Zimmer says Canfor’s plan to sell Fort Nelson Forest Tenure to Peak Renewables is good all around

FORT NELSON, B.C. – Earlier this week, Canfor had announced it had reached a deal with Peak Renewables involving the sale of the Company’s forest tenure in Fort Nelson.

Bob Zimmer, Member of Parliament for Prince George-Peace River-Northern Rockies, says this is good news for not only the local economy and the industry but for the province as a whole.

“This is great news for Fort Nelson and for British Columbia as a whole. I know that Mayor Gary Foster and Council have worked hard to promote forestry in the region and this announcement is an important step in revitalizing the industry and bringing vital jobs back to the community.”

In addition, Zimmer congratulates all parties involved in reaching an agreement and looks forward to seeing the future benefits of this deal.

“Congratulations to Brian Fehr and Peak Renewables, as well as Don Kayne and Canfor for reaching this agreement. I look forward to the final approval of this deal and seeing the future benefits to our region.”

The transactions are subject to customary closing conditions, including approval from the B.C. Minister of Forests and the closing of the agreements is expected to occur in the first quarter of 2021.

Canfor says the agreements follow Peak Renewables’ purchase of Canfor’s Fort Nelson mill assets in the third quarter of 2020.