Alberta’s forest sector can’t expect government bailouts or subsidies, Canadian Press reported. The province’s aili…
Alberta’s forest sector can’t expect government bailouts or subsidies, Canadian Press reported. The province’s ailing industry is instead being cautioned to prepare for shifts in the way business is conducted.
CP reported Sustainable Resources Minister Ted Morton as saying the government’s selling timber to companies and the forestry tenure system has been problematic and that a new business model is being devised. The model is expected to be put in front of cabinet later this year.
Other alternatives include charging forestry companies commercial lending rates for outstanding timber fees, and promoting the use of Alberta wood products in government construction projects, CP confirmed.
It is estimated that Alberta’s forestry industry has lost $1 billion over the last two years.
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