Tree Frog Forestry News

Daily Archives: March 5, 2012

Business & Politics

Regulators idle as Fibrek shareholders fume

Financial Post
March 2, 2012
Category: Business & Politics
Region: Canada, United States

‘The AMF and the OSC should be outraged by what has taken place.” That comment by a minority shareholder at Fibrek Inc. shows the frustration that’s built up at the lack of action by the regulators over what the shareholders claim has been some questionable capital markets behaviour. Of course, ensuring the integrity of the capital markets is a key role of the regulator. At Fibrek, the minority shareholders are being asked to consider a $1-a-share hostile bid from AbitibiBowater Inc. or a $1.30 a share friendly offer from Mercer International. Abitibi used to own Fibrek before spinning it out as SFK Pulp Fund in 2002 and remains one of its key woodchip suppliers.

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Morning Futures Roundup

Lumber Rally Might be Cut Down
The Options Insider
March 2, 2012
Category: Business & Politics
Region: United States

February was a good month for Lumber bulls, as prices rallied nearly $30 per 1000 board feet and briefly traded above $280.00 in the most active May futures. Among the reasons cited for Lumber’s price gains were signs of an improving U.S. housing market, with new home sales gaining in the 4th quarter of 2011 and a continued decline in the unemployment rate, which may help spur an improvement in consumer confidence. A mild winter throughout most of the U.S. seems to have kept the construction industry busier than expected, which is supportive for Lumber and wood product demand. In addition, U.S. exports of forest products rose sharply in 2011, with exports to China a major factor in the sharp increase. 

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Settlement reached in fatal Kittitas County helicopter crash

Yakima Herald-Republic
March 2, 2012
Category: Business & Politics, Forestry
Region: United States, US West

A confidential settlement has been reached in the case of a helicopter crash in Kittitas County that killed four people and ignited a 485-acre forest fire. The settlement comes just days before jury selection in the lawsuit had been scheduled to start Monday in a King County Superior Court… The crash took place Aug. 2, 2007 in a wooded area about 5 miles southwest of Easton in northwest Kittitas County. The lawsuit was filed in 2009 by the family of Si Young Lee, the president of a South Korean lumber company visiting the state to purchase timber for export. 

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Foreign shipping keeps docks busy

Business Examiner
March 5, 2012
Category: Business & Politics
Region: United States, US West

While the ports of Tacoma and Seattle are embroiled in major shipping-scene scandals centered on pollution and labor, the Port of Olympia is quietly carving out a niche as a reliable Pacific link between Asia and the Evergreen State. And it’s that namesake — timber — that’s been at the crux of the boom, with increasing Asian demand pushing the number of log export trips from one in 2008 to nearly two dozen last year. “The log handling facility primarily serves the needs of the traditional Japanese post-and-beam construction markets by providing high quality logs to Japanese customers,” said Anthony Chavez, spokesman for Weyerhaeuser, one of the Pacific Northwest’s top timber companies and the largest log exporter from the Port of Olympia. “In addition, some of the logs go to Korea and China.”

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International Paper Receives Prestigious Climate Leadership Award

International Paper
MarketWatch (press release)
March 2, 2012
Category: Business & Politics
Region: US East, United States

MEMPHIS, Tenn — The U.S. Environmental Protection Agency, the Association of Climate Change Officers, the Center for Climate and Energy Solutions, and The Climate Registry named International Paper among the winners of the inaugural Climate Leadership Awards. International Paper was recognized for aggressively managing and reducing green house gas emissions.”This award reaffirms our commitment to continuous improvement and reductions in our environmental footprint. Efforts to improve the environment are most successful when stewardship and business results go hand-in-hand,” said Teri Shanahan, International Paper vice president of Sustainability.

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John Deere, Loggers March Capitol Hill to Lobby Key Issues in Forest Industry

Logger testifies before the Subcommittee on Oversight and Investigations Committee on Energy and Commerce
John Deere (press release)
March 2, 2012
Category: Business & Politics
Region: US East, United States

MOLINE, Illinois – To demonstrate the importance of the men and women who work every day in the woods, and raise awareness of the declining logging workforce, John Deere and a group of loggers traveled to Capitol Hill February 7-9 and met with elected officials to discuss key issues facing the U.S. forestry industry… The group had a full schedule while in Washington, D.C., meeting with a number of officials on topics including regulatory processes, rulemakings, deficits, government spending and the 2012 elections. As a result of their efforts, Luoto had the opportunity to testify before the U.S. House Subcommittee on Oversight and Investigations on February 16 to raise awareness of the plight of the U.S. logging industry.

