Archive for month: February, 2023

Still needed is short-term funding for First Nations to offset lost logging revenues from accepting logging deferrals as well as long-term conservation financing to develop sustainable economic alternatives to old-growth logging linked to the creation of new Indigenous Protected and Conserved Areas.

Premier David Eby announced on Wednesday his plans to fast-track his government’s progress on protecting old growth, including $25-million to help First Nations participate in land-use decisions on old-growth forests, and $90-million added to the BC Manufacturing Jobs Fund to help forestry companies retool their mills to adapt to second-growth timber.

Conservation group increasingly optimistic about old-growth protection as BC government adjusts forestry regulations, invests funding in value-added forestry, and commits to a conservation financing mechanism to help establish new Indigenous Protected and Conserved Areas.