West Fraser and Lake Babine Nation Granted New B.C. Timber License
The additional volume was made available through the government-held BC Timber Sales, in order to enhance the licence's scope and potential impact.
SEATTLE (Scrap Monster): The provincial government of B.C., Canada approved the new First Nations Woodland Licence in the Smithers area, created from timber tenures contributed by West Fraser and the Lake Babine Nation Forestry Limited Partnership (LBN Forestry). The license will be held by LBN Forestry.
A key turning point
A significant turning point in the developing collaboration between West Fraser and LBN Forestry has been reached with the B.C. government's creation of the new license. It also represents a new framework for cooperation and wood tenures in the province's forest industry. It is anticipated that the collaboration between West Fraser and Lake Babine Nation will further fortify British Columbia's timber industry.
Major contributors
West Fraser Timber contributed a portion of its license volume held in the Bulkley and Morice Timber Supply Areas, which allowed for the development of the new tenure. To increase the scope and possible impact of the license, the extra volume was made accessible through the government-owned BC Timber Sales.
CEO Comments
West Fraser President and CEO Sean McLaren commended the Lake Babine Nation on their joint accomplishments. The collaboration demonstrates the mutual dedication to sustainable forestry. Without the government's leadership and assistance, the accomplishment would not have been feasible, McLaren continued.
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