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Vernon-based Tolko welcomes First Nations revenue sharing announcement – Castanet

May 2, 2022

Vernon’s Tolko Industries says it welcomes news that First Nations will have a greater role and share in the profits of forestry in B.C.

“Tolko welcomes the British Columbia government’s announcement that it will increase the amount of forestry revenues that will be shared with First Nations across the province. This is a step in the right direction in terms of reconciliation with Indigenous peoples,” the Vernon-based company said in a statement.

“It is meaningful action with real commitment to the government’s stated intentions to modernize provincial forest policy, including as it relates to the participation of First Nations in the forestry industry.”

Tolko has divisions in Armstrong, Lavington, Heffley Creek, Lake Country, Williams Lake, Soda Creek, Lumby, and is headquartered in Vernon. It also has operations in Alberta, Saskatchewan, and partnerships in the U.S.

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