Fall Economic Statement Recognizes Biomass Technologies as Necessary to Reducing Emissions and Improving Canadian Competitiveness

  |  
November 21, 2023

Forest Products Association of Canada (FPAC) applauds the federal government’s decision to include forest biomass conversion technologies for heat and electricity generation in its Clean Technology and Clean Electricity Investment Tax Credits (ITCs). The move was announced in today’s Fall Economic Statement tabled in the House of Commons by Finance Minister Chrystia Freeland.

“This decision marks a significant step forward to grow Canada’s forest bioeconomy and will encourage additional market use for low-grade wood in the face of worsening fire patterns,” said FPAC President and CEO Derek Nighbor. “It's good news for forestry workers and communities because this will improve our sector’s international competitiveness position in the face of similar incentives in the United States and Europe. We absolutely needed this to be able to compete for global investment in the months and years ahead.”

Forest biomass is a powerful source of carbon-neutral, renewable energy that converts wood residuals like sawdust, branches, and bark into energy and lower carbon fuels.

“We are ready to work with the federal government on implementation so we can move Canada into a much stronger position as a destination for forest sector and renewable energy investment,” Nighbor added.

FPAC provides a voice for Canada’s wood, pulp, and paper producers nationally and internationally in government, trade, and environmental affairs. As an industry with annual revenues exceeding $73B, Canada’s forest products sector is one of the country’s largest employers operating in hundreds of communities, providing 205,000 direct jobs and over 600,000 indirect jobs across the country. Our members are committed to collaborating with Indigenous leaders, government bodies, and other key stakeholders to develop a cross-Canada action plan aimed at advancing forest health, while supporting workers, communities, and our environment for the long term.

For more information contact:
Kerry Patterson-Baker
Vice President, Communications and Public Affairs
kpatterson-baker@fpac.ca
(613) 563-1441 x 314
Follow FPAC on LinkedIn
Categories
No items found.
September 15, 2025
Canada’s Forest Products Sector Applauds Build Canada Homes Initiative, Calls for Bold Action on Rapid Housing Delivery
FPAC welcomes the federal government’s creation of the Build Canada Homes (BCH) agency
Read This
September 15, 2025
Recognizing Canada’s Emerging Forestry Professionals
2025 Green Dream Interns share firsthand experiences
Read This
September 5, 2025
Canada’s Forest Sector Welcomes New Measures to Strengthen Strategic Canadian Industries 
Forest Products Association of Canada (FPAC) welcomes the federal government’s announcement of new measures to support trade-exposed Canadian businesses and employees and to enable economic transformation.
Read This
August 5, 2025
FPAC Welcomes Prime Minister Carney’s Support for Forest Sector Employees and Businesses
FPAC Welcomes Prime Minister Carney’s Support for Forest Sector Employees and Businesses
Read This
September 21, 2020
Lisa Raitt Honoured As Community Champion By Canada's Forest Products Sector
Forest Products Association of Canada recognizes former minister Lisa Raitt's leadership in the forestry sector with Forestry Community Champion award
Read This
November 13, 2019
The Search for Canada's Greenest Workforce
Canada's forest industry is a top employer and global leader in sustainability, forest management, clean technology and innovation
Read This
February 20, 2019
Opinion | Workforce Diversity - Canada's Forest Sector Branches Out
Forest Products Association of Canada embraces diversity and encourages women and indigenous to join the forestry workforce
Read This
August 25, 2025
Green Dream Poem | Green Dream Internship 2025
Green Dream Poem | Green Dream Internship 2025
Read This
August 13, 2025
Finding Your Place as a Woman in Forestry | Green Dream Internship 2025 | Blog
Finding Your Place as a Woman in Forestry | Green Dream Internship 2025 | Blog
Read This
August 11, 2025
Beyond the Cutblock: What Cabin Owners Taught Me About Forestry | Green Dream Internship | Blog
Beyond the Cutblock: What Cabin Owners Taught Me About Forestry
Read This
August 8, 2025
Career Pathways and Development: How West Fraser Builds Careers from Within | Green Dream Internship 2025 | Blog
Career Pathways and Development: How West Fraser Builds Careers from Within | Green Dream Internship 2025 | Blog
Read This
Related content currently unavailable for this article.