170 million acres covered in largest deal of its kind

OTTAWA – Most of Canada’s largest forestry companies announced a groundbreaking deal with environmental groups Tuesday that will restrict logging in the country’s vast northern forests.

The agreement covers 170 million acres — an area nearly twice the size of Germany — and ends years of battles over logging in Canada’s massive boreal forest, which environmentalists say helps fight global warming by absorbing large amounts of carbon dioxide.

The forestry companies will stop all logging immediately on 75 million acres to protect woodland caribou herds under pressure from development. The two sides will then spend three years working out which restrictions to impose on logging in the remaining 95 million acres.

Read more here.