Action Group: Divestment from forest-removal companies
Among the 20 largest companies competing in BC’s over-sized forest-removal industry, there are 9 that are publicly traded. They are each responsible for large releases of greenhouse gases and a loss in carbon sequestration capacity as a consequence of their operations. Each company’s operations contribute to the decline in wildlife habitat and populations. In the midst of the climate emergency and biodiversity collapse, it is unethical to hold investments in such companies. The Evergreen Alliance is building a science-based case to encourage investors in these companies to divest their shares.
FOUR PUBLICLY TRADED COMPANIES were directly responsible for about 37 percent of the total volume of forest cut on public land in BC in 2020. The four companies are Canfor, Interfor, West Fraser Timber, and Western Forest Products. It's likely these companies bought a considerable additional volume of logs to feed their various mills.
Unless the volume of forest cut by these four companies and their contractors is reduced, little progress can be made toward resolving the ecological degradation, economic stagnation and physical threats they are creating.