By Sonal Gupta, Local Journalism Initiative Reporter, Canada’s National Observer The BC Supreme Court has dismissed a lawsuit from Teal Cedar Products, a forestry company, which claimed it lost millions of dollars due to new timber rules in Haida Gwaii, a remote archipelago off the West Coast. The company argued that the new regulations unfairly devalued their forest tenures. The rule changes included reducing the amount of timber that could be harvested and implementing conservation measures. Teal, which owned forest licenses affected by the regulations, claimed these changes amounted to “constructive expropriation,” meaning the government’s actions took away the value of their property rights, without formally seizing the property. Chris Tollefson, a University of Victoria law professor and public interest lawyer who represented the Haida Gwaii Management Council at the…