B.C. Budget 2023: Pandemic resource boom to crash in future years

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B.C. Budget 2023: Pandemic resource boom to crash in future years
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Overall, revenue from all natural\u002Dresource sources are expected to slide 21 per cent to $4.8 billion from the previous year.

The budget document, however, contained little in the way of support for B.C.’s stressed forest sector beyond the already committed $180 million B.C. manufacturing jobs fund.

And in an illustration of the overall industry’s decline, that 38 million cubic metres is down 61 per cent from a 62-million-cubic-metre harvest quoted in the 2016-17 budget document. However, in her speech Conroy said the effort “will provide greater opportunity for First Nations, local communities and industry to come together and plan for the future of land management.“

Eby already committed $77 million to speed up the provincial permitting process, including for natural resource projects that measure up to environmental standards.Article content

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