VicForests losing millions, but promises ‘no massive forest furnaces’ under new RET deal
Leaked business and corporate plans from Victoria’s state-owned forestry business, VicForests, reveal multi-million dollar taxpayer losses and logging operations in parts of the state that ‘are not commercial’. This is especially the case in East Gippsland, where weak demand for poor quality logs has made operations unprofitable over ‘many years’. The leaked ‘commercial in confidence’ …
