Tree Frog Forestry News

Daily Archives: May 23, 2012

Business & Politics

Resolute Forest Products Shareholders Approve Company Name Change at 2012 Annual Meeting

Canada News Wire press release
May 23, 2012
Category: Business & Politics
Region: Canada

MONTREAL,- AbitibiBowater Inc., doing business as Resolute Forest Products, today held its annual general meeting of stockholders in Charlotte, North Carolina. At the meeting, shareholders approved a resolution to amend the Company’s certificate of incorporation to change its legal corporate name to “Resolute Forest Products Inc.”, effective May 24,

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Sino-Forest and Executives Charged With Fraud in Canada

New York Times
May 22, 2012
Category: Business & Politics
Region: Canada

… The company once had a market value of about $6 billion, but its value quickly spiraled down after Muddy Waters Research last year released an extensive report by a short-seller that called the operation an “established institutional fraud.” Sino-Forest filed for bankruptcy protection in March. Its collapse has raised widespread concerns about investing in Chinese companies with North American listings.

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OSC alleges fraud at Sino-Forest, widens probe beyond company

Globe and Mail
May 22, 2012
Category: Business & Politics
Region: Canada

Sino-Forest Corp. and its top executives orchestrated one of the largest frauds in Canadian stock market history through a broad-ranging scheme to falsely inflate the company’s assets and revenue, Ontario’s securities regulator said in a sweeping set of allegations Tuesday. The Ontario Securities Commission alleges that Sino-Forest… violated provincial securities laws by overstating its financial performance. The regulator said Sino-Forest moved money in a “circular” manner between various corporate entities in a series of complex related-party transactions.

Also carried by
OSC says Sino-Forest disclosures was “grossly misleading” by Proactive Investors

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Conifex Announces First Quarter 2012 Results

Marketwire press release
May 22, 2012
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER — Conifex Timber today reported a net loss of $6.5 million or $0.38 per share for the first quarter of 2012 compared to a net loss of $7.5 million or $0.49 per share for the fourth quarter of 2011, and a net loss of $3.6 million or $0.24 per share for the first quarter of 2011. EBITDA in the first quarter of 2012 was negative $3.8 million compared to negative $5.2 million in the previous quarter and negative $1.3 million in the first quarter of 2011. 

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Catalyst worried about cabinet support

Victoria Times Colonist
May 22, 2012
Category: Business & Politics
Region: Canada, Canada West

The court-appointed monitor is recommending in favour and so is Catalyst Paper’s board of directors, for what it’s worth. But this morning’s vote on the future of the company and its three coastal pulp-and-paper mills is not a sure thing. Creditors who have hundreds of millions of dollars at risk are being advised to endorse a debt-restructuring plan that would see the company carry on in its current state. Jobs Minister Pat Bell says the indications he has had is that the plan will likely be accepted. 

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Conifex Sets Aside $79 Million for Mackenzie Cogen

Opinion 250 News
May 23, 2012
Category: Business & Politics
Region: Canada, Canada West

Prince George, B.C. – Confiex has announced it has approved a capital expenditures budget estimated to be $79 million, including a $7 million general contingency, to develop its bioenergy cogeneration project at Mackenzie. …Conifex expects project financing to be in place and construction to start in or about the third quarter of 2012.

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UPDATED: Fire at Interfor’s Grand Forks mill

Grand Forks Gazette
May 22, 2012
Category: Business & Politics
Region: Canada, Canada West

There was a fire at the International Forest Products Limited (Interfor) mill in Grand Forks this evening (Tuesday, May 22). Grand Forks Fire Rescue responded to a call at around 5:45 p.m. “It (was) a fire in our shavings bin,” explained Andrew Horahan, Interfor’s general manager of Kootenays. “We don’t know exactly what started the fire. It was contained within a steel bin. Luckily the fire department seems to have it put out.” Grand Forks Fire Rescue Chief Dale Heriot said that when they arrived on scene, there was a full-blown fire on the east half of the bin but confirmed that the fire was contained within the shavings bin.

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Corner Brook leaders keep fingers crossed over Kruger (video)

CBC News
May 22, 2012
Category: Business & Politics
Region: Canada East, Canada

Senior officials in Corner Brook — a city which was launched as a mill town — are guardedly optimistic that Kruger Inc. and its unionized workforce can reach a deal that will keep the newsprint mill running. Montreal-based Kruger said Friday it was evaluating the viability of Corner Brook Pulp and Paper following the rejection by unionized workers of a pension restructuring plan. The union’s blessing was necessary to push through a plan on pension relief that would give Kruger more breathing room as it weathers a slumping demand for newsprint.

