Canada’s worst spring wildfire season could set housing construction further back
Canada has the world’s third-largest forest area and is the second-largest softwood lumber producer, according to Canadian government estimates, making it a key supplier of a critical housing material.
The fires have also forced thousands of people to evacuate their homes and blanketed cities with smoke as far away as Toronto, New York and Washington.BC wildfires: Firefighters working hard on fire guard in case winds switch again Resolute Forest Products RFP.TO has temporarily shut four Quebec sawmills due to nearby fires and a related log shortage, Resolute Vice President Seth Kursman said. Workers were digging trenches near the facilities to suppress the fires.Kursman said it was premature to say if the company may need to declare force majeure – unexpected circumstances that prevent a business from meeting contract obligations – or could make up the lost production later in the year.
Forest fires are partly a natural phenomenon, culling debris and creating new growth. But big blazes can also reduce timber supply for the long term, Quinn said.Nighbor said as Canada’s wildfires worsen, federal and provincial governments should allow for expanded tree harvesting, especially of older trees, to reduce fire risk.Prime Minister Justin Trudeau’s government has set a goal of protecting 30% of Canada’s lands by 2030. About 13% is currently protected, Nighbor said.
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