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Today’s Takeaway

Both Interfor and Conifex Timber narrow Q1, 2026 losses

Tree Frog Forestry News
May 15, 2026
Category: Today's Takeaway

Both Interfor and Conifex narrow Q1 losses as lumber markets showed signs of improvement. In related news: Canada invests $12M in BC’s forest sector, which BC’s Ravi Parmar calls a step in the right direction, and John Brink says is an insult; Domtar says it’s open to selling its Maniwaki, Quebec sawmill; and the New Zealand-India Free Trade Agreement is already helping NZ sawmills. Meanwhile: Nova Scotia supports wood-heat conversions; Louisiana House approves legislation for wood pellet manufacturing; Louisiana Tech’s mass-timber research centre is progressing; and dust from International Paper’s Port Wentworth lime kiln raises public concern.

In Forestry news: Ontario’s reorg is clamping down on conservation authorities; the US Forest Service is investing $80M in Forest Legacy projects; Washington state released its Forest Heath Highlights Report; and a feature on North Carolina’s historic ‘cradle of forestry’ site. Meanwhile: Ontario officials warn of changing-conditions ahead of long weekend.

Finally, International Pulp Week wraps up with our convention overview and links to all 11 speaker summaries — and with the long weekend ahead, the Frogs will be back Tuesday.

Kelly McCloskey, Tree Frog Editor

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Special Feature

Wrap-up of the International Pulp Week 2026 Convention

Kelly McCloskey, Editor
Tree Frog Forestry News
May 14, 2026
Category: Special Feature
Region: Canada, United States, International

International Pulp Week brought together global market pulp leaders for two days of presentations, market intelligence, and industry dialogue hosted by the Pulp and Paper Products Council. Tim Brown, vice president with PPPC opens and introduced the program before before handing the sessions to day one speaker and moderator Kevin Mason of ERA Forest Products Research, and day two moderator Kelly McNamara of Numera Analytics. Now in its 21st year, IPW remains the premier annual gathering for the market pulp sector — drawing producers, end-users, analysts, and suppliers from across the value chain for a concentrated look at the forces shaping global markets. This year’s program covered an unusually wide range of territory, from geopolitics and macroeconomics to fibre performance, specialty cellulose, bleaching chemicals, carbon capture, and a comprehensive market outlook. For those who missed Tree Frog’s coverage, here are all of our summarized stories.

Day One – May 11, 2026

Day Three – May 12, 2026

Key takeaways from Vancouver include:

The 2026 program confronted an unusually turbulent global backdrop — the closure of the Strait of Hormuz following the outbreak of conflict in Iran, escalating US trade policy uncertainty, and a global pulp market navigating the dual pressures of Latin American capacity expansion and China’s accelerating shift toward domestic self-sufficiency. Eleven speakers across two days addressed the forces reshaping the industry, from macroeconomics and fibre performance to specialty markets, chemical supply security, carbon capture, and a comprehensive market outlook. …

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International Pulp Week 2026: Global Pulp Markets: Review and Outlook

Kelly McCloskey
Tree Frog Forestry News
May 12, 2026
Category: Special Feature
Region: Canada, United States, International

Emanuele Bona, Vice President Europe at the Pulp and Paper Products Council, delivered the conference’s closing presentation — a comprehensive review of global market pulp demand in the first quarter of 2026, near-term forecasts, and a five-year supply and demand outlook for both softwood and hardwood grades. He opened with an observation that had not been addressed directly by other speakers: the volume of pulp itself transiting the Strait of Hormuz. Of the eight countries with access to the strait, over 200,000 tonnes of softwood pulp — roughly 1% of global softwood demand, approximately half of it fluff — transited the region in 2025. Hardwood volumes were larger at over 800,000 tonnes, representing approximately 2% of global demand.

Emanuele Bona

Not extraordinary in the global context, Bona said, but significant enough to cause meaningful disruption to those supply chains. …Bona presented a world balance showing softwood operating rates holding at approximately 88% in 2026, with both demand and capacity falling roughly 1% each, and hardwood easing from 92% to approximately 90% as demand contracts more sharply than capacity. Over the longer term, both grades are expected to converge around 89% on average — a broadly balanced market, but one defined by slower growth, rising competitive pressure from Latin American hardwood and Western European softwood exports, and an end-use landscape that offers less upside than the previous decade.

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International Pulp Week 2026: China and Asia in Focus

Kelly McCloskey, Editor
Tree Frog Forestry News
May 12, 2026
Category: Special Feature
Region: Canada, United States, International

Li Meng, General Manager of PPPC’s Beijing Office, presented an overview of China’s pulp and paper industry development and near-term outlook, structured around the country’s five-year plans — the medium-term strategic blueprints through which the Chinese government sets targets for economic growth, industry development, and environmental protection. Understanding those plans, she said, gives international market participants a reliable window into where Chinese policy is headed and what trade and investment conditions to expect.

