COFI 2021: BC forest industry a ‘bright light,’ but needs to be more resilient
According to a new economic study from the BC Council of Forest Industries (COFI), in 2019, the B.C. forest industry generated $13 billion in GDP and almost $8.5 billion in wages, salaries and benefits. So, it’s no surprise that speakers at COFI’s 2021 virtual convention on April 8 emphasized the sector’s role leading the province’s economic recovery from the COVID-19 pandemic. …The industry is a “bright light,” for the province’s economic recovery, said Katrine Conroy, B.C. Minister of Forests. …Adding value to lumber products will be key as the B.C. forest industry transitions to a tighter fibre supply caused by multiple factors such as pests and wildfires. During his keynote speech, B.C. Premier John Horgan echoed Minister Conroy’s concern about the industry’s ability to withstand future downturns and the need to invest in value-added wood products. …Canada’s Ambassador to the U.S., Kirsten Hillman, shared an update on the situation in the U.S.
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