The Province is supporting the growth of an Indigenous-led forest bioeconomy with new funding for First Nations to develop innovative forest-based products that will reduce the use of petrochemicals and store carbon for the long term. With $3.9 million in CleanBC funding over three years to expand the Indigenous Forest Bioeconomy Program, the Province has launched a new accelerator stream that provides additional funding for First Nation projects at the pilot, commercialization or scale-up phases. The Indigenous Forest Bioeconomy Program focuses on using waste that is left over from logging, wildfire debris and damaged wood to make new, low-carbon forest-based products, while increasing the participation of First Nations in the forestry sector. “We are taking action to build a sustainable, innovative forestry sector and create new opportunities for workers, communities and First Nations,” said Katrine Conroy, Minister of Forests.