Our Transformation Plan
The Industry understands that the Province’s has important social and environmental goals in addition to economic ones.
We believe the BC Pulp, Paper and Bio-Product industry’s Value-Added Transformation Plan is well aligned with the Province’s most important social and environmental
priorities, including:
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Focus on green, sustainable, value-added products and manufacturing processes;
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Achieving zero carbon emissions
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Meaningful engagement of First Nations and rural communities;
The Economic Benefits of the Transformation plan are compelling
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Price Waterhouse Coopers (PWC) was hired to model the economic benefits of the $2.9 billion Transformation Plan and they estimated that it would add over $5 billion to Provincial GDP, nearly 30,000 job years of employment and almost $1.5 billion in incremental Provincial taxes over the next decade.
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In addition, PWC modelled the economic impact of avoiding further pulp and paper mill shuts (which are forecasted to continue to occur at a rate of one mill every 3 years). Avoidance of the economic losses from mill shuts was estimated to be another $9 billion to Provincial GDP, 50,000 job years and $2.5 Billion in Provincial tax revenues.
