Teck Investment Helps Protect 75,000 Hectares of BC’s Incomappleux Valley
January 25 2023 - 3:53PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today announced it has contributed $2 million towards the
conservation and protection of 75,000 hectares of globally rare
inland temperate rainforest in the Incomappleux Valley in
southeastern British Columbia as part of its goal to be a nature
positive company by 2030.
“Teck's contribution to the Nature Conservancy of Canada’s work
through projects like Incomappleux Valley will help us accelerate
the pace and scale of conservation in British Columbia. We applaud
their commitment to taking real and measurable action to become a
nature positive company by the end of the decade,” said Catherine
Grenier, President and CEO, Nature Conservancy of Canada. “When we
work together with Indigenous communities, governments, industry
and private citizens, we can achieve great results for nature.”
“Teck is taking action to protect nature through this
collaboration facilitated by the Nature Conservancy of Canada to
conserve and protect an intact, ancient tract of one of our
planet’s rare ecosystems in the Incomappleux Valley,” said Jonathan
Price, CEO, Teck. “This initiative supports Teck’s work to become a
nature positive company by helping protect nature in an area with
significant biodiversity and ecological importance. Tackling the
global challenge of nature loss requires collaboration between
industry, Indigenous communities, governments, and non-profits and
we are excited to support this important conservation
initiative.”
The Nature Conservancy of Canada, Government of BC, First
Nations whose territory includes the Incomappleux Valley and
Interfor worked together to explore options for conserving the rich
ecology and intact forests of the valley. Teck supported the
funding of the agreement alongside Wyss Foundation, Wilburforce
Foundation, and individual donors. This project was also made
possible by funding from the Government of Canada, through the
Canada Nature Fund.
Teck Partnering to Conserve Nature
Teck’s investment funded 37,500 hectares, or
half, of the total lands protected in
the Incomappleux Valley and brings Teck’s total
conservation investments to 51,500 hectares announced since 2022;
equal to four and half times the area of the City of Vancouver.
This work is aligned with Teck’s goal to become a nature positive
company by 2030 including through conserving, protecting or
restoring at least three hectares for every one hectare affected by
its mining activities.
Click here to learn more about Teck’s nature positive goal.
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Background – Incomappleux Valley
- The peak-to-valley landscape along the Incomappleux River is
diverse and spans alpine ecosystems, inland temperate rainforests,
valley bottom wetlands, streams, and lakes. The Incomappleux River
is a major tributary to the Columbia River. The river system
supports kokanee salmon and bull trout, as well as plentiful
waterfowl and wetland birds.
- The forests contain substantial areas of mature and old growth
trees, with some ranging from 800 to 1,500 years old. Researchers
have identified several at-risk species of plants, mosses and
lichen in this valley.
- Several species listed on the federal Species at Risk Act are
found in the Incomappleux Valley, including two endangered bat
species (northern myotis and little brown myotis), southern
mountain caribou (threatened) and cryptic paw, a lichen species of
special concern.
- The northern edge of the Incomappleux Valley project area abuts
Glacier National Park, increasing important habitat and
landscape-level connectivity for wide-ranging animals across the
southern interior mountains of BC.
- The project area includes 58,000 hectares which is now
designated as a provincial conservancy, plus an additional 17,000
hectares that is protected from commercial timber harvest.
Forward Looking Statements This news release
contains certain forward-looking information and forward-looking
statements as defined in applicable securities laws (collectively
referred to as forward-looking statements). These statements relate
to future events or our future performance. All statements other
than statements of historical fact are forward-looking statements.
The use of any of the words “will”, “intend”, “expect”, and similar
expressions is intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. These statements speak only as of the date of this news
release.
These forward-looking statements include, but are not limited
to, statements relating to: our goal to become a nature positive
company by 2030 and the actions we intend to take to achieve this
goal, including our intended donations and commitments to conserve
or rehabilitate at least three hectares for every one hectare
affected by mining activities; the expected use and impact of our
donations and our other nature positive initiatives. Actual results
and developments are likely to differ, and may differ materially,
from those expressed or implied by the forward-looking statements
contained in this news release. Such statements are based on a
number of estimates, projections, beliefs and assumptions which are
inherently uncertain and difficult to predict and may prove to be
incorrect, including but not limited to expectations and
assumptions concerning: the availability of land or other
opportunities for conservation, rehabilitation, or capacity
building in appropriate locations on commercially reasonable terms
and the ability to obtain any required external approvals or
consensus for such opportunities; our ability to achieve our nature
positive and biodiversity goals and the longer term impacts of
those goals and strategies on our business; environmental
compliance costs generally; and assumptions regarding the
development of our business generally and general economic
conditions. Factors that may cause actual results to vary include,
but are not limited to, actual biodiversity consequences;
unavailability of land or other opportunities for conservation,
rehabilitation or capacity building on commercially reasonable
terms or inability to obtain any required external approvals or
consensus for such opportunities; changes in laws and governmental
regulations or enforcement thereof that impact our operations,
goals or strategy and changes in commodity price, costs or general
economic conditions.
We caution you that the foregoing list of important factors and
assumptions is not exhaustive. Other events or circumstances could
cause our actual results to differ materially from those estimated
or projected and expressed in, or implied by, our forward-looking
statements. Inherent in forward-looking statements are risks and
uncertainties beyond our ability to predict or control. Further
information concerning risks, assumptions and uncertainties
associated with these forward-looking statements and our business
can be found in our most recent Annual Information Form filed under
our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov)
under cover of Form 40-F, as well as subsequent filings that can
also be found under our profile. We assume no obligation to update
forward-looking statements except as required under securities
laws.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK. Learn more about
Teck at www.teck.com or follow @TeckResources.
Teck Media Contact:Chris StannellPublic
Relations Manager604.699.4368chris.stannell@teck.com
Nature Conservancy of Canada Media
Contact:Lesley Marian NeilsonCommunications Director,
BC250-661-2969lesley.neilson@natureconservancy.ca
Teck Investor Contact:Fraser PhillipsSenior
Vice President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
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