Li Meng

China’s pulp and paper industry has grown substantially across the three most recently completed plan periods, spanning 2010 to 2025. The 14th plan period, covering 2020 to 2025, delivered the strongest growth of the last three — approximately 4.6% annually, representing a nearly 25% increase in total production over five years, with 2025 alone showing close to 4% growth in total pulp, paper, and board output. The arc across the three periods, Li said, reflects a progression from volume-driven expansion, through a phase of regulatory consolidation, to what she characterized as accelerated and more sustainable growth.

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International Pulp Week: Tissue and Other End-Uses

Kelly McCloskey, Editor
Tree Frog Forestry News
May 12, 2026
Category: Special Feature
Region: Canada, United States, International

Mathieu Wener, Economist with Numera Analytics, presented PPPC and Numera’s latest data and forecasts on global tissue demand, wood-free paper, and boxboard markets, with a closing focus on China’s growing role as an exporter of finished paper and board products.

Mathieu Wener

His presentation painted a picture of a global industry in which aggregate growth continues but is increasingly uneven — slowing in mature markets, shifting in China from domestic consumption to export-driven production, and facing a demographic headwind in North America that will cap the upside for years to come. Global tissue demand grew 1.3% in the first two months of 2026 — the weakest pace since the post-COVID destocking period of 2021, and a slowdown from both last year’s pace and the decade-long trend.

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International Pulp Week 2026: Making the Right Fibre Choices

Kelly McCloskey, Editor
Tree Frog Forestry News
May 12, 2026
Category: Special Feature
Region: Canada, United States, International

Aki Temmes, Executive Vice President of UPM Fibres and a member of the UPM Group Executive Team, opened with a pointed observation about the moment the industry finds itself in: pulp buyers are operating under a tightening triangle of cost pressure, rising quality requirements, and supply security risk — three forces converging simultaneously in ways that make fibre selection more consequential than at any previous point in his 23 years with the company.

Aki Temmes

His presentation drew on UPM’s experience as a multi-fibre pulp producer — offering eucalyptus, Nordic softwood, and Nordic birch from mills on two continents — and on mill trial results demonstrating measurable value from deliberate, data-driven furnish optimization. Temmes noted that hardwood demand will continue to grow despite ongoing uncertainty and increasing Chinese domestic integration, and that softwood, while losing share across most grades, will maintain a relevant position because of its functional properties — particularly its impact on machine runability and end product quality.

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International Pulp Week: Global Trends in Bleaching & Pulping Chemicals

By Kelly McCloskey, Editor
Tree Frog Forestry News
May 12, 2026
Category: Special Feature
Region: Canada, United States, International

Craig Murphy, Director and Global Service Lead for Bleaching Chemicals at Chemical Market Analytics by OPIS, framed his presentation around four regional stories — Latin America growing, China increasingly self-sufficient, North America in managed decline, and Europe under pressure — and traced how those trends are reshaping demand for the chemicals that pulp mills depend on to cook and bleach wood fibre.

Craig Murphy

Running through all of it is the Strait of Hormuz closure, which has created supply disruptions and cost pressures now working their way through chemical markets in ways the industry is still absorbing. …In the Q&A, Kelly McNamara asked which chemical market carries the greatest risk of supply disruption or price volatility for pulp producers. Murphy’s answer was sulfur — a core input to the kraft pulping process. It is a market already under structural pressure before the Hormuz closure, and one the closure is now compounding.

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International Pulp Week: Northern Softwood in TAD Tissue: Performance That Drives Product Quality

By Kelly McCloskey, Editor
Tree Frog Forestry News
May 12, 2026
Category: Special Feature
Region: Canada, United States, International

Ismo Nousiainen, CEO of Metsä Fibre, the world’s leading bleached softwood market pulp supplier, presented research and mill trial results making the case that northern bleached softwood kraft pulp — NBSK — remains an essential and performance-critical component in through-air-dried, or TAD,

Ismo Nousiainen

tissue production. TAD is the manufacturing technology behind premium tissue products — high-end bath tissue and kitchen towels — in which hot air rather than mechanical pressure dries the tissue web, producing significantly higher bulk, softness, and absorbency than conventional wet-pressed grades. It is the most demanding end use remaining for softwood pulp as hardwood substitution continues across other grades, and the segment where softwood’s functional properties are most clearly differentiated.

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International Pulp Week: Specialty Cellulose: Market Dynamics and Outlook

Kelly McCloskey, Editor
Tree Frog Forestry News
May 11, 2026
Category: Special Feature
Region: Canada, United States, International

Christian Chavassieu, Managing Partner of CelCo, presented on the dissolving wood pulp market — a sector representing approximately 10% of total pulp production, with supply dynamics, competitive structures, and end-use markets that differ significantly from standard market pulp.

Christian Chavassieu

His presentation covered supply, demand, pricing, and competitive structure across the sector’s main sub-segments, with particular focus on the diverging fortunes of commodity textile grades versus specialty grades, the growing role of alternative fibres, and a live anti-dumping trade case at the US Department of Commerce whose outcome could materially reshape sourcing patterns in the US market within days of the conference.