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2011 Shipments of Northeastern Softwood Lumber Drop 3% below 2010

Northeastern Lumber Manufacturers Association
March 1, 2012
Category: Business & Politics
Region: US East, United States

Data for 2011 has been finalized, showing total shipments of softwood lumber from Northeastern mills reporting to NELMA decreased slightly from year-end 2010’s numbers. A total of 726.68 million board feet of shipments for all softwoods was reported to NELMA for the year, compared with the 743.37 million total for 2010, a 3% drop. The 2011 totals included 382.12 mmbf of Dimension Lumber, primarily Spruce-Pine-Fir (south) stamped lumber, and 344.56 mmbf of Eastern White Pine.

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EIB to lend €250m to Chinese sustainable forestry

Environmental Finance
March 2, 2012
Category: Business & Politics
Region: International

The European Investment Bank is to lend €250 million ($330 million) to sustainable forestry projects in China. The China Forestry Framework Loan, via the EIB’s €4.5 billion Energy Sustainability and Security of Supply Facility, will be made to up to eight investment schemes, to be identified and pre-selected by China’s National Development and Reform Commission and the Ministry of Finance. These schemes would support individual forestry projects that contribute to China’s forestry programme within its 12th Five Year Plan, and involve environmental and biodiversity preservation and improvement, or climate change adaptation and mitigation.

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Wood, Paper & Green Building

Chinese officials and land developers mission to Canada

By Wayne Iversen
BC Council of Forest Industries Blog
March 2, 2012
Category: Wood, Paper & Green Building
Region: Canada, Canada West

16 Chinese Government Officials and land developers will be in Vancouver March 5-10, 2012, to learn about wood frame construction. The Council of Forest Industries with support from BC Government and Natural Resources Canada is putting on a 5 day educational program for high level Chinese interested in adopting wood frame technology in China. The Chinese government has recently announced green building policies which make wood in construction very advantageous. 

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‘Best in Basin’ awarded for Tamarack Lodge design

Tahoe Daily Tribune
March 3, 2012
Category: Wood, Paper & Green Building
Region: United States, US West

Collaborative Design Studio Wins TRPA “2011 Best in Basin” Award for the Tamarack Lodge… This LEED Certified building is located at 9150 feet, at the top of the Heavenly Gondola. The main inspiration for the design came from ski lodge designs of the past, resulting in a clean, elegant, dramatic wood structure that fits nicely into its surroundings while providing a striking contrast with snow and sunlight. This makes the Tamarack Lodge a landmark building in The Basin. 

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Premier SIPS Receives FSC Chain of Custody Certification

Sustainably grown and harvested OSB option now available
PR Web (press release)
March 3, 2012
Category: Wood, Paper & Green Building
Region: United States, US West

Premier SIPS by Insulfoam has received FSC Chain of Custody certification for the oriented strand board it uses in its structural insulated panels. FSC® certified forest products are verified from the forest of origin through the supply chain. The FSC label ensures that the forest products used are from responsibly harvested and verified sources. “Using FSC certified wood products provides building professionals who use SIPs with an additional way to earn points under leading green building rating systems,” said James Hodgson, general manager for Premier SIPS. “We’re pleased to be able to offer this option to our customers looking for sustainably grown and harvested forest products.

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The wonders of bamboo

March 5, 2012
Category: Wood, Paper & Green Building
Region: International

IT was in 2005 when Ed Manda, then head of the Laguna Lake Development Authority, went to visit China to look at the bamboo forest in Anji City in Zheijang province and brought back home what could be the answer to many of the pressing issues ailing the country… Zheijang was an agricultural province with a languishing economy. Bamboo has changed all that and farmers who were turning despondent now enjoy a lucrative life from the livelihood opportunities derived from bamboo, from roots to the poles… Manda said that with modern processing techniques, many of which are still quite new, bamboo can be transformed into many products that compete directly with wood products in price and performance. Bamboo often surpasses wood in the diversity of products produced.

