A Nova Scotia home heating fuel company that filed for bankruptcy last week has accused an accounting firm of negligence, saying it was hit with a "crippling shortfall" of nearly $10 million after being led to believe it was making money.
The Verschuren Centre is on the Cape Breton University campus.(George Mortimer/CBC) comments
Cape Breton University s Verschuren Centre is receiving $672,000 in provincial funding in support of its bio-technology acceleration centre.
The money is coming from the Forestry Innovation Transition Trust created after Northern Pulp closed.
Beth Mason, the centre s president, said the goal is to grow alongside manufacturers and that could create jobs in Cape Breton.
The accelerator can turn forestry biomass like wood chips into products that are currently being produced by petrochemical materials.
Beth Mason is president of the Verschuren Centre at Cape Breton University.(Tom Ayers/CBC)