Resolute Forest Products (NYSE:RFP)’s share pricetraded down 12.4% during trading on Thursday following a dissappointing earnings announcement, American Banking and Market News reports. The stock traded as low as $12.87 and last traded at $13.23, with a volume of 639,052 shares. The stock had previously closed at $15.11. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters…
When Jonathan “Scooter” Clark began planting trees for a living in 1990, his work camp was “bush league” at best. By comparison, the modern-day tree planters seem like a spoiled bunch. “We had two station wagons in our first camp, and a couple of two-wheel-drive trucks,” said Clark, 46, who works in a camp that…
Unlike the Great Wall of China, a 5,000-mile fortification dating back to the 7th century BC that separates northern China from the Mongolian steppe, the Great Green Wall of China—otherwise known as the Three-North Shelter Forest Program—is the biggest tree planting project on the planet. Its goal is to create a 2,800-mile long green belt…
James (Jim) D. Irving was invested in the Order of Canada in Ottawa today. Irving was one of 38 members, 10 officers and two companions recognized by Governor General David Johnston in a ceremony at Rideau Hall. Irving was cited for outstanding business and community leadership that has helped to strengthen the Maritime economy by creating…
While the City of Calgary is working double-time to get through even a portion of the damaged trees from ‘Snowtember’, individual Calgarians also have a lot of work left to do. Tree Canada has sent representatives to Calgary’s Disaster Alley on Saturday, to announce some help in the form of $83,000. Mike Rosen, president of…
The annual number of forest fires this year is the highest it’s been in a decade, according to the province’s forest fire prevention agency (SOPFEU). In Quebec, 192 fires burned more than two million square metres (two square kilometres) of forest since the start of 2015. In the month of May alone, five forest fires popped up in eastern…
The parking lot at Vernon’s Kal Tire Place is filled with large-scale forestry equipment this week. It’s part of an annual industry trade show and conference put on by the Interior Logging Association (I.L.A.). Organizers estimate attendance is up about 25 per cent compared to last year and many attendees are bullish about the industry’s…
The news has gone from bad to worse for the city’s ash trees. Even many of the trees the city hopes save by injecting them with a pricey insecticide are dying. And it’s having trouble finding specimens that are healthy enough to be injected. The city aims to inject 800 of Hamilton’s most significant ash trees…
The managed forest initiative, established in cooperation with World Wildlife Fund China, is a multi-year plan that brings Apple closer to its goal of achieving net-zero impact on the world’s virgin fiber. As the world’s largest timber importer, China will also see benefits from growing and harvesting its own wood in a sustainable manner. “Forests,…
After seeking a renewal to their energy selling agreement with the provincial government for over a year in order to remain open, the Cochrane Power plant will be shut down if doesn’t get a new contract, or an extension to its current one, by midnight tonight. Northland Power, which owns the plant, has until tonight…