COFI releases plan for competitive forest industry
The B.C. Council of Forest Industries (COFI) today released a plan – “SmartFuture: A Path Forward for B.C.’s Forest Products Industry” – with 60 policy choices that can be made today to secure a stronger future for B.C.’s forest sector.
The forest industry has been a cornerstone of the B.C. economy for more than 100 years, generating about 140,000 jobs in our province, including one in four jobs in the manufacturing sector. The industry is currently facing significant challenges that are being felt across the province.
“B.C.’s forest industry is an industry in transition,” said Susan Yurkovich, President and CEO of the B.C. Council of Forest Industries. “The industry is facing somewhat of a perfect storm – an array of market and operating challenges coming together at a time when we are also experiencing a significant structural shift in the availability and cost of fibre. These conditions are forcing difficult decisions, which are impacting workers and communities.”
A number of policy reviews and public consultations are underway to discuss the challenges. COFI and its member companies are actively participating in these discussions along with many other groups.
“In addition to addressing today’s challenges, many people are asking what the future holds for forestry in British Columbia, and where will we be once we have moved through this transition,” commented Yurkovich. “We believe that with the right choices, there is a bright future for the forest industry in B.C. That’s why we are putting forward our ideas for a path forward – one that will help attract investment, secure jobs, deliver value and sustain economic benefits across the province.”
“Some of these policy choices can be implemented by industry, others will require government action, and many will require collective effort from workers, communities, First Nations, academic institutions and all those involved in the sector to build the industry of the future,” added Yurkovich.
The 60 choices for a better future are outlined under five major areas:
- Invest in, and protect, our working forest land base
- Have smart rules that protect the environment and encourage investment
- Strengthen participation of Indigenous people and partnerships with communities
- Double down on market and product diversification
- Be the global hub for expertise in low-carbon, green building
View the full report here.
The BC Council of Forest Industries (COFI) is the voice of the B.C. forest industry which continues to be one of the most significant economic drivers in the province and the largest producer of softwood lumber in Canada. COFI members produce lumber, pulp and paper, panels and engineered wood products at facilities across the province. All share a commitment to a future based on sustainable forestry and manufacturing practices, innovative product development and employee safety.