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 is facing the threat of expulsion from the group that manages a widely used international forest certification system. The Forest Stewardship Council (FSC) said Thursday its international board will decide in March whether to recommend that its 800 members vote to remove the Quebec-based company, the second-largest holder of FSC certifications in…
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…
As Resolute Forest Products was releasing the results of its fourth quarter and 2015 operations, the Forest Stewardship Council (FSC) was criticizing the company’s alleged “unwillingness” to be involved in mediation efforts to resolve its suspended Canadian FSC certificates. The FSC said Thursday it has now abandoned its efforts to engage Resolute in such a…
As public relations coups go, it doesn’t get better than the deal finalized last week by the B.C. government, industry, environmentalists and First Nations to protect all but 15 per cent of the Great Bear Rainforest from commercial logging. Years in the making, it’s being hailed as a mature approach to sustainable development that has…
Jacqui Beban is used to being the only woman in the room. Practically since birth, she has been exposed to the male-dominated and macho logging business. And last month she became the first female president in the 73-year history of the organization that speaks for the B.C. coast’s forestry industry. Nanaimo-born Beban, 40, was vice-president…
There’s a new group in Ontario looking out for the interests of the agriculture and forestry sectors. Initiated by the Grain Farmers of Ontario, the Federation of Northern Ontario Municipalities (FONOM), the Northwestern Ontario Municipal Association and stakeholders from the forestry sector, Growing Ontario will raise awareness of the important contributions of forestry and agriculture…
B.C. Premier Christy Clark is expressing hope the Trudeau government can overcome U.S. resistance and renew a softwood lumber deal that brought peace to Canada-U.S. trade relations a decade ago. “The last time … relations around softwood lumber went sideways, [Canada’s] whole relationship with the United States went off the rails,” Clark told reporters in Ottawa Thursday….
Today, Two Sides North America released a new study outlining key facts on why paperless initiatives do not save trees. Findings point to mounting evidence that loss of markets for paper and other wood products, a large portion of which are produced from wood harvested on privately-owned land, increases the risk of forest loss. The study was conducted…
Erickson Incorporated, a leading global provider of aviation services, has renewed a longstanding contract for aerial timber harvesting with Vancouver-based Western Forest Products (WFP), one of the largest lumber producers in Canada. This is Erickson’s second timber harvesting contract renewal this year. Last month, the company renewed a separate timber-harvesting contract with Helifor in Western…