Alberta renewed a 20-year forest management agreement (FMA) with West Fraser and Tolko Industries
Posted on March 7, 2022 |
- The FMA covers 245,527 hectares in the Slave Lake and High Prairie Regions in the province and it will contribute $3.2 million in holding and security charge payments, $69.4 million in timber dues, and $1.2 billion to Alberta’s GDP.
- The FMA renewal process includes a thorough review of the companies’ compliance with relevant legislation, regulations, and policies, as well as their sustainable forest management plans.
- West Fraser and Tolko’s lately approved forest management plan, is in place until 2031, and West Fraser’s sawmill and Tolko’s OSB facility in High Prairie employ 300 people and provide another 750 indirect jobs.
