junior oil and gas sector; Activity not going unnoticed in Montreal and Toronto; Province's juniors' need for capital.

Mentions Albertans Adam McKay, Abraham David, and Jason Ewert. How they helped the Northern Alberta Institute of Technology School of Business win a first-place spot in the Green line Investment Challenge, a Canadian competition for finance students; Comment of instructor Pat Latham.

Reports on the decision by Alberta's Environmental Protection Minister Ty Lund to allow competitive bidding in the province's forest products industry. Conditions set for Alberta Newsprint Co.'s operations before the company can avail of cheap access to timber reserves; Mistakes detected in the province's support of the company; Options left for the company to expand its operations.