A disturbing effect of the Trump era is how the most routine bureaucratic exercises become freighted with existential panic. …Despite having negotiated it himself, Donald Trump has attacked the CUSMA deal relentlessly. …The drumbeat of reporting over the coming sit-down with US officials might have you believing we are headed for gladiatorial combat, and not besuited teams working out the fine print of customs classifications and supply chain logistics. In this world, Pascal Chan, who helps lead the Canadian Chamber of Commerce, has emerged as a kind of trade whisperer. …Pascal Chan: There’s concern that if we don’t get to a renewal right now, everything falls apart. That’s not the case. We just go then into an annual review cycle every year. Sure, if we can hit a renewal now, that’s great. It extends the duration of the agreement. But the practical effect of a failed renewal is more uncertainty, not instant collapse.
NEW YORK — BTG Pactual Timberland Investment Group, timberland investment managers, announced the acquisition of approximately 90,000 acres of US timberland formerly managed by Jamestown, a global design-focused real estate investment and management firm. …The portfolio of high-quality timberland spans five U.S. states, including approximately 50,000 acres of pine timberland in Georgia and Alabama and approximately 40,000 acres of diversified hardwood timberland across Indiana, Pennsylvania, and New York. All properties are certified under the Sustainable Forestry Initiative (SFI). The acquisition increases BTG Pactual TIG’s core U.S. timberland strategy’s portfolio to more than 1.7 million acres. The firm manages 3.3 million acres globally. The transaction creates further opportunities for BTG Pactual TIG to scale positive conservation outcomes through its long-term collaboration with The Nature Conservancy (TNC), Conservation Advisor to the firm’s core U.S. timberland strategy.
NEW ZEALAND — PF Olsen and Forest360 have merged to become New Zealand’s biggest independent forestry manager, trading as Stand Forestry. The companies announced their merger late last year, backed by new investment from Adamantem Capital’s Environmental Opportunities Fund and supported by PF Olsen’s Quayside Holdings. …The new brand will combine 75 years’ experience, a workforce of more than 200 skilled professionals and 480,000ha of forestry under management on both sides of the Tasman, the companies said. …The company recently launched a new carbon joint venture model in New Zealand to make it easier for farmers and landowners to participate in the Emissions Trading Scheme. …The merged group has more than 1000 clients, from major institutional investors to family-run businesses and private landowners. PF Olsen also has a large operation in Australia, managing 212,000ha.
Lumber climbed past $630 per thousand board feet, the highest level since October, amid higher effective US import costs on Canadian softwood and tighter expected supply. Prices rose despite a small reduction in preliminary antidumping and countervailing duties, because the combined tariff burden remains high at about 35.9% including the existing Section 232 levy, set to take effect in August. The market is also being driven by uncertainty ahead of final duty decisions, prompting buyers to accelerate purchases and lift near-term demand. At the same time, US domestic production is still constrained, while housing-related consumption remains structurally large, with softwood lumber and engineered wood products heavily used in new construction. Each new home requires roughly 15,000 board feet of lumber plus extensive engineered wood products, keeping baseline consumption elevated even in a softer housing cycle. [END]
While supply concerns are still weighing on housing affordability, a combination of soaring prices and economic uncertainty is dragging on housing demand, according to the annual 
Global oil prices fell on Monday following news of a tentative deal between Iran and the U.S. to extend their ceasefire agreement and reopen the Strait of Hormuz, but a veteran oil watcher doesn’t see crude prices returning to pre-war levels anytime soon. Eric Nuttall, partner at Ninepoint Partners, said that traders are trying to determine where the price of oil will settle out in the coming days and weeks, as many key details about the deal still need to be ironed out. …Nuttall noted that even if the strategically important Strait of Hormuz is fully reopened as a result of the Iran-U.S. deal, it will take time for oil markets to recover from the volatility of the last three and a half months. …In addition to the logistical backlog and supply chain disruption, the war in Iran has caused extensive damage to petroleum facilities across the Middle East, Nuttall explained.