On supply, Chavassieu noted that dissolving wood pulp capacity has grown at roughly 4.1% annually over the past decade, though that pace has slowed recently with the closure of two facilities — a GP mill in the US and the Tembec mill in Temiscaming — and only modest new capacity coming online, primarily from Brazil and a new mill in Portugal.

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International Pulp Week: Carbon Capture in Pulp & Paper: Monetizing Biogenic CO2

Kelly McCloskey, Editor
Tree Frog Forestry News
May 11, 2026
Category: Special Feature
Region: Canada, United States, International

Jouni Martiskainen, Project Development Manager with Svante — a Vancouver-based carbon capture technology company with approximately 270 employees and nearly 20 years of development history — presented on the commercial case for carbon capture at pulp mills, covering the financial mechanisms available to support it, the technology the company has developed, and the specific projects underway in the forest products sector. …A central point in Martiskainen’s presentation was why pulp mills are particularly well positioned for carbon capture. The kraft pulping process produces black liquor, which is combusted in the recovery boiler — generating the white plume of steam visible at any kraft mill.

Jouni Martiskainen

That stack gas contains CO2 at a concentration of approximately 15%, compared to roughly 400 parts per million in ambient air. That concentration is a byproduct of the process rather than any deliberate design, but it makes pulp mills among the most efficient biogenic CO2 concentrators in the industrial landscape, significantly reducing the energy and capital required to capture and purify that CO2 to near 100% concentration for storage or utilization downstream.

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Business & Politics

Tariffs are gutting Canadian lumber mills. Could higher housing costs follow?

By Fergal McAlinden and Matt Sexton
Canadian Mortgage Professional
May 15, 2026
Category: Business & Politics
Region: Canada, United States

Canadian lumber mills are curtailing production, absorbing historic losses, and in some cases closing permanently – all while American competitors operate with a built-in margin advantage engineered by US tariff policy, according to wood market analyst Russ Taylor. …The practical effect is a marketplace that strongly favours US producers. Insulated from import costs, American mills are generating margins that Canadian suppliers cannot access. “The only region really making any money is the US because they’ve got what I call a huge subsidy that they’ve put on importers,” Taylor said. “So they’re gaining the margins that importers aren’t getting.” Those margins have also given US producers room to manoeuvre aggressively on pricing, further cornering their Canadian competitors. “The US mills… know that the Canadians don’t have margins – or they have break-even at best,” Taylor said. Despite the pressure, many Canadian mills have held on far longer than Taylor anticipated. 

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Canadian, U.S., and Mexican manufacturing leaders unite to urge preservation of CUSMA and free trade across North America

Canadian Manufacturers & Exporters
May 14, 2026
Category: Business & Politics
Region: Canada, United States, International

WASHINGTON — Canadian Manufacturers & Exporters (CME) and manufacturing executives from across Canada are joining their counterparts from the National Association of Manufacturers (NAM) in the United States and the Confederation of Industrial Chambers of Mexico (CONCAMIN) at the North American Manufacturing Conference in Washington this week to send a clear, united message: North America’s highly integrated manufacturing supply chains depend on preserving CUSMA (USMCA) and the free flow of trade across borders. Leaders from all three countries are urging governments to maintain and strengthen the trilateral agreement that has been the foundation of North America’s industrial competitiveness. The conference program includes executive roundtables and participation from senior trade officials including Canada’s Chief Trade Negotiator to the US, the Deputy US Trade Representative, and the Undersecretary of Foreign Trade at the Mexican Ministry of Economy.

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Canadian Government Says Commerce’s Differential Pricing Methodology Is Unlawful

By Jackson Lanzer
Trade Law Daily
May 14, 2026
Category: Business & Politics
Region: Canada, United States

The Canadian government is challenging the US Commerce Department’s differential pricing methodology in the ongoing softwood lumber dispute, arguing before the Court of International Trade that the approach is unlawful and that targeted dumping must be evaluated on a case-by-case basis. In comments filed May 11, the Canadian parties also contend Commerce unlawfully abandoned its previously used “mixed methodology” analysis and argue the agency’s current approach fails to meet the stricter legal standards emerging after the US Supreme Court’s Loper Bright ruling. [to access the full story a Trade Law Daily subscription is required

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U.S. Trade Law Enforcement and Section 232 Tariffs Boost Domestic Production and Cut Unfair Trade

By US Lumber Coalition
PR Newswire
May 12, 2026
Category: Business & Politics
Region: Canada, United States

WASHINGTON — US trade law enforcement coupled with President Trump’s Section 232 tariff measures have forced a reduction in Canada’s US market share to more natural levels not seen in half a century – currently at 19%, down from 34% in 2016. Simultaneously, ample softwood lumber supply for the US market has been sustained as the US softwood lumber industry responded by making investments to add 8.6 billion board feet of softwood lumber production capacity since 2016. Through these investments, U.S. lumber manufacturing facilities have produced an additional 36 billion board feet of lumber since 2016. That is more U.S. lumber produced by U.S. workers to build U.S. homes while supporting 1.3 million U.S. jobs. …Since August 2025, Canada announced an estimated C$2.1 billion in forestry-specific subsidies designed to counter and undermine U.S. trade law enforcement. In total, Canada’s forest industry has access to new or augmented government support programs amounting to more than C$9.9 billion dollars.

