Vancouver Island First Nations enter partnership with forest company

B.C. Premier David Eby speaks during a news conference, in Vancouver, B.C., Monday, June 26, 2023. A limited partnership between four Vancouver Island First Nations and one of British Columbia's major forest companies is being hailed as a path forward for the industry in the province. THE CANADIAN PRESS/Darryl Dyck

VICTORIA - A limited partnership between four Vancouver Island First Nations and one of British Columbia's major forest companies is being hailed as a path forward for the industry in the province.

The Campbell River area First Nations are acquiring a 34 per cent ownership stake in the new partnership with Western Forest Products Inc. for $35.9 million, with part of the funding coming from treaty agreements with the province.

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