Canadian Forest Industry Sees Some Opportunities in Federal Budget
In the budget tabled by Finance Minister Bill Morneau today, he earmarked:
•$1.8 billion to support clean technology. It is critical that the forest products sector is central to the government’s clean tech strategy. These investments will help our sector develop environmentally friendly products in areas of bio-fuels and bio-materials while helping to reduce carbon in the atmosphere.
•$40 million over 4 years – starting next year – to support projects to increase the use of wood in buildings and infrastructure. This is an important program to support the use of sustainably sourced Canadian wood and since wood stores carbon, this a great way to further address climate change. click Read More below for additional detail