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Federal government invests $12M in B.C. forestry sector

By Brent Jang
The Globe and Mail
May 14, 2026
Category: Business & Politics
Region: Canada, Canada West

Tim Hodgson

The federal government has rolled out financial supports for BC’s beleaguered forestry industry as part of a broader funding initiative to help diversify the sector. Tim Hodgson, Canada’s Minister of Energy and Natural Resources, said that $12.4-million will be provided for 14 BC projects. The funds are part of Ottawa’s commitment to provide $2.35-billion in financial supports for Canada’s forestry industry. …NRCan said, “These projects will advance new low-carbon wood technologies; expand the use of mass timber in construction; support Indigenous groups and forest sector businesses; increase the capacity of manufacturers to add more value to wood products; and diversify Canada’s export markets for forest products.” …The largest part of the newly announced funding in BC is $7.5-million for Nelson-based Spearhead Timberworks, which specializes in glued, laminated wood products. Other recipients include Yinka Dene Economic Development, Forestry Innovation Investment, BC Institute of Technology and Laxyip Management Office Society. [to access the full story a Globe & Mail subscription is required]

Related coverage by:

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Governments of Canada and Alberta partner to support tariff-impacted workers and strengthen the workforce

By Employment and Social Development Canada
Government of Canada
May 12, 2026
Category: Business & Politics
Region: Canada, Canada West

CALGARY — Workers in sectors facing global tariff pressures will receive support to help them adapt, retrain and seize new opportunities as a result of a partnership agreement announced by federal Minister Eleanor Olszewski (on behalf of the Honourable Patty Hajdu, Minister of Jobs), and Joseph Schow, Alberta’s Minister of Jobs, Economy, Trade and Immigration. Specifically, $68.5 million over three years will be invested through the new Canada–Alberta Workforce Tariff Response to support workers and employers in the steel and softwood lumber sectors, as well as other directly and indirectly tariff-affected sectors. This new funding will help more than 7,800 workers in Alberta build new skills and transition into the in-demand jobs being created by Alberta’s strong economic growth and significant major project demand.

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Make More in B.C. project will protect, create forestry jobs

By Ministry of Forests
Government of British Columbia
May 12, 2026
Category: Business & Politics
Region: Canada, Canada West

A $2-million grant from the Province to FPInnovations will lay the groundwork to help support the development of economic hubs intended to support and grow the forestry sector. The Make More in B.C. project will support B.C.’s wood products. …Economic hubs are at the heart of the Make More in B.C initiative, fostering regional collaboration, connecting local manufacturers with local contractors and First Nations partners, unlocking fibre and forging new opportunities. …Ravi Parmar, Minister of Forests said “The Make More in B.C. project is about building a stronger, more resilient forest sector that is never again dependent on a single trading partner like the US.” Nick Arkle, CEO of Gorman Group, recently found success with this innovative concept. …The groundwork Arkle has laid through his Merritt-based working group, sets the foundation for BC’s first official economic hub in the Merritt Timber Supply Area.

Additional coverage in:

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Ontario Investing $10 Million to Modernize Georgia-Pacific North Woods Facility

By Ministry of Natural Resources
The Government of Ontario
May 12, 2026
Category: Business & Politics
Region: Canada, Canada East

ENGLEHART, Ontario — The Ontario government is investing $10 million in Georgia-Pacific North Woods to advance a major $191 million upgrade to its OSB plant. The project will support the increased production of Ontario-made wood products and protect more than 220 jobs and hundreds of indirect jobs in the region. …The province is making strategic investments to help forest sector businesses adapt, compete and grow to stay resilient in the face of US tariffs. …The government’s investment under the Forest Biomass Program will support Georgia-Pacific’s $191 million project, helping modernize and expand operations at its Englehart facility. The project includes upgrades to log processing operations, construction of new facilities, expansion of on-site storage and modern equipment. Once completed, these improvements will increase production by 14%, strengthening a key anchor facility in the northeast. Georgia-Pacific will also acquire a thermal energy system to use wood by-products for heat and power, supporting sustainable forest management by maximizing fibre value.

Additional coverage in Northern Ontario Business: Province chips in with biomass funding for Englehart OSB mill

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Europe watches Beijing summit from the sidelines and fears the worst

By Stefan Grobe
Euro News
May 13, 2026
Category: Business & Politics
Region: United States, International

The highly anticipated summit between US President Trump and his Chinese host Xi Jinping has begun – and Europe is watching from a distance. Yet, whatever the outcome is, there is little Brussels can be optimistic about. For Europe, the Trump-Xi summit is not just about US-China relations. It’s about whether the European Union ends up squeezed between two superpowers cutting tactical deals over trade, technology, energy and security – while European interests are treated as secondary (if at all). In fact, Europe might be watching the summit from a lose-lose position. The most immediate concern in Brussels and Berlin is probably nothing less than industrial survival – and it comes in the form of rare earths. …European officials fear a US-China arrangement could prioritize American access to Chinese rare earths while Europe remains vulnerable to shortages and export restrictions — effectively making it collateral damage.

