Saturday, November 22nd-0.2°C
24124
23988

Timber! Government boosts tree cut

The provincial government is increasing the allowable timber cut on the BC coast and boosting the export fee on some raw logs in an effort to put more people back to work.

Forests Minister Steve Thomson announced at the Truck Loggers convention this morning that his government is increasing the availability of coastal timber by 500,000 cubic metres.

In order to dampen the export of raw logs, Thomson says the average export fee would go up by 20 per cent.

The government is chopping the fee for low-and mid-grade logs on the mid-coast in order to increase logging in areas where less valuable timber is growing.

Coastal Forest Products Association president Rick Jeffery estimates the changes could create up to 4,000 new jobs on the BC coast.

But Opposition New Democrat forestry critic Norm Macdonald says Thomson's move will make little difference in saving forestry jobs in the region.

The Canadian Press


Read more Business News

23458


Recent Trending




Today's Market
S&P TSX15111.13+35.95
S&P CDNX789.135.56
DJIA17810.0691.06
Nasdaq4712.97+11.102
S&P 5002063.50+10.75
CDN Dollar0.8901-0.0002
Gold1201.50+10.60
Oil76.72+0.87
Lumber331.50+4.50
Natural Gas4.236-0.253

 
Okanagan Companies
Pacific Safety0.155-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30+0.03
Cantex0.04+0.005
Anavex Life Sciences0.178+0.008
Metalex Ventures0.03+0.005
Russel Metals31.62+0.82
Copper Mountain Mining2.24+0.06
Colorado Resources0.125-0.015
ReliaBrand Inc0.013-0.002
Sunrise Resources Ltd0.050.00
Mission Ready Services0.35+0.015

 
23744


23967

FEATURED Property
209347329-1530 Kelglen Crescent
3 bedrooms 3 baths
$339,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...


Be quiet already!

No, you’re not crazy. There really are voices in your head. Voices that keep you from doing what you need to do during your customer care calls. It can be the voice of your teachers, your parent...

_



24156

24156


Member of BC Press Council


24033