B.C. forest industry still waiting on government's vision for transformation

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

B.C. Premier David Eby pledged $90 million to support value\u002Dadded forestry manufacturing, but industry is lobbying for more certain timber.

“It’s been OK,” Power said. “The last … eight or nine months, the market’s been strong enough that we’ve been able to just kind of buy are way into supply .”Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.

“I do recognize what’s on the line here, I know that these decisions affect your livelihood,” Eby said Thursday before a full house during the leader’s luncheon at the B.C. Truck Loggers Association convention. That fund bore its first fruit Friday, with a $4.5 million contribution, along with $14.3 million from the federal government, to a $50 million retooling of papermaking machinery at Paper Excellence’s Crofton pulp and paper mill allowing it to reopen for the production of single-use cutlery and bring back 100 idled workers.

“Somehow getting past uncertainty in all the facets that we’re dealing with” is more important to the industry. “Be it lack of permits or no permits, an underperforming B.C. Timber Sales Program, whether it’s hastening the transfer of volumes to First Nations, all those things are in limbo right now.”Article content

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lagging fibre supply gets $50M jumpstart for pulp and paper industryB.C. Premier David Eby announced $50 million in funding Thursday to increase the fibre supply for the struggling pulp and paper industry. Where is the fiber coming from? We need to farm sources of fiber other than logging.
Source: CHEK_News - 🏆 59. / 55 Read more »

B.C. forest industry looks to get out of the woods amid meetings with government leaders - Terrace StandardIndustry faces declining prices, other challenges as Eby speaks of ‘exhausted’ and ‘stressed’ forests
Source: TerraceStandard - 🏆 24. / 68 Read more »