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Green Building Initiative Announces Departure of CEO Vicki Worden

The Green Building Initiative
May 12, 2026
Category: Business & Politics
Region: United States

PORTLAND, Oregon — Green Building Initiative (GBI) is announcing the planned departure of its CEO, Vicki Worden. Worden is leaving to take a new CEO role after serving as GBI’s chief executive since 2015. GBI is an international nonprofit organization and ANSI accredited standards developer that operates virtually with a 30-member staff. …Sumayyah Theron, Chair of GBI’s Board of Directors and CEO and Founder of Avant-garde Sustainable Solutions, said “Under Vicki’s leadership, GBI evolved from a US-focused organization into a truly global presence, now serving members in more than 20 countries. Her vision and dedication helped GBI’s green building standards reach more than one billion square feet of certified commercial and multifamily space worldwide.” …Worden’s departure is slated for late June 2026, and a consulting firm will be engaged to manage the search for Worden’s permanent replacement. …For the transition period, GBI’s Board has appointed The Honorable Stephen T. Ayers, FAIA, as GBI’s Interim CEO.

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Georgia timber mill reopens in Washington, bringing jobs and hope to struggling industry

By Liz Owens
WRDW.com
May 13, 2026
Category: Business & Politics
Region: United States, US East

WASHINGTON, Georgia — A sawmill that once stood as the largest east of the Mississippi River in the 1990s has reopened, offering relief to Georgia’s timber industry as it struggles with mill closures, Hurricane Helene damage and recent wildfires. Wilkes Lumber has brought the old mill back online in Washington, a small mill town surrounded by endless pines along Highway 78. The facility is already operating in phase one with about 50 workers, with more hiring expected as phase two comes online in the next few weeks. The mill shut down because of the cost and capability of getting rid of chips, according to Mack Winfrey. …At a time when Georgia’s timber industry is fighting to hold on, Washington is getting back something it lost a quarter-century ago: jobs, a market and a little more hope.

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Australia faces new push to sanction Russia’s shadow hardwood timber trade

By Jason Ross
Wood Central
May 14, 2026
Category: Business & Politics
Region: International

AUSTRALIA — Timber NSW, the industry body representing the NSW hardwood industry, lodged a submission to a Senate inquiry, lobbying the Albanese government to capture all Russian-sourced timber in its sanctions regime, including engineered wood products routed through China and Southeast Asia. The Timber NSW submission, signed by Timber NSW Chief Executive Maree McCaskill, calls on the federal government to amend the Autonomous Sanctions (Import Sanctioned Goods – Russia) Designation 2022 with a new Item 17 clause covering all timber and timber products directly or indirectly sourced from Russia. The mechanism would match the European Union’s tightened sanctions adopted under EU Council Regulation 2026/506 on 23 April 2026, which closed similar third-country routing loopholes across the bloc. Arguing that tariffs alone cannot close the loophole because they rely on country-of-origin declarations, McCaskill said Australian Customs Notice 2022/21 — which applied a 35% additional duty to Russian and Belarusian goods from 25 April 2022 — has failed to stem indirect imports. 

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Finance & Economics

Canada’s housing starts jump 17% in April, six-month trend increases 3.2%

Canada Mortgage and Housing Corporation
May 15, 2026
Category: Finance & Economics
Region: Canada

OTTAWA — The six-month trend in housing starts was higher in April, with an increase of 3.2% to 256,777 units, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. Actual housing starts were down 1% year-over-year in centres with a population of 10,000 or greater, with 21,805 units recorded in April, compared to 21,938 units in April 2025. The year-to-date total was 71,011 units, up 6% from the same period in 2025, driven by higher starts in British Columbia and Ontario. The total monthly SAAR of housing starts for all areas in Canada increased 17% in April (279,317 units) compared to March (239,747 units).

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Interfor reports Q1, 2026 net loss of $63 million

By Interfor Corporation
Globe Newswire
May 14, 2026
Category: Finance & Economics
Region: Canada, United States

BURNABY, BC — Interfor Corporation recorded a net loss in Q1’26 of $63.3 million, compared to a net loss of $104.6 million in Q4’25 and a net loss of $35.1 million in Q1’25. Adjusted EBITDA was $30.7 million on sales of $643.2 million in Q1’26 versus an Adjusted EBITDA loss of $29.2 million on sales of $600.6 million in Q4’25 and Adjusted EBITDA of $48.6 million on sales of $735.5 million in Q1’25. Highlights include: Lumber production of 856 million board feet was up 103 million board feet versus the preceding quarter driven primarily by higher operating rates at the U.S. Northwest and B.C. operations. Q4’25 production was impacted by temporary production curtailments in response to weak market conditions. Due to weak market conditions and other factors, Interfor indefinitely curtailed operations at its Ear Falls, Ontario sawmill in Q1’26 and at its Nairn and Gogama, Ontario sawmills in April 2026.

