OTTOWA, Ont. - The Forest Products Association of Canada (FPAC) says it is pleased to see today’s federal budget put strong emphasis on climate change initiatives, innovation and research and development.
FPAC says the budget submitted by the Minister of Finance, Bill Morneau, includes a $1 billion fund over four years to support clean technology for the forest sector as well as other resource industries. The budget also heavily invests in climate change and clean technology initiatives including $2 billion over two years for a Low Carbon Economy Fund and $40 million to integrate climate resilient changes to building codes.
Minister Morneau said that forestry is a good example of a sector where the government can help to facilitate the shift to a cleaner economy and ensure good jobs in rural areas. The $59-billion-a-year forest products industry represents 2 percent of Canada’s GDP and is one of Canada’s largest employers operating in hundreds of communities and providing 230,000 direct jobs across the country
“Canada’s forest products industry is innovating and positioning ourselves to be part of the solution to climate change. We are producing an array of new innovative bio-products that can replace materials made from carbon-intensive fossil fuels.” says the CEO of FPAC, Derek Nighbor. “FPAC looks forward to working with Canada’s forest product companies and the federal government to pave the way to a robust and low carbon economy.” Nighbor was named CEO of the forest products association last month.
“We also applaud the emphasis on the new Innovation Agenda as outlined in this budget. Certainly our sector wants to work with government and be an important part of the clean technology and innovation conversation,” says Nighbor.
Have something to say? Share your thoughts with us in the comments below.