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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

China Investment Corporation eyes BC forests, spells FIPA danger

Posted on 14 December 2012

The China Investment Corporation (ICI), one of the world’s largest sovereign wealth funds, is set to become a powerful landowner in British Columbia if a $100 million deal with Island Timberlands, the second-largest owner of private forests in the province, goes through.
The Ancient Forest Alliance (AFA) is concerned that closure of the deal, especially in light of Canada’s pending ratification of the Foreign Investment Protection and Promotion Agreement (FIPA), could have negative consequences for protection of BC’s treasured old-growth forests, forestry jobs, and the rights of First Nations, according to an AFA press release………………………………………..Full Article: Source


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