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Conifex reports Q1, 2026 net loss of $9.4 million

By Conifex Timber Inc.
Globe Newswire
May 14, 2026
Category: Finance & Economics
Region: Canada, Canada West

VANCOUVER, BC — Conifex Timber reported results for the first quarter ended March 31, 2026.  EBITDA was negative $7.7 million for the quarter compared to EBITDA of negative $12.6 million in the fourth quarter of 2025 and positive EBITDA of $4.9 million in the first quarter of 2025. Net loss was $9.4 million for the quarter versus a net loss of $11.4 million in the previous quarter and net income of $0.6 million in the first quarter of 2025. In March 2026, Conifex Mackenzie Forest Products, entered into a $19 million secured term loan with the Business Development Bank of Canada under the Softwood Lumber Guarantee Program… to support working capital and operations. In early February 2026, Conifex resumed sawmill operations at the Mackenzie Mill under a two-shift configuration following an extended period of single-shift operation. …The Power Plant continued to operate on its normal schedule.

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Wholesale inflation swells

The HBS Dealer
May 13, 2026
Category: Finance & Economics
Region: United States

From March to April, the Producer Price Index (PPI) for the vast majority of commodities tracked by the US Census Bureau moved or up or down by single-digit percentages. Exceptions: Jet fuel increased 36.4%; Asphalt increased 29.4%; and softwood lumber increased 12.3%. Overall, the PPI for final demand increased 1.4% in April (seasonally adjusted), per the latest U.S. Bureau of Labor Statistics report. …The latest PPI report also sheds light on recent pricing movement for key building materials. Softwood lumber, which has seen supply tighten amid spiraling fuel costs and economic volatility, saw a sharp month-to-month bump (+12.3% from March to April 2026) after price drops early in the year. Despite the jolt, year-over-year prices for softwood lumber are just 0.9% higher than they were last year. …According to Associated Builders and Contractors, overall construction input prices are now 7% higher than one year ago, while nonresidential construction input prices are 7.4% higher.

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US Softwood Lumber Producer Price Index rose 12.3% in April

The US Bureau of Labor Statistics
May 13, 2026
Category: Finance & Economics
Region: United States

The Producer Price Index for final demand increased 1.4% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices advanced 0.7% in March and 0.6% in February. The April increase is the largest advance since rising 1.7% in March 2022. …U.S. producer prices for softwood lumber rose 12.3% in April and increased 0.9% over the past 12 months, according to the U.S. Bureau of Labor Statistics. April changes also included a 0.5% increase in hardwood lumber after a 0.1% decline in March. Millwork rose 0.7%, while plywood increased 1.2%.

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US Inflation accelerates to a near three-year high in April

By Fan-Yu Kuo
NAHB Eye on Housing
May 12, 2026
Category: Finance & Economics
Region: United States

US inflation accelerated to a nearly three-year high in April, driven by continued increases in energy costs from the Iran war. Energy costs drove more than 40% of the monthly increase, with national gasoline prices soaring above $4.50 in early May for the first time since July 2022. With energy costs straining household budgets and eroding purchasing power, this marks the first time inflation has outpaced wage growth since May 2023. As the ceasefire remains tenuous, energy prices are expected to remain elevated for months, continuing to put upward pressure on inflation and complicating the Fed’s path toward its 2% target. …On a non-seasonally adjusted basis, the Consumer Price Index (CPI) rose by 3.8% in April from a year ago, following a 3.3% increase last month, according to the BLS latest report. This was the largest annual increase since May 2023.

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Wood, Paper & Green Building

Research shows newer multifamily buildings are safer from flames than single-family homes

By Carol Kaufmann
The Pew Charitable Trusts
May 13, 2026
Category: Wood, Paper & Green Building
Region: United States

At a time when the nation is facing a severe housing shortage, more multistory apartment buildings would offer more homes to more people. And there’s a big added benefit: Residents would be much safer from fires. A new study by The Pew Charitable Trusts found that people living in big, tall, multistoried buildings—or any modern, multifamily complex—are much safer from fire than those living in a single-family house. Pew tracked all publicly reported residential fire deaths in the United States in 2023, and found that modern multifamily housing is six times safer than the rest of available housing, either multifamily housing built before 2000 or single-family housing. “New apartments are the safest type of housing there is in the U.S.,” says Alex Horowitz, project director of Pew’s housing policy initiative. “In fact, if we look at the newest apartments built since 2010, they’re 17 or 18 times safer than pre-1970 homes.”

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Vancouver development team proposes city’s first-ever ‘pod hotel’ with 408 sleeping units

By Mike Howell
Business in Vancouver
May 13, 2026
Category: Wood, Paper & Green Building
Region: Canada, US West

The City of Vancouver has received an application to rezone a downtown property to allow for the development of what would be a first in terms of a hotel design concept in the city—a 22-storey “pod hotel” containing 408 sleeping units. Unison Architecture and a developer want to build the hotel—out of a combination of concrete, steel and mass timber—on a narrow 25-foot-wide lot at 948 Howe St. “This project is targeted at budget-conscious urban travellers, especially 18- to 34-year-olds,” according to the development team’s application booklet. …Each nano pod would provide a private sleeping capsule of roughly 33 square feet. …Each nano room would be a fully enclosed space of roughly 105 square feet. The concept is not new, with Whistler and Richmond offering pod hotels. The form of accommodation is also popular in other countries, including parts of the US, Asia and Europe.

