The challenge of producing lumber from B.C.’s mountain-pine-beetle and wildfire-ravaged forests will be a top topic at the Council of Forest Industries’ annual convention in Vancouver on Thursday and Friday.
The province, in its most recent budget, indicated that annual timber harvests will have to be reduced to 56 million cubic metres by 2021-22 from 58 million cubic metres in 2018-19. “This, combined with the impacts of climate change, meant that harvest levels would need to be reduced,” Donaldson said.
West Fraser’s production in Canada is believed to have slipped to 55 per cent, compared with 57 per cent in 2017, and its production in the U.S. rise to 45 per cent from 43 per cent in 2017, DBRS wrote. Yurkovich said those firms are still world-leading companies that are headquartered in B.C., and “we are super-proud that we have globally significant companies,” of all sizes, capable of operating outside the province’s borders.
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