Resolute Forest Products Inc. today reported net income of $14 million (excluding special items), or $0.15 per share, for the quarter ended September 30, 2015, compared to net income of $15 million (excluding special items), or $0.16 per share, in the same period in 2014. Sales were $905 million in the quarter, down $191 million, or 17%, from the third quarter of 2014. GAAP net loss was $6…
The provincial government’s approval of clearcutting in a popular recreational area west of Calgary has raised the ire of local residents who fear the move could result in large fluctuations in water levels and potential flooding. Spray Lakes Sawmills has been authorized to cut a nine square kilometre section of land in the south Ghost…
Northeasterners who are digging deeper into their pockets to pay for firewood this season can add a new scapegoat to the roster of usual market forces: fracking. Yep, a timber industry representative in New Hampshire said those hydraulic fracturing well sites in Pennsylvania’s Marcellus Shale formation to suck natural gas out of the ground are…
Canfor Corporation reported a net loss attributable to shareholders (“shareholder net loss”) of $17.3 million, or $0.13 per share, for the third quarter of 2015, compared to shareholder net income of $11.1 million, or $0.08 per share, for the second quarter of 2015 and $45.5 million, or $0.34 per share, for the third quarter of…
Forestry services and other related industries have suffered recently in Nova Scotia, but a group of partners in western Nova Scotia is coming together to try and change that. Mark Shaw, a Windsor branch employee of the Department of Natural Resources, demonstrates a spacing/clearing saw during the DNR field day trip at the Oulton’s woodlot…
Liam Dewar, the director of Eurban Limited in London, England presented Timber for the Masses at the Wood Solutions Fair in downtown Vancouver. Dewar discussed the evolution of mass timber in the U.K. It started with nail laminated timber (NLT) and its use was accepted and grew. He said that NLT does have some challenges…
With the federal election now behind us, the new prime minister can and must promote the economy and the environment in the first few weeks of his mandate. The foundation for both future economic stability and environmental sustainability will be laid for decades to come based on two significant global initiatives — the Trans-Pacific Partnership…
The changing colour of leaves is an impressive annual spectacle, but it can make one wonder, why bother creating something so beautiful just before it withers away? Well that wonder exists in the scientific community as well, says one McMaster University professor, who said there are two prevailing theories, with no clear cut answer, on why leaves turn from green to red….
BC Hydro has made adjustments to the routing of its planned new 287kV power line that will extend from the Skeena Substation in Terrace to Kitimat in order to avoid an area of old growth trees bordering the Lakelse River. The change was in response to concerns raised by a local land management committee. The…