Shares in Richmond-based Catalyst Paper (TSX:CYT) jumped more than 700% Tuesday after the company announced that Indian papermaker Kejriwal Group International is interested in acquiring it. The Mumbai, India-based company has committed to paying $6 a share for Catalyst shares not held by the company’s four largest stakeholders, prompting the surge in price for Catalyst…
A Nanaimo-based timber company has been ordered to pay a penalty of $135,000 after spilling roughly 3.75 million litres of untreated wastewater into the Northumberland Channel during a power failure. On June 26, 2013, Nanaimo Forest Products Ltd. — under the trade name Harmac Pacific— was sentenced by Environment and Climate Change Canada to pay up…
There are no fire restrictions in the North Bay area, but that doesn’t mean people should be complacent, says a spokesman for the Ministry of Natural Resources and Forestry. “You’ve got to keep in mind, we are still under spring conditions, and that can be extremely dangerous,” Shayne McCool, said Wednesday. “People aren’t aware of…
South of Caycuse Camp — Enough prime old-growth timber to build about 2,350 average-sized homes, about 70,000 cubic metres, is rotting on Vancouver Island mountainsides because of a disagreement between two companies. The trees were felled between 18 months and two years ago but left stacked beside logging roads or strewn across clearcuts where they are degraded by insects…
As the world’s nations work towards reducing their dependence on fossil fuels in favour of cleaner and more sustainable alternatives, industries must either adapt and innovate or face obsolescence. This fact is not lost on the Forest Products Association of Canada, which recently announced a plan for the sector to reduce its emissions by 30…
Millions of tiny wasps that are natural parasites for the emerald ash borer have been released into wooded areas in 24 states as the battle against the tree-killing borer is now biological. The U.S. Department of Agriculture has researched and approved for release four species of parasitic wasps that naturally target the larval and egg…
An environmental advocate says the wood pellet industry is damaging ecosystems in the United States and wants emerging jurisdictions like the Northwest Territories to proceed cautiously. Sasha Stashwick, a senior advocate with the National Resource Defense Council in New York City, said the international demand for wood pellets is growing dramatically, and weak regulations allowed clear-cutting in the southeast…
Simmering tensions between B.C. and Quebec, and between large and small Canadian lumber producers, will frame formal Canada-U. S. negotiations to take place here next week. The internal conflict adds to the challenge facing the Trudeau government as it tries to put together a unified approach against an adversary that has often tried to exploit…
Simmering tensions between B.C. and Quebec, and between large and small Canadian lumber producers, will frame formal Canada-U. S. negotiations to take place in Ottawa next week. The internal conflict adds to the challenge facing the Trudeau government as it tries to put together a unified approach against an adversary that has often tried to…
The life of an ancient colossus of the B.C. wilderness appears to be over. The Elaho Giant, a centuries-old Douglas fir growing in the Upper Elaho Valley, was caught in a wildfire last June. Although firefighters tried their best to save the famous tree, video shot this week shows a black, lifeless trunk and bare…