British Columbia stands at a crossroads. The world around it is looking to create cleaner energy, secure its supply chains, and build more housing to alleviate the affordability crisis. It must be made clear that our province’s near-limitless gift of natural resources will not only lead the way towards economic and sustainable security but also build better opportunities for future generations. Resource Works has launched a campaign titled The Voters Have Spoken , which we hope will echo this vision of a resource-led future that reflects what British Columbians already understand: natural resources are not only essential to our well-being; they are essential to securing the near and distant future ... CLICK HERE for the full story
When an annual allowable cut cannot be achieved, data suggests forestry companies cut and run south. With North American lumber prices below break-even costs for many sawmills in Canada and the U.S., plus ongoing geopolitical uncertainty, recessionary conditions in China and declining timber supplies around the world, the global outlook for the forestry industry is not particularly rosy. In British Columbia, once North America’s forest-sector powerhouse, it seems downright dismal. And low lumber prices—a result of inflation and high interest rates squelching North American home building—are only one of a myriad of challenges facing the industry ... CLICK HERE for the full story