BC old-growth logging deferrals will further challenge investment: Canfor CEO
By CFI staff
By CFI staff
Canfor president and CEO Don Kayne has released a statement following the B.C. government’s measures to defer areas of old-growth logging in the province.
“[Yesterday’s] old growth announcement by the B.C. government to defer 2.6 million hectares of forests is extremely concerning to Canfor. If fully implemented, it would have significant impacts on our hard-working employees and their families, along with our Indigenous partners, contractors, communities, and the entire industry.
The B.C. forest sector has been negatively impacted by ongoing constraints on the working forest that have eroded the global competitiveness of our industry. Our industry is recognized around the world as a leader in sustainable forest management and we want to continue producing in-demand, low carbon wood products that are helping to address the climate crisis.
Today’s old growth announcement will further challenge any opportunities for investment in B.C.
We are again asking government to meaningfully engage with Indigenous Nations, forest professionals, local experts and industry to develop a balanced, science-based approach to old growth management.”