Friday, February 8, 2013

Caribou Conservation May Cost Forest Industry

Caribou conservation efforts for the Abitibi River Forest will cost local forestry companies more than $100 million in reduced annual gross sales.
That is collectively a quarter in lost profits for the seven mills and six independent operators that have harvesting rights on the Abitibi River Forest.
Local communities are similarly expected to be impacted by immediate reductions of 20 to 25% in harvest areas, according to the 10-year Abitibi River Forest management plan which comes into effect April 1.