A top US Customs and Border Protection (CBP) official told Court of International Trade (CIT) Judge Richard Eaton on 9 June that the agency is still creating a process for refunding tariffs that involve more complex entry types and that have been finally liquidated (i.e., are more than 90 days post-liquidation) in the Consolidated Administration and Processing of Entries portal. “We can’t do it all at once,” CBP Executive Assistant Commissioner Susan Thomas testified. ….The US Trade Representative (USTR) is 
A bipartisan bill in the US House is calling for additional incentives to use of mass timber building materials in federal contracting. Introduced by House Ag Committee Chair Glenn Thompson (R-PA) and Andrea Salinas (D-OR), the 
2025 was a landmark year for FSC Canada, one defined by transition, renewed clarity, and a deepening of the values that anchor our mission. I am proud to reflect on a year in which FSC Canada strengthened its role as a trusted leader in responsible forest stewardship. This year marked an important moment in our organization’s history with the retirement of François Dufresne, who served as President and CEO for more than a decade. François guided FSC Canada through periods of significant change in the forest sector, always with integrity, steadiness, and a commitment to collaboration. …We also welcomed Monika Patel as FSC Canada’s new President and CEO. Monika brings a clear strategic vision, a deep understanding of the FSC system, and a values driven approach that aligns strongly with our mission. Her leadership has already brought renewed focus to our priorities and strengthened our engagement with partners across the country. 
Way back in 1995 Bob Brown, the Republican president of the Montana Senate, called me into his office. He had co-sponsored a bill with a pro-logging Missoula Democrat to establish a “sustained yield” level of logging on Montana’s state trust lands – and he was worried it wasn’t working out the way he hoped. Bob was right to be worried then and Montanans are right to be worried now because Trump’s Forest Service Chief and former timber industry lobbyist Tom Schultz, has just unleashed the “sustained yield” scam on Montana’s National Forests. …My advice to Bob was to let the bill die because he didn’t have the votes to remove the amendments the timber industry lobbyists stuck on the bill. But he didn’t take that advice. …Two years later, Tom Schultz went to work for Montana’s Department of Natural Resources and Conservation, earning the sobriquet “Chainsaw Tom” for his pro-logging zeal.
Connecticut’s Department of Energy and Environmental Protection (DEEP) announced two federally funded grant programs totaling $1.23 million for urban and community forestry projects, with application deadlines in August 2026. The programs are available through DEEP’s 
UK — The City watchdog has closed an investigation into the owner of the Drax power plant after an almost 10-month review into whether the company’s sustainability claims mislead shareholders. The Financial Conduct Authority said it had “reviewed thousands of pages” of “complex material” relating to the company’s sourcing of wood pellets for the Drax power plant in Selby, North Yorkshire, but “did not find evidence that justified any further action”. The regulator began the investigation last year into whether Drax’s annual reports and accounts between 2021 and 2023 misled shareholders or left out important information investors needed to know about the origins of its biomass fuel. …Ofgem found at the time that there was no evidence to suggest the breach was deliberate, and said instead that it was “technical in nature”. It also found no evidence that the biomass sourced was unsustainable or that Drax had wrongly laid claim to renewable energy subsidies.
OTTAWA — Three young women and two environmental groups on Tuesday filed a lawsuit against the Canadian government seeking to force it to develop an action plan to meet its key climate goals. The lawsuit comes as Prime Minister Mark Carney’s government shifts Canada’s climate and energy priorities, rolling back key environmental policies while advancing major energy and infrastructure projects to reduce dependence on the United States. Announcing the lawsuit, plaintiff Shirley Barnea, a university student from Quebec, said authorities had an obligation to build a sustainable future for younger generations. …The legal action aims to compel the government “to chart a credible, up-to-date course of action” and “to protect Canadians from the worsening impacts of climate change,” according to a statement from the Canadian Association of Physicians for the Environment (CAPE), which is also a party to the lawsuit.
NEW BRUNSWICK — On the morning of May 26, a provincial air quality monitoring station on the west side of Saint John began registering unusual readings. …There was no special public notification about the west side spike, even though the environment department watched it develop and was concerned enough to launch an immediate investigation to determine the cause. …The department, in emails, said it believes operations and maintenance work at the Irving Pulp & Paper mill could have been a contributing factor. …“The cause appears to be a combination of unusual weather, which trapped pollutants at ground level rather than dispersing them upward, combined with higher than ordinary emissions during a cleaning/maintenance cycle at the mill.” J.D. Irving said there is “no concrete way to confirm” it caused the poor air quality readings but said adjustments in mill operations were made at the time to be on the safe side.