ICBA C&C #13: A Founding BC Industry Packs Its Bags

Interfor started as a coastal logging outfit in British Columbia in 1963. Sixty-three years later, its head office is packing up for Peachtree City, Georgia. Eighty-four per cent of its lumber sales are American now. Episode 13 of ICBA Coffee & Construction — the news that matters to the people who build British Columbia and Alberta, with ICBA's Jordan Bateman.

On today's show:

☕ THE BIG ONE: Interfor moves corporate functions from Burnaby to Georgia. The mills went south years ago — now the head office follows. And the numbers behind it: 15,000 B.C. forest sector jobs gone since 2022, 21 mills closed since 2023, and a harvest running 32 million cubic metres against the province's own 45-million target. That's a 13-MILLION-cubic-metre hole. Every year.

🛢️ CABINET NIMBYISM: The Eby cabinet approved FortisBC's $2-billion Tilbury LNG expansion in Delta — 1,100 construction jobs a year, $260 million in tax revenue, a Musqueam equity stake, cleaner marine fuel at the Port of Vancouver. Then a sitting cabinet minister went public against her own government's decision. What should have happened next? She should have resigned.

🎯 WHY LNG IS THE NEW TARGET: The campaign against Canadian energy has moved off pipelines and onto LNG — and the tactics have moved too. Off the regulators, onto the banks, the pension funds and the insurers. Plus the part that complicates the story: Cedar LNG is majority-owned by the Haisla Nation, Ksi Lisims is being developed with the Nisga'a.

🚧 WHERE THE WORK IS: RFPs for the first two Fraser River Tunnel work packages hit the market in early August. Nine years, zero lanes, and a price that's gone from $4.15 billion to $8.5 billion — but the work is real and the paperwork drops next week. Go get it.

🎙️ THIS FRIDAY — a special edition. Our first-ever guest: ICBA Alberta President Mike Martens on the $318 billion sitting in Alberta's project registry, the data centre wave, Dow's Path2Zero restart, and who on earth is going to build it all.

📊 Get the ICBA Economics briefing — the most helpful email you'll get all week: https://icba.ca/economics

#construction #bcpoli #BritishColumbia #forestry #LNG #Delta #PrinceGeorge #housing #ICBA