Burns Lake Community Forest to distribute profits

The three stakeholders will share $1.5 million according to an existing profit distribution model.

The Burns Lake Community Forest (BLCF) has announced that it will distribute funds to its stakeholders: the Village of Burns Lake (VBL), the Burns Lake Band (BLB), and the Wet’suwet’en First Nation (WFN).

The three stakeholders will share $1.5 million according to an existing profit distribution model.

The Village of Burns Lake will receive 64 per cent, BLB will receive 18 per cent and WFN will receive 18 per cent.

There hasn’t been a regular public meeting of BLCF board of directors since April 25, 2013, but the board has been working on restructuring BLCF operations.

According to the VBL press release announcing the funding distribution, ‘The three governments will be meeting in the coming months to discuss restructuring in detail.’

After this meeting of governments, the BLCF should be in a position to have the direction it needs to be able to complete restructuring sometime in 2014.

Albert Gerow, BLB Chief, said,“These funds will be of benefit to all of our communities, and we are very happy to see them being distributed.”

Karen Ogen, WFN Chief, said, “Coming to a mutually beneficial agreement with the stakeholders of [BLCF} shows our potential for future collaborative efforts for the benefit of the community.

 

Just Posted

Caution urged if out in the forest

Dry conditions, lightning spark many fires

115 new wildfires burning across B.C. due to 19,000 lightning strikes

More fires expected to start today, says BC Wildfire Service officials

Wilf Adam pursues fourth term as Lake Babine Nation chief councillor

Says there is unfinished business to take care of

Marijuana to be legal in Canada Oct. 17: Trudeau

Prime Minister made the announcement during question period in the House of Commons

Highway to Granisle to be sealcoated

Project to be completed by this fall

VIDEO: B.C.’s ‘unicycle cowboy’ aspires to be rancher one day

Burklan Johnson has only ridden a horse once, but this unicyclist has big plans to become a cowboy.

Rescued Oregon family simply unprepared for adventure, RCMP say

Agencies now helping the group of four get to their destination in Alaska

Large B.C. tree dies after possible poisoning

Police and District investigate after large chestnut tree’s rapid decline

Canucks release 2018-19 season schedule

Vancouver to face Calgary Flames on Wednesday, Oct. 3, for home opener

VIDEO: Luxury Home and Design Show opens with Italian flare

Event set to run Friday to Sunday at BC Place in Vancouver

Small new charge on BC Hydro bills goes toward new crisis fund

The new fund aims to help customers who find themselves in financial emergencies

UPDATED: Crown appeals B.C. polygamous leader’s acquittal in child bride case

James Oler had been charged with taking his underage daughter to the U.S. to marry her off

Fake cops ‘arrest’ woman, steal $6,000 in latest CRA scam

Vancouver police urge people not take calls from anyone saying they’re from the Canada Revenue Agency

Study shows increase in mountain bike tourism in B.C.

Numbers are up, way up, for bike-related visits to the province

Most Read