• About
  • Forestry Investment
  • World Forestry Update
  • Archives
  • Categories
  • Timber Companies and Environmental Groups Agree on Forest Protection Deal

    2010 - 06.03

    An agreement has been unveiled by environment groups and Canadian timber companies aimed at protecting two-thirds of Canada’s forests from unsustainable logging. The Canadian Boreal Forest Agreement (CBFA) brings together nine environmental groups and FPAC’s 21 member companies. These two sides have, in the past, fought a bitter battle against each other with few victories on either side.

    At over 72 million hectares this has become the world’s biggest commercial forest conservation deal. In the hope of sustaining endangered caribou populations logging will be totally banned on some of the land. The total protected area is roughly twice the size of Germany and equals the area of forest loss globally between 1990 and 2005. The timber companies hope the deal with bring commercial gains such as timber buyers seeking a higher ethical standard.

    “The importance of this agreement cannot be overstated,” said Avrim Lazar, president and CEO of the Forest Products Association of Canada (FPAC). “Together we have identified a more intelligent, productive way to manage economic and environmental challenges in the Boreal [Forest] that will reassure global buyers of our products’ sustainability.”

    Calls for boycotts and criticism of the industry have been suspended by the environmental groups as part of their agreement. The Pew Environmental Group, said it was ‘excited’ by the agreement and has been trying for over a decade to ‘green’ Canada’s forestry industry.

    “We’re thrilled that this effort has led to the largest commercial forest conservation plan in history, which could not have happened without both sides looking beyond their differences,” said Steve Kallick, director of Pew’s International Boreal Conservation Campaign.

    The protected lands run right across the country from the Pacific to the Atlantic coasts this is an area that is larger than in some agreements currently feted as global leaders, such as the Brazilian Amazon Region Protected Areas project. Companies and environmental groups have pledged to work together to implement world leading forest management and harvesting practices.

    The timber will be certified as coming from sustainable sources and the effects on forest protection will be monitored, especially the caribou. This agreement could act as template for future forest agreements in other parts of the world, according to Pew, as industry leaders respond to an increasingly environmentally aware public.

    “There is recognition that this is how forestry will be done in the 21st Century, and there’s a great interest in getting ahead of the rest of the industry,” Mr Kallick told BBC News.

    At present the agreement covers the timber companies and environmental groups and they are now looking for reinforcement and backing from the government. In the Canadian system that means the national and provincial authorities and ‘First Nation’ governments of indigenous groups, some of whom have already given their support.

    The Timber Investment Blog is sponsored by Greenwood Management. For more information on investing in Forestry please click here

    Tags: , , , , , , , , , , , , , , , , , , , , ,

    Your Reply