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Forestry

‘It’s a matter of respect’: forest and wildland firefighters battling Ottawa over silviculture classification ‘insult’

By Stuart Benson
The Hill Times
May 12, 2026
Category: Forestry
Region: Canada

©BCWildfireService

As Canada prepares for another “challenging” fire season, provincial wildland and forest firefighters are intensifying their push for federal recognition and respect for the public safety work they already perform. “We know we’re heading into another very dangerous wildfire season, and these firefighters need to head into it knowing that we’ve got their back,” said NDP MP Gord Johns, his party’s emergency preparedness critic. On May 7, Johns tabled his private member’s motion calling for provincial wildland/forest firefighters (WLFF) to be formally recognized as firefighters under Canada’s National Occupational Classification (NOC), instead of their current designation as silviculture workers. Johns’ motion argues that WLFFs already perform the same dangerous frontline duties as other firefighters. …The classification that denies forest firefighters the same protections and pension benefits as their urban counterparts will be reviewed, but the focus must stay on preparing for the upcoming fire season, says Emergency Management Minister Eleanor Olszewski.

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B.C. firm penalized after government-mandated forest fertilizer kills 13 cows

By Stefan Labbé
Business in Vancouver
May 13, 2026
Category: Forestry
Region: Canada, Canada West

A BC government decision to source a forest fertilizer outside the US for “political reasons” ended in disaster in an incident that killed 13 cattle and triggered a major environmental penalty. Every year, BC’s Forest Investment Program tenders contracts to fertilize thousands of hectares of forest across the province in projects meant to boost tree growth for harvesting and to capture carbon. One of the sub-contracts went to Western Aerial Applications in late September 2025. Its job was to use helicopters to scatter a newly sourced blend of fertilizer onto forests near Quesnel, BC. That plan fell apart when employees overfilled bags used to load helicopters with fertilizer. In at least six locations off Highway 26, the blue pellets spilled to the ground in unintended concentrations. …Tim Singer, a range officer with the Ministry of Forests, would later document 13 dead cows, including several found next to spilled fertilizer. 

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A Force of Nature: Canada’s Strategy to Protect Nature

Environment and Climate Change Canada
May 12, 2026
Category: Forestry
Region: Canada, Canada West

VICTORIA, BC — The Honourable Nathalie Provost, Secretary of State (Nature), highlighted 16 projects across BC. These projects represent a $272 million investment to plant over 95 million trees, helping to protect nature and biodiversity in Canada by restoring critical habitats for species at risk and wildfire-affected areas, as well as supporting Indigenous-led reforestation efforts through tree planting. … Canada’s Strategy to Protect Nature is based on three pillars for action to harmonize nature protection and economic growth: Protecting Nature in Canada, Building Canada Well, and Valuing Nature and Mobilizing Capital. Key components of the strategy include increasing our protected areas network on land and water. Elements to do this will include expanding our parks network and restoring critical habitats for species at risk, as well as recognizing and expanding on working landscapes or other effective conservation measures.

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Ontario clamps down on conservation authorities as consolidation planning continues

By Fatima Syed
The Narwhal
May 13, 2026
Category: Forestry
Region: Canada, Canada East

The amalgamation of Ontario’s 36 conservation authorities into nine regional bodies is expected to take effect in early 2027. A new directive from Environment Minister Todd McCarthy orders conservation authorities to halt any major decision-making processes, such as changing staffing structures or purchasing property, in the meantime. After a meeting between Environment Ministry officials and conservation authority staff on May 6, 2026, one public servant told The Narwhal, “The province has essentially handcuffed conservation authorities.” …A leaked document and a recording of an internal conversation between Ministry of Environment officials and conservation authority officials for this story. …In the recording, ministry officials are heard assuring attendees that they were happy to keep working with conservation authority staff, and that the government remains committed to preserving drinking water protections. But the officials repeatedly said things are still being figured out. They acknowledged the lack of answers was “not terribly reassuring” and “anxiety producing, probably” for conservation authorities.  

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Forest chief bows to Congress on state and local grants

By Marc Heller
E&E News by Politico
May 14, 2026
Category: Forestry
Region: United States

Tom Schultz

Forest Service Chief Tom Schultz promised Wednesday to defer to congressional appropriators if they refuse the Trump administration’s proposed cuts to state and local forestry grants. At a Senate Energy and Natural Resources Committee hearing, Schultz committed to spending the money Congress appropriates to state, private and tribal forestry programs — a routine process that’s become politically fraught in this administration. What would typically be an easy matter — disbursing funds as directed by Congress — has become a point of contention since the Forest Service last year diverted as much as $43 million from state and local grants to cover upfront costs of the agency’s broad staff reductions. Congress brushed off a similar cut the administration proposed for the current fiscal year, and lawmakers haven’t shown much appetite to slash funding to their states in fiscal 2027 either. Congress devoted $310 million to state, private and tribal forestry programs this year. [to access the full story a subscription is required]

