NDP policies are driving businesses out of B.C., and the forestry industry just suffered yet another calamity. Interfor, a BC company founded more than 60 years ago and now one of the world's largest lumber producers, is moving its headquarters from Burnaby, BC to Atlanta, Georgia. As BC’s forestry sector faces mill closures and mounting uncertainty, this move is another warning sign that the crisis is deepening and conditions are fatal. “This is the NDP’s record: endless job losses with no hope in sight for the forestry sector,” said Ward Stamer, Shadow Minister for Forestry. “Interfor still has three mills in BC which are now in serious jeopardy, and it is likely we will see even more companies pull out of BC. The NDP government is suffocating the forestry industry with high taxes, excessive regulations, and permitting delays, while DRIPA has made it impossible to plan for the future.” “Decisions like this are sadly not surprising given the NDP’s indifference if not hostility tow...
To me, this looks like the Leader of the Opposition doing what he often does politically. The Prime Minister, by contrast, has taken off the table the idea that Ottawa is categorically opposed to pipelines and, through the MOU, effectively put the ball in Alberta’s court with defined parameters.
ReplyDeleteThat said, there’s a broader disconnect between political rhetoric and corporate reality.
Pipelines make the most sense in a high‑growth environment where production is scaling rapidly. But if companies are prioritizing cash flow over expansion, incremental egress may be sufficient for a long‑lived, stable production base.
After the 2014–16 collapse and the 2020 shock, the industry shifted. Windfalls today are largely used to pay down debt, strengthen balance sheets, and fund dividends and buybacks — not to launch new mega‑projects.
Yet many conservative politicians, including Smith and Poilievre, still talk as if we’re one pipeline away from another 2006‑style boom. The industry itself is behaving like a mature sector: disciplined capex, long‑lived assets, cash returns.