Tree Frog Forestry News

Daily Archives: August 4, 2017

Today’s Takeaway

Concrete association misleads on CLT safety

Tree Frog Forestry News
August 4, 2017
Category: Today's Takeaway

The Carolina Ready Mixed Concrete Association is “spreading misinformation about CLT and fire safety”, which is “dangerous and does not serve the public interest”, says Clemson University’s Dr. Patricia Layton. “Interestingly”, she muses, “representatives from the association were present and witnessed the promising [fire test] results”. Meanwhile, Lloyd Alter writes in the Treehugger that “all the international design sites are gaga over an 18 storey CLT tower proposed for Toronto”.

Using tactics from Trump’s ‘The Art of the Deal’ [we suspect], the US lumber industry is downplaying expectations an agreement is imminent with comments such as “we’re not willing to sacrifice and settle for a bad agreement just to avoid a fight in NAFTA.”

Forest fire news remains grim with headlines such as “City sits on a ticking time bomb of West Arm Provincial Park forest” in Nelson BC and “fire danger reaches critical stage with no relief in sight”, in Missoula, Montana.

Finally, a new report focused on tropical deforestation highlights the 447 companies who “have made commitments to root out the deforestation in their supply chains”, while a New Zealand group has launched a global reforestation project to “counteract negative effects caused by the Trump administration’s dismantling of Obama-era climate policy”

The Tree Frog News Editors are off on Monday due to the stat holiday. Back Tuesday.

— Kelly McCloskey, Tree Frog Editor

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Business & Politics

Resolute CEO Says U.S. Lumber Duties Won’t Hurt Future Earnings

By Natalie Wong
Bloomberg
August 4, 2017
Category: Business & Politics
Region: Canada East, Canada

Resolute Forest Products Inc. is confident that U.S. import duties on softwood lumber won’t impact its future earnings because the Canadian company expects to be reimbursed for the levies paid. Resolute, the world’s biggest newsprint maker, has paid $43 million as a result of the trade spat with the U.S., Chief Executive Officer Richard Garneau said in a phone interview Thursday. …Garneau has opted to treat the duty payments as deposits, meaning that the costs won’t affect its earnings before interest, taxes, depreciation and amortization. …Lumber duties won’t just affect Canadian employees in the forestry industry– it’ll cost millions of jobs in the U.S. homebuilding industry too, Resolute says. For every $1,000 increase in the price of a home, around 153,000 households are priced out of the market for a median-price new home, according to Washington-based National Association of Home Builders.

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