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Resolute Forest Products says it will repurchase up to US$100 million in stock

Canadian Press
May 22, 2012
Category: Business & Politics
Region: Canada East, Canada

MONTREAL – Resolute Forest Products says it will pay up to US$100 million to repurchase as much as 10 per cent of its common stock. The company, formerly known as AbitibiBowater Inc., said Tuesday that its board has approved the repurchase program that will be funded through its available cash. “We are taking advantage of our strong financial position to act on an attractive opportunity to return cash to shareholders,” said president and CEO Richard Garneau in a release.

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Skulls found at Tembec plant

The North Bay Nugget
May 22, 2012
Category: Business & Politics
Region: Canada East, Canada

TEMISCAMING, Que. — Two skulls were found last week by Tembec workers doing excavating work on the manufacturing plant. Linda Coates, vice-president of communications and public affairs for Tembec, said all excavation work was stopped immediately on May 15 and police were contacted. “The site was secured immediately. The skulls were removed and brought to a lab in Montreal for further investigation,” she said Tuesday afternoon.

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Former Weyerhaeuser Executive to Join Cosmo Specialty Fibers Board of Directors

Enhanced Online News (press release)
May 23, 2012
Category: Business & Politics
Region: United States, US West

COSMOPOLIS, Wash.– Scott Marshall, former vice president of Operations Support for the Weyerhaeuser Company has agreed to join the board of Cosmo Specialty Fibers, Inc. In making the announcement, Cosmo Board Chairman Dermot Smurfit cited Marshall’s considerable reputation in the industry. “We are extremely pleased that Scott accepted our invitation to join the board and look forward to benefiting from his many years of experience in the forest industry and with our mill in particular.” Cosmo Specialty Fibers’ mill was formerly owned by Weyerhaeuser until September 2010, when it was acquired by an investor group led by The Gores Group.

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Weyerhaeuser Showing Bearish

Market Intelligence Centre
May 22, 2012
Category: Business & Politics
Region: United States, US West

Weyerhaeuser closed Monday’s favorable trading session at $19.26. In the past year, the stock has hit a 52-week low of $14.82 and 52-week high of $22.62. Weyerhaeuser stock has been showing support around $18.49 and resistance in the $19.65 range. Technical indicators for the stock are Bearish and S&P gives Weyerhaeuser a neutral 3 STARS (out of 5) hold rating. 

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West Coast Lumber Exports Up Slightly in Q1

KTVZ
May 22, 2012
Category: Business & Politics
Region: United States, US West

PORTLAND, Ore. — West Coast lumber exports increased slightly in the first quarter of 2012 — just under 2 percent, for a total of 234 million board feet worth $156 million, according to the U.S. Forest Service’s Pacific Northwest Research Station in a report released Tuesday. Meanwhile, U.S. log exports to Canada jumped by 43 percent to 255 million board feet during the first quarter, while exports to China dropped by 9.5 percent to 233 million board feet.

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Funding approved for Lyons Falls mill site project

WatertownDailyTimes.com
May 22, 2012
Category: Business & Politics
Region: US East, United States

A project to redevelop the Lyons Falls Pulp & Paper plant is now slated to break ground, as the Lewis County Development Corp. signed a $330,000 contract with the North Country Regional Economic Development Council on Monday. The LCDC acquired the funding to start the first stages of the project, which will rehabilitate the site of the former paper mill on Center Street, which shut down in 2001, into an industrial business park.

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Exports help Maine lumber company thrive during recession

Hancock Lumber executives leave today for a tour of Japan as the company expands internationally.
Press Herald
May 22, 2012
Category: Business & Politics
Region: US East, United States

CASCO – Hancock Lumber is going far afield to find its next customer — 6,600 miles away to Japan. Company executives leave today for a two-week tour of Japan to meet with architects and builders in hope of landing lucrative export contracts for Hancock lumber products. The executives will tour the country and visit areas devastated by last year’s earthquake and tsunami where building products are in demand.

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Kimberly-Clark appeal is still on the table

Coos Bay World
May 22, 2012
Category: Business & Politics
Region: US East, United States

COQUILLE — The Coos County Commissioners are still considering whether to appeal a court decision that could damage $1.1 million worth of county-owned forest. The county filed notice of appeal in April — the step before lodging a full-blown appeal — after a U.S. District Court affirmed that Kimberly-Clark, a Texas-based paper producer, has the right to mine 465 acres of forest land.

