SCC ruling to impact lumber production
July 9, 2014 – The June 26 Supreme Court ruling in favour of the Tsilhoqot'in Nation could have as much impact on lumber production in B.C. as the pine beetle epidemic, predicts RBC Capital Markets. While 94 per cent of B.C. land is currently classified as Crown land, the majority of this land will eventually hold aboriginal title. It will likely take more than a decade to fully understand how this ruling will impact lumber production.
"Mr. Quinn believes larger B.C. companies are most at risk since they have long-established tenure rights and, therefore, have required fewer First Nation partnerships to secure timber supply. He highlighted Conifex Timber Inc. (100% of capacity in B.C.), Western Forest Products Inc. (100%), Canfor Corp. (73%), West Fraser Timber Co. Ltd. (40%) and Interfor Corp. (40%) as companies with significant lumber capacity mix in the province," says an article in the Montreal Gazette.
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