A new agreement has been made between the Lake Babine Nation Forestry Limited Partnership and West Fraser.
“This agreement recognizes the central role the Lake Babine Nation has in stewarding resources in its traditional territory, while providing a measure of fiber security for West Fraser,” said Sean McLaren, President & CEO, West Fraser.
“Partnerships like this one will be key to restoring a thriving forest sector in the province.”
This will combine their local tenure volumes into a single First Nations Woodland License (FNWL) held by the First Nation.
“The Joint Development Agreement and the associated FNWL will empower Lake Babine Nation and LBN Forestry to manage the forests and conduct forestry in keeping with our stewardship priorities and contribute to our Nation’s prosperity,” said Chief Murphy Abraham.
“This agreement will contribute to the durability of forestry in our region and deliver employment and long-term benefits to the Lake Babine people, other residents, and the regional forestry sector.”
Both the Bulkley and Morice Timber Supply Areas will contribute lumber to the FNWL.