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Forestry

Future foresters face off

In competition, UW and Canadian students get a real-world lesson
Herald Net
March 3, 2012
Category: Forestry
Region: Canada, United States

DARRINGTON — It’s the Canadians versus the Americans. No, not in hockey. And more than bragging rights, the outcome someday could help flagging timber industries in both countries. Forestry students from the University of Washington and the University of British Columbia arrived in Darrington on Friday to participate in the 2012 Silviculture Challenge… While competing to see who can prove their silviculture plans are best, these students seem to universally share the intent to manage Northwest forests for multiple uses to benefit the economy, the environment and society.

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Eco group urges B.C. to re-form park fund

Organization highlights CRD’s mode
Victoria Times Colonist
March 2, 2012
Category: Forestry
Region: Canada, Canada West

Using a backdrop of parkland bought by the Capital Regional District, an environmental group on Thursday called on the provincial government to set up a park acquisition fund similar to that of the CRD. A fund of at least $40 million a year, raising $400 million over 10 years, is needed if old growth and other endangered ecosystems on private lands are to be protected, said Ken Wu, Ancient Forest Alliance co-founder.

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Forestry road bridge ‘inadequate’: Forest Practices Board

Audit finds most licensees working in Sea to Sky complying with legislation
Squamish Chief
March 2, 2012
Category: Forestry
Region: Canada, Canada West

A forestry permit holder’s erection of a bridge that “was inadequate to withstand significant rainfall or a flood” along a well-travelled forestry road near Squamish was the only major concern identified in a recent audit of activity involving B.C. Timber Sales forest licensees in the Squamish Forest District. The audit, conducted by the B.C. Forest Practices Board (FPB) covering the period from August 2009 to August 2011, found that “forest planning, silviculture, fire protection, harvesting and road activities were mostly in compliance with legislation,” FPB officials said in a statement about the audit, released on Tuesday.

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Land sought for forestry centre

Society wants to see project etched into the Upper Mamquam Blind Channel Study
Squamish Chief
March 2, 2012
Category: Forestry
Region: Canada, Canada West

They have said it before and are saying it again — don’t forget the Sea to Sky Forestry Centre. With the District of Squamish in the midst of its second kick at the can to compile a land-use plan for the Upper Mamquam Blind Channel, the Sea to Sky Forestry Centre Society is reminding the community of its goal to build a forestry museum and exhibit facility across from the Squamish Adventure Centre.

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Logging road woes? Columbia River–Revelstoke MLA Macdonald says proposed changes flawed

By MLA Norm Macdonald (NDP)
Revelstoke Times Review
March 2, 2012
Category: Forestry
Region: Canada, Canada West

In 2008 the BC Liberals introduced to the BC Legislature a piece of legislation called the Resource Road Act. This legislation, which could have restricted your access to backcountry roads, was so contentious that the government was forced to withdraw it… The government is proposing that the responsibility for use and maintenance of resource roads be transferred to private entities, usually the primary user of that road. While this may seem a logical way to reduce the burden of responsibility on government, it could restrict the use of that road by other current road users.

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Forest Industry Readiness Skills Training program starts

Clearwater Times
March 3, 2012
Category: Forestry
Region: Canada, Canada West

The Forest Industry Readiness Skills Training program kicked off Mar. 1, providing training and job experience for harvesting equipment operators and log truck drivers. CILA will be able to assist with tuition and related training costs in the CILA, ILA and NWLA regions. The program will particularly target First Nations people, women and under-employed persons who would like to have their skill levels upgraded to the point they’re able to get long-term employment in the harvesting sector.

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Meadow Creek Cedar appeals suspension

Nelson Star
March 4, 2012
Category: Forestry
Region: Canada, Canada West

Meadow Creek Cedar is appealing its license suspension and a fine imposed for failing to meet silviculture obligations. Ministry of Forests public affairs officer Brennan Clarke confirms the company has asked the regional executive director to review district manager Garth Wiggill’s decision to suspend its license. “This may result in a follow-up hearing between now and March 12, or the regional executive director may make a decision based on written submissions,” Clarke wrote in an email.

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Meeting to weigh alternatives to logging trust bill

Corvallis Gazette Times
March 2, 2012
Category: Forestry
Region: United States, US West

Several local conservation groups are sponsoring a public meeting to discuss alternatives to a proposal that would preserve some federal timberlands in Western Oregon while opening others up to more logging. Sponsored by U.S. Reps. Peter DeFazio, Kurt Schrader and Greg Walden, the bill is known as the O&C Trust, Conservation and Jobs Act. It aims to stabilize timber revenues for counties through a balanced approach to logging and conservation, but some environmentalists fear it would damage sensitive forests.

