Le Lézard
Classified in: Oil industry, Environment, Science and technology, Business
Subjects: FNC, NTA, CFG

Canada Strengthens Indigenous Innovation in Saskatchewan's Forest Sector


SASKATOON, Aug. 14, 2019 /CNW/ - Canada's forest sector continues to be an important source of employment across the country, including in rural, remote and Indigenous communities in Saskatchewan. That is why Canada is investing in projects to equip Indigenous communities with tools to build greener businesses and promote economic stability in the forest sector.

Canada's Minister of Natural Resources, the Honourable Amarjeet Sohi, today announced a $3 million investment in Meadow Lake Tribal Council Industrial Investments LP to modernize its NorSask Forest Products facility with necessary upgrades and innovative technologies.

The new and improved facility will significantly enhance efficiency and reduce energy consumption while sustaining hundreds of jobs and driving economic growth in the region.

The funding is provided through the Indigenous Forestry Initiative (IFI) program, which supports Indigenous-led economic development opportunities in Canada's forest sector. By investing in forest sector technologies, we can provide greener solutions that will help tackle climate change and transition toward a low-carbon economy.

Through Budget 2019, the Government of Canada committed an additional $12.6 million over three years for the IFI program. This investment will support the continued development of new forest-based technologies and products that reduce greenhouse gas emissions and help Indigenous communities increase and diversify market opportunities.

Meadow Lake Tribal Council Industrial Investments LP is a for-profit organization that has been in forestry management since 1987 and acquired a 100 percent stake in NorSask in 1998. NorSask is a lumber manufacturer and the largest, wholly First Nations?owned sawmill in Canada.

Quotes

"Investing in Indigenous-led businesses in Canada's forest sector supports economic growth and job creation in Indigenous communities while promoting clean energy solutions for future generations. We are proud to support the NorSask facility as it invests in new innovative technologies that will sustain hundreds of jobs in northwest Saskatchewan."

The Honourable Amarjeet Sohi
Canada's Minister of Natural Resources

"The funding received by the Meadow Lake Tribal Council (MLTC) from Natural Resources Canada's Indigenous Forestry Initiative is a strong statement of support by the federal government for forest-based economic development among Indigenous communities. Specifically, the financial support provided by NRCan undergirds 30 years of MLTC ownership, investment, employment opportunity and growth in the forest product manufacturing sector in northwest Saskatchewan. Through this kind of affirmative action, the federal government demonstrates its commitment to ensuring ongoing and sustained participation of Indigenous communities in forestry-based economic opportunities."

Richard Ben
Tribal Chief, Meadow Lake Tribal Council

Associated Links
Indigenous Forestry Initiative
Meadow Lake Tribal Council Industrial Investments LP

Follow us on Twitter: @NRCan (http://twitter.com/nrcan)


SOURCE Natural Resources Canada


These press releases may also interest you

at 16:27
Dominion Energy Ohio warns customers not to provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits...

6 déc 2019
Ranked by Navigant Research among the top companies offering microgrid controls, Encorp provides key technology enabling microgrids to deliver resiliency, renewable integration, and economic optimization services. Encorp recently released its Egility...

6 déc 2019
Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received a further extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL...

6 déc 2019
The Board of Directors of PNM Resources today unanimously voted to increase the company's annual dividend payment by $0.07, a 6.0 percent increase, to an indicated annual rate of $1.23 per share of common stock. This is consistent with the company's...

6 déc 2019
Today, Southern California Gas Co. (SoCalGas) helped spruce up a community center for families living in affordable housing in Rancho Cucamonga, enlisting employee volunteers and donating $10,000 to the non-profit organization which runs the...

6 déc 2019
Following the overwhelming success of the InterLubric show and conferences in Guangzhou last year, the 21st China International Lubricants and Technology Exhibition (InterLubric China), managed by Shanghai Intex Exhibition Co., Ltd., will take place...



News published on 14 august 2019 at 13:41 and distributed by: