Sorry State of Affairs in the Forestry Industry

[britman101]

Sorry state of affairs in the Forest Industry in BC. From the link below the writer does not hold out much hope for the forest industry in B.C.

https://www.princegeorgecitizen.com/...ayoffs-6370223

Have to wonder where did all the money go when the lumber prices went through the roof.

And more information to digest on the state of the forest industry in this province:

the finger pointing and “it’s not our fault” excuses from Canfor were as loud as a chainsaw from the outset of the company’s Wednesday announcement that it was axing its pulp line at its Prince George Pulp and Paper Mill, along with the 300 jobs that come with it.
It’s because of the closed sawmills in the Prince George area (Canfor’s choice), they said. It’s because of the reductions in the annual allowable cut (the B.C. government’s choice) and the difficulty getting “cost-competitive” fibre, they said.

• Recommended reads for you:
  
  
• Mayor Yu weighs in on Prince George Pulp and Paper mill closure
• Pulp line at Prince George Pulp and Paper closing permanently
  

The “cost-competitive” part means fibre at a price where Canfor can still make a substantial profit.
Like their $211.5 million in earnings in the third quarter of 2022, the $644.3 million in earnings the quarter before that and the $839.9 million in earnings during the first three months of last year.
As an industry analyst explained in a Glacier Media story last October about the crisis in the B.C. pulp sector, a lot of fibre gets left in the bush after logging because it’s cheaper to burn it than haul it out and take it to the nearest pulp mill.





In other words, we’ve arrived at this week because of the greed and incompetence of the big forest companies and the provincial government more interested in milking every cent out of the sector on a month-to-month basis to bolster their revenues than on the long-term management and protection of this invaluable resource.