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The investment in GreenFirst, the company said, builds upon Interfor’s recent expansion into eastern Canada through the acquisition of EACOM Timber Corporation in February.
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Justice Shelley Fitzpatrick is also allowing the company to use $8 million to pursue reopening efforts and advance legal action against the Nova Scotia government.
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The boost is an interim measure as the government consults with First Nations over the next two years to co-develop a permanent revenue-sharing model.
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Excitement at the BC Council of Forest Industries' 2022 convention last week was tempered by talks of Russia’s illegal invasion of Ukraine, the increased cost of traditional fuels, B.C.’s transformation into a high-cost forest products producer and the battle for public support of the industry.
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“The forest industry is changing rapidly,” writes CFI managing editor Maria Church. “Forest companies large and small are keenly aware of the business case behind diversity and inclusion and are proud to showcase the steps they’ve taken to encourage more women, Indigenous peoples, and people of colour to sign up for forestry.”
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The B.C. government has set aside $19 million of its CleanBC funding to increase carbon stored in B.C.’s forests and to develop Indigenous-led low-carbon forest-based products.
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Grandfathering for some harvest plans approved under old guidelines will occur if blocks are being actively harvested or have fewer than 10 hectares remaining.
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The board has appointed past director Marc Brinkmeyer with Idaho Forest Group to the board, and J.D. Irving’s Jerome Pelletier to serve his first term.
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Date: May 6-7, 2022
Location: Essex Junction, Vt.
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