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U.S. Army Engineers and U.S. Forest Service make historic agreement to accelerate forest capabilities

U.S. Army Engineer Research and Development Center (ERDC)
May 11, 2026
Category: Forestry
Region: United States

VICKSBURG, Mississippi— Thanks to a historic agreement between the US Army Engineer Research and Development Center (ERDC) and the US Forest Service (USFS), a foundational dataset has been created to bolster the nation’s forests. ERDC’s Environmental Laboratory Forest Ecosystem Dynamic team is partnering with USFS’s R&D Forest Inventory and Analysis Program to establish a collaborative framework that strengthens forest structure and composition modeling capabilities for both agencies. This one-of-a-kind agreement positions ERDC’s FED team as the only Defense R&D team with access to the necessary measured forest data, providing the US Army and Joint Force a decision advantage in vegetated environments. …“Our goal for this project is to provide tools to geospatial analysts to predict forested and other vegetated characteristics anywhere in the world,” said Beane. “Many areas have limited or no data… [and] we want the capability to predict vegetation structure and composition.”

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Carbon, Climate & Bioenergy

Wood Heat Conversions to Support Forestry Sector, Strengthen Energy Security

By Ministry of Natural Resources
Government of Nova Scotia
May 15, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada East

NOVA SCOTIA — The Province continues to support the forestry sector by making wood heat and building materials a priority in public buildings. A request for proposals issued Thursday, May 14, will see five buildings converted to heating systems that use local wood products. “We are seizing an opportunity to prioritize a local product from our forestry sector that also makes our province more self-reliant and energy secure,” said Public Works Minister Fred Tilley. “By using more local wood products, we are creating jobs, growing our economy and creating a brighter future for Nova Scotia.” …This is the first major project under the government’s wood initiative announced in July 2025. The deadline for submissions is June 24. Using wood products aligns with the Nova Scotia Loyal program, reduces reliance on imports and enhances export markets. It also supports the forestry sector, reduces greenhouse gas emissions and helps the province move to a low-carbon economy.

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El Niño is coming faster than expected and chances are rising that it will be historically strong

By Chris Doice
CNN Weather
May 14, 2026
Category: Carbon, Climate & Bioenergy
Region: United States

El Niño is emerging even faster than expected in the Pacific Ocean and odds are increasing that it could become historically strong — a rare “Super” El Niño — by fall or winter. This is according to a just-released update from NOAA’s Climate Prediction Center that says there is a 2 in 3 chance that El Niño’s peak strength will be strong or very strong. El Niño is a natural climate cycle that happens when the tropical Pacific Ocean warms enough to trigger shifts in wind patterns throughout the atmosphere, which has a ripple effect on weather conditions worldwide. Droughts and heat waves can flourish in some regions, fueling wildfire danger and water supply concerns, while others are swamped by flooding rainfall. El Niño’s far-reaching effects can also stymie the Atlantic hurricane season. On a larger scale, it causes already rising global temperatures from human-caused climate change to spike even higher. Stronger El Niños make all these impacts more likely.

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Louisiana House Approves Wood Pellet Legislation

By Erin Kreuger
Biomass Magazine
May 14, 2026
Category: Carbon, Climate & Bioenergy
Region: United States, US East

The Louisiana House of Representatives on May 13 voted unanimously to approve a bill that aims to benefit the state’s wood pellet manufacturing industry. Also on May 13, the bill reported favorably out of the Senate Committee on Commerce, Consumer Protection and International Affairs. The legislation now awaits action from the Louisiana Senate.  The bill, HB 670, was introduced in late February by state Rep. Charles Owen and amended twice as it moved through House committees. It aims to benefit the state’s wood pellet manufacturing industry by streamlining permitting, developing a skilled workforce and facilitating the efficient transportation and export of wood pellets.  The bill, as amended, allows Louisiana Economic Development, a cabinet-level agency focused on business growth, to support the recruitment, retention, and expansion of wood pellet manufacturing facilities in this state within existing statutory authority and subject to the availability of funds. 

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Health & Safety

Port Wentworth residents near paper mill report concerning white dust

By Jillian Magtoto and Destini Ambus
Savannah Morning News
May 14, 2026
Category: Health & Safety
Region: United States, US East

GEORGIA — Residents of a Port Wentworth neighborhood believe chemical dust from a nearby International Paper mill is causing health concerns and property damage. Many residents reported shared health symptoms, including sinus issues, burning eyes and coughing. Despite resident complaints and visible white powder on cars and homes, the Georgia Environmental Protection Division has not found the mill in violation of its permits. …The Savannah Morning News collected dust scraped off of one resident’s car about 700 feet from the mill and sent it to third-party lab Eurofins for testing. Eurofins stated that most of the sample was likely calcium carbonate, a white to tan odorless powder, a major component of lime mud. The International Paper mill generates lime mud, according to its operating permit. …The North Carolina Department of Environmental Quality (DEQ) confirmed that the dust contained calcium, and narrowed down the likely culprit to the mill’s lime kiln.

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