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The Global Forest Industry in the 1Q/2012

Packaging Europe
May 23, 2012
Category: Business & Politics
Region: International

Prices for conifer sawlogs fell in virtually all 21 regions worldwide covered by the Wood Resource Quarterly (WRQ), both in local currencies as well as in US dollars. This resulted in the third consecutive decline of the Global Sawlog Price Index (GSPI) to US$86.90/m3. The Index was down 2.7 percent from the 4Q/11 and 8.6 percent lower than the all-time high in the 2Q/11. Lower demand for lumber in many markets in Europe and reduced log imports to China were two major factors that pushed log prices downward in the first quarter.

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Mill closure `to kill off deal’

The Advocate
May 24, 2012
Category: Business & Politics
Region: International

THE ongoing closure of the Triabunna woodchip mill will almost certainly kill off the forest peace deal and $100 million in regional funding, parliament has been told. The East Coast mill, bought by environmentalists Jan Cameron and Graeme Wood, remains mothballed months after Gunns Ltd sold the site, which was closed at the time. The closure is still strangling forestry operations in the south of the state, from where it is too expensive to transport logs and woodchips to northern ports.

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Wood, Paper & Green Building

Thompson Leads Bipartisan Letter to US Green Building Council Encouraging …

NorthcentralPa.com
May 22, 2012
Category: Wood, Paper & Green Building
Region: United States

Washington, D.C. – U.S. Representative Glenn ‘GT’ Thompson today sent a bipartisan letter to U.S. Green Building Council President and CEO Rick Fedrizzi, urging changes to the treatment of forest products under the Council’s Leadership in Energy and Environmental Design (LEED) 2012 rating system. … The bipartisan letter, signed by Thompson and seven other Members of Congress representing districts with significant rural or forestry interests, urges USGBC to “accept all credible forest management certification systems for qualification under the LEED rating system,” in order to incentivize the “utilization of domestically produced forest products.”

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New Southern Pine standards take effect in June

Home Channel News
May 22, 2012
Category: Wood, Paper & Green Building
Region: US East, United States

Effective June 1, 2012, the Southern Pine Inspection Bureau has issued some new design values for Southern Pine Lumber. The changes will affect only visually graded Southern Pine and Mixed Southern Pine sized 2” to 4” wide and 2” to 4” thick in No.2 and lower grades. This also includes new design values for No.2 dense and No.2 nondense Southern Pine. Design values for all other grades and sizes of visually graded Southern Pine remain the same, pending results of testing scheduled for completion later this year.

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Doughnut-shaped Pulpop MP3 speaker made from recycled pulp

Gizmag
May 20, 2012
Category: Wood, Paper & Green Building
Region: International

Unfortunately, when it comes to sharing digital music with friends, there aren’t too many eco-friendly portable speaker options available for the discerning green consumer. …The Pulpop MP3 speaker designed by Balance Wu and Chin Yang takes a slight diversion from such norms. It’s made from recycled paper pulp and uses of vibration speaker technology to amplify the source audio through the surface on which it stands and the hollow space inside the doughnut.

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Forestry

Environmental cuts put biodiversity at risk

Government needs to move beyond short-sighted budgetary approach
Victoria Times Colonist
May 22, 2012
Category: Forestry
Region: Canada, Canada West

British Columbia is awesome: If there is a better place to celebrate a biodiversity day, I can’t think of it. But biodiversity is under threat in Canada. Today is International Biodiversity Day, developed out of the Rio Convention on Biodiversity that was originally signed by former Progressive Conservative prime minister Brian Mulroney.. …The cumulative effects of urbanization, road construction, forest practices, run-of-the-river power generation, oil and gas development, mining, aquaculture, pollution and climate change threaten our biodiversity.

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Troublesome beetles spotted close to Yukon border

CBC News
May 22, 2012
Category: Forestry
Region: Canada, Canada West

The Yukon Government continues to monitor the Mountain Pine Beetle as it moves north through B.C. The beetle has been spotted as close as 50 kilometres from the border, putting Yukon’s pine forest at risk… He said it’s uncertain what the beetle’s impact will look like when it does arrive, but he says the northern B.C. border shows some possible results. “You don’t get that wide swath of grey trees everywhere, it’s more spotty,” said Legare. In B.C., one big concern is timber. But in Yukon, the wood industry is small.

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Conservationist disappointed status of grizzlies not changed to ‘threatened’

May 23, 2012
Category: Forestry
Region: Canada, Canada West

KANANASKIS — Few species can match the grizzly bear as symbol of the Canadian wilderness, but scientists say loss of habitat related to increasing resource development and ongoing encounters with people threaten its future. The grizzly was the highest-profile species to be reassessed by the Committee on the Status of Endangered Wildlife in Canada (COSEWIC) at a meeting in Kananaskis Country from April 29 to May 4….  The committee found low reproductive rates of grizzlies, increasing oil and gas development, and mining and logging in intact areas of their range heighten concern for the bears “if such pressures are not successfully reversed.”

