New Brunswick releases 25-year agreement with J.D. Irving for its forestry operations on Crown land, will release province's agreements with other forestry companies over the coming weeks; Green party leader says deal gives Irving 25% more softwood

Audrey Dixon

Audrey Dixon

FREDERICTON, New Brunswick , April 24, 2014 () – An agreement between J.D. Irving Ltd. and the New Brunswick government for the company's forest operations on Crown land has been released by the province.

Natural Resources Minister Paul Robichaud says he will also release the agreements the province signed with other forestry companies when they are finalized in the coming weeks.

The Irving contract is for 25 years but could be extended by five years if regular reviews of the company's performance are satisfactory.

Green party Leader David Coon says the deal gives Irving 25 per cent more softwood allocation from Crown lands and is designed to ensure the sustainability of the company, not the forest.

The company couldn't be reached for comment.

Last month, the New Brunswick government released a new 10-year forestry strategy allowing the harvest of an additional 660,000 cubic hectares of softwood a year — a hike of 20 per cent from existing levels.
© 2014 The Canadian Press. All rights reserved.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.