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General News · 26th December 2011
Carrie Saxifrage
Today, when you google “Brookfield Asset Management” the VO article comes up on the first page. That article links to the petition. We are on BAM’s radar, being heard. Please keep up the great work of connecting the petition to those who love the vibrant, intact ecosystems at the heart of Cortes Island!


VO article:

Some of the comments on the VO article are about logging and jobs. Long term employment comes from maintaining ecological integrity (tourists avoid clear cuts because they are depressing - people spend money visiting Cortes because it is beautiful) and from value-added processing of wood in BC.

Long term forest jobs are killed by forest liquidation at the rate performed by Island Timberlands and by conversion of forest land to residential land.

Distant corporate ownership not only destroys ecosystems, it destroys jobs. After purchasing Weyerhaeuser, Brascan/BAM separated private managed forest lands into one corporation (Island Timberlands) and Crown land tenure and mills into another corporation (Cascadia Forest Products, now owned by Western Forest Products, in which BAM is still “a major player”). The trees from Island Timberlands privately managed forest are exported to Asia and the US. Cascadia/Western Forest Products Forest Products closed Vancouver Island mills because, without the private managed forest lands, there weren’t enough logs to sustain them. Meanwhile, in the US mills were retooled and harvest levels were reduced for conservation purposes. Long term forest management means long term forest employment.

Global capital has no stake in local employment and IT’s parent company has grown ever more distant. In 2008, Brookfield Asset Management created a new corporation to own its timberlands which include Island Timberlands. It retained ownership of 40% of the new corporation, called Brookfield Infrastructure Partners. BIP is incorporated in Bermuda, where it is exempt from Canadian taxes and enforcement of Canadian civil judgments.

Occupy the forest! Keep circulating the petition!