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Forestry bill is our best chance to save ourselves

By Rep Peter DeFazio (D-OR4)
The Register-Guard
March 2, 2012
Category: Forestry
Region: United States, US West

What if someone told you there was a bipartisan agreement in Congress to protect the iconic Rogue River, end the forest wars by saving the remaining old growth in Western Oregon, help failing rural counties, create thousands of family-wage jobs and save the federal government millions of dollars every year? Impossible, right? After months of negotiation and hard work, Reps. Greg Walden, Kurt Schrader and I recently released a discussion draft of the O&C Trust, Conservation and Jobs Act. Our agreement would accomplish all of these things.

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Sealaska targets biggest trees in Tongass

Anchorage Daily News
March 2, 2012
Category: Forestry
Region: United States, US West

For nearly a decade, Sen. Lisa Murkowski has failed to move legislation through Congress that would change the locations where Sealaska Corporation may select its final 132 square miles of entitlements under the Alaska Native Claims Settlement Act… The 2008 selections have as much timber on them as the average timber lands in the Tongass — 25,000 to 30,000 board feet has been the average logged recently. McNeil can make a profit logging them if he manages its operations efficiently. I should know. My family was in the logging business for three generations.

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Settlement reached in fatal Kittitas County helicopter crash

Yakima Herald-Republic
March 2, 2012
Category: Business & Politics, Forestry
Region: United States, US West

A confidential settlement has been reached in the case of a helicopter crash in Kittitas County that killed four people and ignited a 485-acre forest fire. The settlement comes just days before jury selection in the lawsuit had been scheduled to start Monday in a King County Superior Court… The crash took place Aug. 2, 2007 in a wooded area about 5 miles southwest of Easton in northwest Kittitas County. The lawsuit was filed in 2009 by the family of Si Young Lee, the president of a South Korean lumber company visiting the state to purchase timber for export. 

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Federal plan to shoot barred owls weighed on Peninsula

Peninsula Daily News
March 4, 2012
Category: Forestry
Region: United States, US West

Should the federal government allow people to shoot barred owls to protect the endangered northern spotted owl? That’s a question wildlife officials are asking after the Obama administration announced a plan Tuesday to help the passive, 1-pound bird that sparked an epic battle over logging in the Pacific Northwest in the early 1990s… Although the government set aside millions of acres of forest to protect the spotted owl, the bird’s population has dropped 40 percent in 25 years. The latest plan, which replaces a 2008 Bush administration plan that was tossed out in federal court, would designate habitat considered critical for the bird’s survival, while allowing logging to reduce the risk of catastrophic wildfire and create jobs.

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Trees ‘poop’ in several ways, but not by dropping leaves

Arizona Republic
March 4, 2012
Category: Forestry
Region: United States, US West

.. Dropping their leaves in the autumn doesn’t really count as excreting waste. That’s just a cycle of a tree’s life, one that is supported in Congress by the powerful rake lobby. First of all, I suppose you could say that throwing off oxygen is a tree’s way of throwing off waste, which is good for those of us who are pretty much fond of oxygen. Also, trees give off stuff that I am pretty sure is called metabolites, which is stuff left over from metabolism.

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Spotted owl lecture will be last of the season

Times-Standard
March 4, 2012
Category: Forestry
Region: United States, US West

EUREKA — The northern spotted owl is an iconic symbol for endangered species of the old growth forest, so it’s the ideal subject for the final lecture in Sequoia Park Zoo’s inaugural season of lectures hosted by the zoo’s Conservation Committee. On Wednesday at 7 p.m., Lowell Diller, senior biologist at Green Diamond Resource Co. in Korbel and adjunct professor in the Department of Wildlife at Humboldt State University, will present “A Tale of Two Owls: New Challenges in Spotted Owl Conservation.”

