Forest Products Association of Canada (FPAC) President and CEO Derek Nighbor issued this statement following the release of the federal government’s 2024 Fall Economic Statement:
"Last year, to respond in part to massive manufacturing investment incentives announced in the United States, the Trudeau government’s 2023 Fall Economic Statement pledged to expand the Clean Technology Investment Tax Credits for biomass heat and electricity generation projects – to encourage millions in investments in capital upgrades and manufacturing jobs in Canada. More than a year later, we’re still waiting and it's putting the ability of our sector to compete globally for strategic investment at risk.
The swift implementation of the Clean Technology Investment Tax Credits must be a bigger priority for this government if it is to ensure that Canada can be a destination of choice for clean technology and manufacturing investments."
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 $98B, Canada’s forest products sector is one of the country’s largest employers operating in hundreds of communities, providing 200,000 direct 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.
