Sawmills face permanent closures while mining and energy see significant investment
For B.C.’s resource sector, 2024 was a year of openings and closings, beginnings and endings. While one cornerstone industry, forestry, was battered with sawmill closures, it was something of a banner year for mining, and oil and gas. While two new gold mines and one oil pipeline was commissioned, three sawmills were permanently shuttered.
In September, Canfor announced the closure of its Plateau sawmill in Vanderhoof, and its sawmill in Fort St. John In June, the Haisla First Nation and industry partner Pembina Pipeline Corp. announced a final investment decision on the $5.5 billion Cedar LNG project in Kitimat. In December, BC Hydro announced nine new wind farm projects, valued at $5 billion and $6 billion, had been approved through a new power call. The projects will have a capacity totalling 3,000 gigawatt hours of power, with First Nations having equity stakes in them.
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