Potential impacts of a $100 million dollar deal between China Investment Corporation (CIC) and Brookfield Asset Management Inc, the majority shareholder in Island Timberlands (IT), have made headlines internationally and alarmed activists in British Columbia. The story was first reported in early November by the Wall Street Journal.
Here are a series of articles in the Sing Tao Daily News, a major Chinese-language newspaper in Vancouver, about the biggest trees of Vancouver that also features the Ancient Forest Alliance and our campaign to protect them!
Conservationists renew call for BC Liberals to commit to restoring and expanding a “BC Park Acquisition Fund” to purchase and protect endangered forests on private lands.
Last week, Cortes environmentalists, residents and supporters repeatedly blocked Island Timberlands’ crews from beginning logging operations near Basil Creek. Zoe Miles, a member of Wildstands, says the community has attempted to work with the company for more than four years to develop an ecosystem-based approach to forestry. “The community is now left with no choice but to stand in Timberlands’ path to defend these ecologically significant forests.”
Residents of an idyllic island off the west coast of Canada are facing off against corporate opponents set to include a Chinese sovereign wealth behemoth, the US$480 billion China Investment Corporation (CIC).
Cortes Island residents who blockaded roads for a week in a fight to modify logging plans say they are hopeful talks with Island Timberlands can lead to a compromise.
Cortes Island forest activists and residents celebrated today as Island Timberlands (I.T.) withdrew crews and announced that they would not attempt to move forward with operations for at least a week.Tensions on the island had been rising since the residents gathered to stage a logging blockade broke at the end of last week.
Environmental groups were preparing for another round of the war-in-the-woods after logging tape was found this summer near Castle Grove and the "Castle Giant." The western red cedar has a five-metre diameter and is listed in the B.C. big tree registry as one of the widest in Canada.
A Cortes Island blockade of Island Timberlands went into its third day Thursday as swelling ranks of environmentalists, residents and their children maintained a human shield against the logging company’s crews and equipment.
Follow to the link to watch the news video coverage.
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