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University earns Tree Campus USA designation for fourth straight year

Press release
Indiana State University
March 2, 2012
Category: Forestry
Region: US East, United States

The Arbor Day Foundation has named Indiana State University a 2011 Tree Campus USA in honor of its commitment to effective community forestry management. Indiana State achieved the designation for the fourth year in a row by meeting the required five core standards for sustainable campus forestry: a tree advisory committee, a campus tree-care plan, dedicated annual expenditures for its campus tree program, an Arbor Day observance and the sponsorship of student service-learning projects

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Mild winter won’t affect trees

Daily American Online
March 3, 2012
Category: Forestry
Region: US East, United States

SOMERSET — It has been a fairly mild winter, with little snow and not much cold weather. But the unusual winter won’t have much of an impact on trees. Cory Wentzel, management forester for Forbes State Forest District 4, Laughlintown, said if anything the milder winter will help trees be a little stronger… “If they go into winter in a weakened state, they may not be able to leaf again the following spring,” he said. “Some are stronger than others and may be able to half leaf out in the spring then die in two years. Some don’t recover. If it (insect infestation) happens in the fall it’s not as much of a concern because the tree is already shutting down for the winter.”

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Southwest Ohioans asked to watch for signs of tree-killing beetle during post-storm cleanup

The Republic
March 3, 2012
Category: Forestry
Region: US East, United States

REYNOLDSBURG, Ohio — Agriculture officials are asking residents of a storm-damaged southwestern Ohio county to check for signs of a tree-killing beetle as they clean up downed trees and broken branches. Officials say trees infested and weakened by Asian longhorned beetles would have been more susceptible to damage as severe storms blew through the region Friday, killing three people and destroying or damaging dozens of homes. Thousands of trees in Clermont County are infested with the beetles, and officials are trying to stop them from spreading. 

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Company Says ‘Trunk Injections’ Protected 350,000 Trees in 2011

Woodworking Network
March 3, 2012
Category: Forestry
Region: US East, United States

WOBURN, MA – Arbortjet, a company focused on developing “effective and environmentally sound formulations and equipment” for combating the enerald ash beetle, Asian long-horned beetle and other tree-killing insects, claims its products helped save some 350,000 trees in the United States last year. …Arborjet said its formulations were injected into the trunks of about 350,000 trees in more than 65 U.S. cities, protecting them from insect attack. The company estimates that the trees are valued at $252 million in tree removal and replacement costs.

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Environmental Impacts of Deforestation Discusses on a New Website

Empowered News (press release)
March 3, 2012
Category: Forestry
Region: International

A new website was launched to provide current information regarding the effects of deforestation. Loss of trees is a worldwide problem, and environmental conservation efforts are already in the works to mitigate the effects of such rainforest depletion. Mircea Giurca explains the effects of loss of trees to the ecological balance of the Amazon basin and to the global climate. The effects of forest depletion are extensive, ranging from loss of ecological diversity to climate change.

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Scandinavian trees ‘survived the last Ice Age’

Times of India
March 3, 2012
Category: Forestry
Region: International

LONDON: Contrary to widely held perception, a new study has claimed that a number of trees in Scandinavia survived the last Ice Age. It was previously believed that all Scandinavian tress were killed off by the huge ice sheet that covered the region during the last Ice Age. Now, a team at Copenhagen University says some conifers survived on mountain peaks that protruded from the enormous ice sheet, on islands and in coastal areas.

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Maoist rebels free abducted Hazaribag forest villagers

Times of India
March 3, 2012
Category: Forestry
Region: International

HAZARIBAG: Over 12 villagers of Keri Piprahi forest of Chouparan block, who were abducted by a group of 30-40 Maoists on Friday, were freed early on Saturday after holding them captive for more than 12 hours. No one has been arrested so far… “The reasons for abduction of villagers were felling of trees, collection of ‘mahua’ seeds and ‘kattha’ and other forest products which the area commander of the Maoists had banned,” the SP said adding that they had identified three persons who were creating terror in the village.

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Environmental award winner uses forest resources to bring cheer to disaster victims

Mainichi Daily News
March 4, 2012
Category: Forestry
Region: International

When the Great East Japan Earthquake and tsunami hit in March last year, Toyoshi Sasaki, 54, a resident of Japan’s Tohoku region, hurried to help at an evacuation shelter. When he found people there shivering from the cold with no heating he used his connections with a manufacturer to send wood-pellet fuel and stoves. His efforts won him an inaugural Kubota award, an environmental award established by the Mainichi Newspapers. “While making use of local forest resources, I want to bring cheer to the areas damaged by the Great East Japan Earthquake,” Sasaki said after receiving the award.

