{"id":670836,"date":"2026-05-15T09:02:20","date_gmt":"2026-05-15T09:02:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/670836\/"},"modified":"2026-05-15T09:02:20","modified_gmt":"2026-05-15T09:02:20","slug":"federal-government-invests-12-million-in-b-c-forestry-sector","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/670836\/","title":{"rendered":"Federal government invests $12-million in B.C. forestry sector"},"content":{"rendered":"<p>\n\t\t\t\tBy Marissa Birnie<\/p>\n<p>\t\t\t\t\t\t\t\t\t\tThe Canadian Press\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\tPosted May 14, 2026 6:28 pm<\/p>\n<p>\n\t\t\t\t\t\tUpdated May 14, 2026 9:24 pm\n\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t1 min read\n\t\t\t<\/p>\n<p>\t\t\tDescrease article font size<\/p>\n<p>\t\t\tIncrease article font size<\/p>\n<p>The federal government has announced it is investing about $12 million in British Columbia\u2019s forestry sector, days after other tariff-hit Canadian industries were offered $1.5 billion in support.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/70c8fc80.png\" alt=\"\" style=\"position:absolute;width:1px;height:1px\" referrerpolicy=\"no-referrer-when-downgrade\"\/><\/p>\n<p>Energy Minister Tim Hodgson made the announcement at Terminal\u00a0Forest\u00a0Products, a sawmill in Richmond, B.C., on Thursday.<\/p>\n<p>Hodgson says the funding will prioritize 14 projects that use low-carbon wood technology, expand the use of mass timber in construction, or are Indigenous operated.<\/p>\n<p>\t\t\t\t\t\t<img decoding=\"async\" class=\"c-video__image\" alt=\"Click to play video: 'Reaction to report into future of B.C. forestry'\" width=\"640\" height=\"360\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/2026_02_03_FORESTRY_REVIEW_WEB.jpg\" loading=\"lazy\"   data-\/><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2:02<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tReaction to report into future of B.C. forestry\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>He says the investment is part of Canada\u2019s strategy to diversify its wood production and become less reliant on the United States amid its \u201cunjust\u201d tariffs.<\/p>\n<p>\n\t\t\tMore on Economy<br \/>\n\t\t\tMore videos\n\t\t<\/p>\n<p>Story continues below advertisement<\/p>\n<p>Asked about the size of the funding in light of the $1.5-billion commitment to sectors including steel, aluminum and copper last week, Hodgson says the federal government has previously committed $2.5 billion in support for the forestry sector.<\/p>\n<p>\t\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/01\/1767930311_275_national.jpg\" alt=\"Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.\"\/><\/p>\n<p>\t\t\t\t\tGet daily National news<\/p>\n<p>Get daily Canada news delivered to your inbox so you&#8217;ll never miss the day&#8217;s top stories.<\/p>\n<p>British Columbia Premier David Eby was critical of the federal government after last week\u2019s tariff relief omitted the lumber industry, which has been combating U.S. duties and fees for decades.<\/p>\n<p>Eby said he was concerned that it was prioritizing other sectors of the economy over B.C.\u2019s\u00a0forest\u00a0sector.<\/p>\n<p>Hodgson says the federal government is working \u201cconstructively\u201d with the province.<\/p>\n<p>\n\t\t&amp;copy 2026 The Canadian Press\t<\/p>\n","protected":false},"excerpt":{"rendered":"By Marissa Birnie The Canadian Press Posted May 14, 2026 6:28 pm Updated May 14, 2026 9:24 pm&hellip;\n","protected":false},"author":2,"featured_media":670837,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,8334,46,21402,4992],"class_list":["post-670836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-donald-trump-tariffs","tag-economy","tag-forestry-industry","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/670836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=670836"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/670836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/670837"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=670836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=670836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=670836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}