Teal Jones forestry company files for creditor protection in B.C.
On Thursday, Teal Jones filed a petition for creditor protection at the B.C. Supreme Court.
Stay updated with breaking news from Bc Forestry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
On Thursday, Teal Jones filed a petition for creditor protection at the B.C. Supreme Court.
The Interior Lumberman's Pension Plan was set up in the '70s for employees of smaller, non-unionized forestry sector companies in the B.C. Interior.
The Independent Wood Processors Association of B.C. says restricting raw lumber exports will create opportunities for higher-value manufacturing.
"The misclassification of some forests as being younger than they are (is) causing them to fall through the cracks," says TJ Watt, a campaigner with the Ancient Forest Alliance.
The government says $150 million will leverage further donations in a crowd-sourcing approach, encouraging other organizations and people to contribute to ecosystem protection.