With an LNG decision delayed, B.C.’s attention turns to forestry

Globe and Mail

One of British Columbia’s biggest forest companies, International Forest Products Ltd., acquired four new mills in December. The purchase …was a strong demonstration of growth. Forestry will be one of the bright spots featured in the B.C. budget that will be tabled on Tuesday by Finance Minister Mike de Jong. It will be trumpeted as a comeback commodity that delivers something in the order of $1.4-billion to provincial coffers. After a brutal slump, the province’s forest-product exports have bounced back, up more than 60 per cent over the past five years. There is one small problem with the storyline: Interfor’s new acquisitions are all in the United States. There is a recovery in British Columbia, but beneath the surface the industry is preparing for new challenges.

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