Citing market conditions, Cascades is closing two containerboard plants in Ontario and one in Connecticut. In related news: packaging giant Mondi considers bid to buy GS Smith; Hasslacher invests in Ontario mass timber producer Element5; and the Pactiv Evergreen paper mill is hit with new water violations. Meanwhile: the US price rise of 3.1% and Canada’s strong job market push back timing of interest rate cuts.
In Forestry/Climate news: FPAC unveils Roadmap Towards Net-Zero at GLOBE Forum; a new UN report points to species at risk due to habitat loss; University of Northern BC secures grant to study glyphosate effects; and a new report says global deforestation leads to more mercury pollution. Meanwhile; BC finally receives some much-needed snow, as Ontario reports a lack of snow pack before fire season.
Finally, US hemp builders say their homes contain no psychoactive properties. Darn?
Kelly McCloskey, Tree Frog Editor