BC's Logging Licence 'Reckoning': Why Major Companies Are Under-Harvesting and What It Means for Forestry's Future
By
Ben Parfitt
1mo ago· 12 min readenInsight
Summary
The article examines British Columbia's forestry sector, focusing on how major logging companies have been logging significantly less than their licensed allowable annual cut for years. It explores the implications of this under-harvesting, including the recent sale of a logging licence by Canfor (owned by BC's wealthiest man, Jimmy Pattison) to the Tsay Keh Dene Nation and McLeod Lake Indian Band for $69 million. The piece analyzes what this trend means for the future of forestry in BC, including impacts on mill towns, Indigenous communities, and the broader provincial economy.
Source
Key quotes
· 3 pulledIn September 2024, the Tsay Keh Dene Nation and McLeod Lake Indian Band bought a logging licence near the town of Mackenzie from Canfor for $69 million.
It was a hefty price, with one of the happiest sellers being Canfor's majority owner and British Columbia's wealthiest man, Jimmy Pattison.
Nearly five years earlier, 187 workers in Mackenzie had lost their jobs when Canfor closed a sawmill in town
Corporations have logged less than they're entitled to for years. Here's why. And what it means for the future of forestry.
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