QUEBEC CITY, CNW — CO2 Solutions Inc. has announced that it has filed a notice of intention to make a proposal pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act (Canada). Pursuant to the Notice, Ernst and Young Inc. has been appointed as trustee and will assist CO2 Solutions in
Softwood lumber trade was up 5% the first half of 2019 on a worldwide basis, with China reaching record-high imports in the 2Q, reports the Wood Resource Quarterly. Global Softwood Lumber Trade Demand for lumber in China, the United Kingdom, Egypt, and the Netherlands increased this year despite a slowdown
VANCOUVER, THE TIMES-COLONIST — B.C. set a record for lightning strikes but enjoyed the quietest fire season in years thanks to timely rainfall. Environment and Climate Change Canada has recorded 422,000 lightning strikes this year in the province, far above the 18-year average of 266,000. July alone saw 264,344 lightning
SEATTLE, Cision Newswire — Weyerhaeuser Company has announced an agreement to sell its 555,000 acres of Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for $300 million in cash. The company expects to recognize a gain on the sale and anticipates no tax liability in conjunction with the transaction.
THE CHRONICLE HERALD — Down a long Colchester County dirt road, there’s a fifth-generation family home with a big softwood kitchen table. In May, something rare happened at this table. People listened to each other. “Chief Andrea Paul came and sat at this table and asked us, ‘How will a
KENORA – Bob Nault, Liberal Candidate for the Kenora riding, released the following statement regarding the temporary curtailment at Kenora Forest Products: “The softwood lumber industry is an important sector of our economy in Northwestern Ontario, supporting hundreds of jobs throughout our communities. Today, I’ve received word of a temporary curtailment at
The Canadian Press — High log prices and dwindling timber supply are driving the crisis in British Columbia’s forestry industry that has devastated communities and kneecapped the provincial economy, observers say. Companies have announced shutdowns or curtailments in more than two dozen mills in the province, putting hundreds out of