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Are there really no trees left? Have all northeastern B.C. forests been logged? Why not take Canfor’s timber tenure and give it to someone else who will operate a manufacturing facility?
“These new investment projects in Dothan will inject additional vigor and innovation into this critical sector.”
ADVERTISEMENT Canfor announced on Nov. 17 it has reached multi-year $30 million agreements with pellet producer Peak Renewables involving the sale of the company’s forest tenure in the Fort Nelson region of British Columbia. Canfor said the agreements follow Peak Renewables’ purchase of its Fort Nelson mill assets in the third quarter of 2020. The transactions are subject to customary closing conditions, including approval from the BC Minister of Forests, and are expected to close during the first quarter of 2021. “I am pleased to have reached an agreement to sell our Fort Nelson tenure...