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Squamish area residents largely support proposed gondola

Vancouver Sun
May 22, 2012
Category: Forestry
Region: Canada, Canada West

This project is arguably the best thing to come to the Squamish community and its goal to sustain itself through outdoor recreation. This community has been seriously hit by the collapse of the resource extraction industry over the last 20 years, like so many other B.C. towns. Logging, mining, pulp mills and chemical plants. These were the major industries in Squamish a very short time ago. Now the largest employer is Walmart. How on Earth can we expect communities in B.C. to be sustained without a replacement for their lost resource-extraction industries? Recreation, and the tourism that comes with it, is the best solution. 

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Vanderhoof woodlot licensee recognized for achievements

by BC Ministry of Forests, Lands and Natural Resource Operations
BC government press release
May 22, 2012
Category: Forestry
Region: Canada, Canada West

VANDERHOOF – Woodlot licensee Mark Churchill is the Northern Interior’s award winner of this year’s Award of Excellence for Woodlot Management, Nechako Lakes MLA John Rustad announced today, on behalf of Minister of Forests, Lands and Natural Resource Operations Steve Thomson. Mark Churchill has managed a woodlot in Vanderhoof since 1998. He is known for his focus on reforestation and dedication to ensure wood waste is utilized by stock-piling fibre to supply new bio-energy operations.

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Water bomber battles forest fire in Deep Bight

CBC.ca
May 22, 2012
Category: Forestry
Region: Canada East, Canada

The Trans-Canada Highway near Clarenville was briefly closed in both directions because of a forest fire Tuesday afternoon, according to the RCMP. Police say the affected area was between the Deep Bight intersection and the Adeytown intersection. A water bomber was carrying out low-flying operations, attempting to extinguish the blaze. The RCMP was advising motorists to reduce speeds and travel with extreme caution in the area.
END

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Everyone is ordered out of the bush around Timmins!

MNR says all mining and forestry workers must leave all crown lands immediately
Timmins Times
May 22, 2012
Category: Forestry
Region: Canada East, Canada

The Ontario Ministry of Natural Resources has just issued an order for all bush workers, such as prospectors and claim stakers, forestry workers to leave the bush. All work must cease and no one is allowed to travel in the bush. The order, signed by MNR district manager Randy Pickering, stipulates that all outdoor workers on crown land must leave the bush immediately.

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KFC Chicken Buckets Made With Rain Forest Wood, Greenpeace Finds

Bloomberg
May 23, 2012
Category: Forestry
Region: United States

Yum! Brands Inc. (YUM) is making its trademark KFC chicken buckets using wood harvested from Indonesia’s rain forest, destroying the habitat of the endangered Sumatran tiger, Greenpeace International said. Independent tests on food boxes purchased at stores in Indonesia, the U.K. and China in the past two years found fibers from tropical hardwood trees, according to a Greenpeace report released today. 

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Loggers: Wyden prefers more entitlements to actual timber income

Forest Policy Briefs by Rex Storm, Forest Policy Manager, Associated Oregon Loggers
Oregon Natural Resources Report
May 23, 2012
Category: Forestry
Region: United States, US West

Sen. Wyden Wants Entitlement, Not Timber Income: Oregon’s US Senator Ron Wyden announced that two bills—intended to reconnect county receipts to increased federal timber sale revenues—lack his support and would be “a nonstarter” in the Senate. Sen. Wyden instead urged passage of a one-year extension of the Secure Rural Schools Act. The “Secure Act” simply continues the taxpayer-funded subsidy payments to timber counties—entitlement payments made since the 1990s when counties lost federal timber sale receipts.

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Court orders reevaluation of Southland forest areas

89.3 KPCC (blog)
May 22, 2012
Category: Forestry
Region: United States, US West

Approximately one million acres across four Southern California forests are to be reexamined by the U.S. Forest Service, with the potential of hundreds of thousands of those acres being rezoned into “recommended wilderness” and “back country non-motorized” areas. As reported by the San Gabriel Valley Tribune, the updated evaluations could restrict some off-road recreation, decommission unused roads and help revitalize the natural habitat of endangered species like steelhead trout and the California condor.

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DNR plans open houses to discuss logging, other plans for state forests in …

Associated Press
May 22, 2012
Category: Forestry
Region: US East, United States

LANSING, Mich. — The Michigan Department of Natural Resources has scheduled two public meetings next month to discuss plans for logging and other management activities in state forests of the northwestern Lower Peninsula. The open houses are at DNR field offices June 25 in Traverse City and June 26 in Kalkaska. Both are 3-7 p.m. They will focus on the management unit that includes Benzie, Grand Traverse, Kalkaska, Leelanau and Manistee counties.

