The Northern Development Initiative Trust is rolling out a new  fund to  help small  forestry related businesses  research and develop new  technologies and techniques. The fund will provide up to $1 million dollars in grants over a two year period for small and medium sized companies and community forests involved in  logging,  processing  and  transporting …

An Ontario judge has ruled that accounting regulators can pursue disciplinary action against former Sino-Forest Corp. chief financial officer David Horsley, who is facing a possible two-year suspension from working as an accountant. Mr. Horsley argued that the Chartered Professional Accountants of Ontario (CPAO) should not be allowed to hold a hearing in his case…

The new Forest Enhancement Society of B.C., supported by $85 million in government funding, will focus its efforts on wildfire risk reduction to complement the ministry’s existing forest stewardship programs and world-class wildfire suppression capabilities. Forests, Lands and Natural Resource Operations Minister Steve Thomson provided details of the society in his keynote speech at the…

The province has announced a new forest society which will be supported by $85 million in government funding. The new Forest Enhancement Society of B.C. will focus its efforts on wildfire risk reduction and concentrate its activities on forest rehabilitation, habitat restoration, awareness programs, as well as risk reduction. The work of the Forest Enhancement…

Conifex Timber Inc. reported that 4Q 2015, revenues increased to $100.5 million from $95.2 million in the 4Q 2014. Operating income increased to $1.6 million in the 4Q 2015 from $0.6 million in the same quarter last year, as the inclusion of the results of our bioenergy segment more than offset a decline in operating income…

A mill shutdown in Port Alberni that resulted in close to 100 workers being laid off is symptomatic of a much larger problem as timber harvesting contractors up and down the BC coast are struggling to be sustainable in the face of consistently low rates. Western Forest Products (WFP) Alberni Pacific Division mill sent home…

Weyerhaeuser Company (NYSE: WY) today announced the completion of the merger with Plum Creek Timber Company, Inc. Shareholders of both companies approved the transaction at separate special meetings of shareholders held on Feb. 12, 2016. The combined company retains the Weyerhaeuser name and continues to be traded under the WY ticker symbol on the New York Stock…

Norbord Inc.  today announced that its shares have been authorized for listing on the New York Stock Exchange (NYSE).  Norbord expects its shares to begin trading on the NYSE on February 19, 2016 under the symbol “OSB”.  The Company will retain its primary listing on the Toronto Stock Exchange (TSX), but is changing its ticker…

The province is blaming an expected drop in forestry royalty revenues in the coming year on an unforeseen glut of wood on the market. Natural Resources Minister Denis Landry says that means companies will log less in the coming year, which will translate into less revenue for the government. Landry says sawmill yards are full…

Resolute Forest Products Inc.’s stock price plummeted Thursday on declining sales and a larger-than-expected fourth-quarter loss. The Montreal-based company’s shares were off 23 per cent – or $1.67 – at $5.60 in early afternoon trading on the Toronto Stock Exchange. Sales fell 15 per cent to $894-million (U.S.) in the fourth quarter. The loss for…