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Brown to resume meetings with Gillard

ABC News Australia
March 4, 2012
Category: Forestry
Region: International

Greens leader Bob Brown has decided to resume regular meetings with Prime Minister Julia Gillard despite calling them off just a couple of months ago. Senator Brown cancelled the regular meetings in January after accusing Ms Gillard of failing to protect Tasmania’s native forests.

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DENR gets PNP assistance in planting trees

Business Mirror
March 4, 2012
Category: Forestry
Region: International

THE Department of Environment and Natural Resources (DENR) has forged ties with the Philippine National Police (PNP) to boost the government’s ambitious National Greening Program. DENR Secretary Ramon J.P. Paje said the PNP has committed to plant 10 million trees all over the country. Paje said the PNP will be a big boost to the NGP’s ambitious target of planting 1.5 billion trees in 1.5 million hectares of open and denuded forests until 2016… The program aims to boost the fight against hunger and poverty and promote security with the planting of fruit-bearing trees other than indigenous or native tree species, and the creation of green jobs by tapping citizens’ groups and people in communities as stewards of rehabilitated forests.

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Parliament set for more forestry debate

ABC News, Australia
March 5, 2012
Category: Forestry
Region: International

Proceedings are likely to be dominated by old issues when the new year of parliament begins this week. The Liberals have already flagged the possibility of a no confidence motion. The party yesterday released details of a new forestry policy. The Opposition leader, Will Hodgman, wants to legislate to enshrine state-owned forests in formal timber production reserves. He says resource security is the key to reviving the forestry industry and Labor’s inter-governmental agreement does not give that security.

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Carbon, Climate & Bioenergy

Australia challenged to reduce emissions

The Western Producer
March 2, 2012
Category: Carbon, Climate & Bioenergy
Region: Canada, International

Ross Garnaut, in a special report commissioned by all the governments of Australia, is proposing to pay farmers big money for biosequestration… The interesting thing about the Garnaut report is that agriculture and forestry are singled out as possible solutions to the Australian climate change problems. This is because carbon farming on available land could sequester twice the carbon currently emitted in the whole country. But Canadian farmers will be interested in the Australian approach to climate change for at least two additional reasons: Australian farmers will benefit whether they are believers in climate change or not; and the Canadian situation is similar to the Australian. If it can happen there, why not here?

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Ag department selects bioenergy grant recipents

Renewable energy innovation in Minnesota is getting fueled by $2.4 million in grants from the Minnesota Department of Agriculture (MDA).
Alexandria Echo Press
March 4, 2012
Category: Carbon, Climate & Bioenergy
Region: US East, United States

Renewable energy innovation in Minnesota is getting fueled by $2.4 million in grants from the Minnesota Department of Agriculture (MDA). Based on recommendations from the Next Generation Energy Board, MDA has awarded funding to nine renewable energy projects to help stimulate development of biofuels. …Koda Energy plans to construct a biofuels staging and processing facility in Scott County. The plant will aggregate and process various biomass fuel stocks, such as urban wood waste from the city of Minneapolis, for use in Koda’s existing combined heat and power generating facility that is also located in Scott County.

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Response: biomass ‘needs to be part of our low-carbon future’

The biomass industry responds to an Ecologist article by Biofuelswatch
The Ecologist (blog)
March 2, 2012
Category: Carbon, Climate & Bioenergy
Region: International

…In conclusion, biomass is a sustainable, proven, low carbon energy source that can help deliver cost effective carbon savings and help meet renewable energy targets. The global biomass industry, governments and campaigning NGOs all have a part to play in driving best practices that encourage biomass rich countries to manage feedstock sustainably. The long term prospects for the industry depend on this direction of travel, and it is ready and willing to play its part.

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EIB agrees loan for Chinese forestry projects

Argus Media
March 2, 2012
Category: Carbon, Climate & Bioenergy
Region: International

London – The European Investment Bank (EIB) will provide China with a €250mn ($330mn) loan to help fund forestry projects for climate change mitigation, the bank said on 1 March. The framework loan agreement, which was signed by EIB vice-president Magdalena Arza and China’s minister of finance Li Yong, will finance up to eight pre-selected investment schemes in the country. The EIB will perform due diligence on each project to ensure its viability. “The bank is pleased to contribute to the efforts of the Chinese government to tackle the global challenges posed by climate change,” Arza said. “This loan also represents a further step in our commitment to abate greenhouse gas emissions and is the latest in a series of very successful operations with the Chinese authorities in this area.”

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