Articles
CO2 Solutions files for bankruptcy protection
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
Global timber and wood products market update
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
B.C. set a new record for lightning strikes as quiet fire season winds down
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
Weyerhaeuser to sell Michigan timberlands
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.
Northern Pulp suppliers, Indigenous leadership talk closure
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
Curtailment at Kenora Forest Products Temporary – Bob Nault MP
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
Fewer trees, higher costs blamed for downturn in B.C. forestry
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
