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.
Read more Business News
- Kelowna council highlightsKelowna - 8:00 pm
- Brush fire in OyamaCentral Okanagan - 3:56 pm
- Hospital gets new towerPenticton / S. Okanagan - 3:34 pm
- Sh*t Parkers of KelownaKelowna - 3:31 pm
|QHR Technologies Inc||1.22||+0.02|
|Anavex Life Sciences||0.26||-0.0075|
|Copper Mountain Mining||2.83||-0.03|
|Sunrise Resources Ltd||0.03||-0.005|
|Mission Ready Services||0.15||-0.005|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...