Alberta renews Weyerhaeuser’s Grande Prairie and Pembina Timberlands forest management agreement
October 4, 2022 By Government of Alberta
The Government of Alberta has renewed two Grande Prairie and Pembina Timberlands forest management agreements (FMAs) held by Weyerhaeuser Company for the next 20 years in exchange for important stewardship responsibilities.
These agreements establish the company’s right to grow and harvest Crown timber from forest management units near Grande Prairie and Drayton Valley.
Over their lifespans, the renewed Grande Prairie and Pembina FMAs are expected to maintain more than 1,250 full-time, contract and seasonal positions, and will potentially contribute:
- $12.2 million and $14.7 million in annual holding and protection charge payments
- $313 million and $277 million in timber dues
- $3.2 billion and $3.5 billion to Alberta’s gross domestic product
“The decision to renew Weyerhaeuser’s forest management agreements is a great example of how we can provide industry partners with the security needed for long-term investment, maintain hundreds of well-paying jobs for Albertans and ensure sustainable management practices for Alberta’s forests. A competitive forestry sector drives growth by ensuring that our wood fibre products remain sought-after in a globalized economy,” said Alberta Forest Minister Nate Horner.
“We’re very pleased with the decision to renew these tenure agreements. This support reinforces confidence in our long-standing investments, providing continued security for employees and partners across both regions. Weyerhaeuser is proud of the strong local working relationships, including Indigenous communities, which are foundational to our activities in these areas. Our focus on sustainability and responsible resource management reflects our deep commitment to accountable stewardship practices that benefits our Indigenous and community neighbours,” said Weyerhaeuser’s president David Graham.
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