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Quarantine to protect Ohio’s walnut trees

Thousand Cankers Disease detected in twelve states.
WTAM.com
May 22, 2012
Category: Forestry
Region: US East, United States

(Columbus)- In an effort to protect the walnut trees of Ohio, the Ohio Department of Agriculture is proposing an exterior state quarantine regulating the transportation of walnut products from areas of twelve other states to prevent the introduction of Thousand Cankers Disease to Ohio’s walnut trees. TCD primarily affects black walnut trees, as well as other species of walnut, and is caused by a fungus transported by the walnut twig beetle.

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Opposition demands forestry bailout details

ABC News, Australia
May 23, 2012
Category: Forestry
Region: International

The Tasmanian Government is under mounting pressure to explain how a multi-million dollar budget allocation for Forestry Tasmania will be used. The Opposition wants the Government to promise the $110 million will not be used to wind up the business. But the Government will not rule out shutting down the company. Shadow Treasurer Peter Gutwein says it is proof Forestry Tasmania is being used as a pawn to keep environmental groups involved in the forest peace deal negotiations and to appease Labor’s minority government partner, the Greens.

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Mongabay.com launches Indonesian-language forest web site

Mongabay.com
May 23, 2012
Category: Forestry
Region: International

Mongabay.com is pleased to announce the launch of Mongabay-Indonesia (mongabay.co.id), an environmental news web site published in Indonesian. The site was officially unveiled Saturday, May 19 at an event in Jakarta. …Mongabay-Indonesia includes news and analysis on environmental issues within Indonesia, with a special focus on forests. There is a section about tropical forests and a unique deforestation alert tool developed in partnership with NASA and Cal State Monterey Bay.

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Ghana Sets Annual Forest Replanting Targets

Government of Ghana
May 23, 2012
Category: Forestry
Region: International

Ghana has set a replanting target of 30,000 hectares of destroyed forests every year, the Chief Executive Officer (CEO) of the Forestry Commission (FC), Mr Samuel Afari Dartey, has announced. This followed the revival of the forest plantation development initiative. He said with this, the raw material base of the timber resource is going to increase to allow for continued supply.

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Indonesia forest moratorium won’t meet climate pledge – Norway

Reuters
May 22, 2012
Category: Forestry
Region: International

JAKARTA – Indonesia’s progress in reforming its forestry sector will not be sufficient to meet its pledge to reduce carbon emissions by 26 percent by 2020, Norway’s environment minister said on Tuesday. Indonesia imposed a two-year moratorium on clearing forest last May under a $1 billion climate deal with Norway aimed at reducing emissions from deforestation, despite resistance from some government departments and from resource firms looking to expand in the archipelago.

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Carbon, Climate & Bioenergy

Trees Absorb Less Carbon in Warming World Than Experts Have Assumed

Inside Climate News
May 22, 2012
Category: Carbon, Climate & Bioenergy
Region: International

.. A new study shows that while trees certainly help counteract rising temperatures, they are absorbing 3.4 percent less carbon than had been assumed in models used in the Intergovernmental Panel on Climate Change reports… Bauerle is confident that the team’s findings are solid and that correcting the current formula for trees’ carbon-absorption capacity will help improve the accuracy of future climate models. The corrections will have the biggest impact on carbon-intake estimates for the boreal forests of the Northern Hemisphere, where day length fluctuates the most.

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Golden Bay Cement scoops renewable energy award

Voxy
May 23, 2012
Category: Carbon, Climate & Bioenergy
Region: International

Whangarei’s Golden Bay Cement has been hailed as an industry leader for its use of bioenergy to reduce CO2 emissions, winning the Renewable Energy category in the 2012 EECA Awards tonight. The company has cut CO2 emissions by a huge 58,000 tonnes per year and is saving $3m every year in energy costs, as a result of substituting nearly a third of the coal burned in its kiln for wood fuel, sourced from demolition and construction waste.

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The forest is gone, but where’s the carbon?

Futurity: Research News
May 22, 2012
Category: Carbon, Climate & Bioenergy
Region: International

The findings are from a new study published in the journal Nature Climate Change that takes a deeper look at the complex global effects of deforestation on greenhouse gas emissions.
When trees are felled to create solid wood products, such as lumber for housing, that wood retains much of its carbon for decades, researchers from the University of California, Davis, found. In contrast, when wood is used for bioenergy or turned into pulp for paper, nearly all of its carbon is released into the atmosphere. Carbon is a major contributor to greenhouse gases.

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