Category Archives: Business & Politics

Business & Politics

Democrats push vote on tariffs targeting Canada as Trump calls for Republican support

By Kelly Geraldine Malone
Business in Vancouver
April 2, 2025
Category: Business & Politics
Region: Canada, United States

Democrats in the U.S. Senate are moving forward on a resolution to block sweeping tariffs targeting Canada as President Donald Trump presses Republican lawmakers to continue backing his trade agenda. Sen. Tim Kaine plans to force a vote on Trump’s use of the International Economic Emergency Powers Act, also called IEEPA, to declare an emergency over fentanyl trafficking to hit Canada with devastating duties. “The president has justified the imposition of these tariffs on, in my view, a made-up emergency,” Kaine said Tuesday. U.S. government data shows the volume of fentanyl seized at the northern border is tiny. The Annual Threat Assessment report, released last week, does not mention Canada in its section on illicit drugs and fentanyl. The vote will test whether Republican senators continue to back Trump’s tariffs on Canada — tariffs that, according to polling, are not supported by most Americans.

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Surviving Trump’s tariffs—it will be a long time before we have a new normal

By Robert McKellar, principal at Harmattan Risk
Truck LoggerBC Magazine
April 2, 2025
Category: Business & Politics
Region: Canada, United States

Robert McKellar

You know that times have changed when a political risk consultant experienced in managing challenges for companies working in the Middle East or West Africa casts an eye on BC’s forest industry. …The TLA and its members already manage political risk to BC’s logging industry, but given what lies ahead, a broader and more explicit political risk mindset can only help. On the domestic front, provincial and federal government policy is an ongoing source of political risk. …This is not a new challenge, but it has become particularly pressing in the context of the shockwaves from the return of Donald Trump and the threat of tariffs and duties. …The lack of provincial and federal government regulatory clarity alongside a serious squeeze in the US market, means that the lumber industry is somewhat impaired and confused just when it needs to be maximally focused and agile, and capable of inspiring investor confidence.

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A reality check on Trump’s potential ‘Liberation Day’ trade beefs with Canada

By Barbara Shecter
The Financial Post
April 1, 2025
Category: Business & Politics
Region: Canada, United States

The United States is scheduled to unveil reciprocal tariffs on a wide array of trading partners, including Canada. Dubbed “Liberation Day” by Donald Trump, the measures are meant to even things out with those who, in Trump’s eyes, have unfairly taken advantage of the US with tariffs and other non-tariff barriers. …Aside from steel, aluminum and autos, which are already facing separate tariffs, here are the issues the U.S. has singled out as problematic in their trade with Canada that could factor in to the Liberation Day announcement, and what economists and trade officials have to say about them. What Trump says: He has lumped his anger about dairy and lumber tariffs together, threatening to act immediately on unfair treatment by Canada. He also said the U.S. does not need any Canadian lumber. Reality Check: There is far from enough lumber produced in the U.S. to meet building demand.

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White House considering roughly 20% tariff on most imports, report says

By Jesse Pound
CNBC News
April 1, 2025
Category: Business & Politics
Region: Canada, United States, International

White House aides have drafted a proposal that would levy tariffs of roughly 20% on most imports, the Washington Post reported. The report cited three people familiar with the matter. It also said White House advisers cautioned that several options are still on the table, meaning the 20% tariffs may not come to pass. Another plan being considered is the country-by-country “reciprocal” approach, according to the Washington Post. The report comes a day before April 2, when President Donald Trump is set to announce his larger plans for global trade. The date has loomed over Wall Street, where stocks have been struggling in part due to uncertainty around rapidly changing global trade policy. Unlike the tariffs already announced by the Trump administration, the new plan is expected to be more widespread and permanent as opposed to targeting specific countries or industries. 

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Republican senators face uncomfortable vote on Trump’s Canadian tariffs

Associated Press in CBC News
April 1, 2025
Category: Business & Politics
Region: Canada, United States

Tim Kaine

Senate Democrats are putting Republican support for some of Donald Trump’s tariff plans to the test by forcing a vote to nullify the emergency declaration that underpins the levies on Canada. Republicans have watched with some unease as the president’s attempts to remake global trade have sent the stock market downward, but they have so far stood by Trump’s on-again-off-again threats to levy taxes on imported goods. Even as the resolution from Democratic Sen. Tim Kaine of Virginia offered them a potential off-ramp to the tariffs levied on Canadian imports, Republican leaders were trying to keep senators in line by focusing on fentanyl that comes into the U.S. over its northern border. Kaine’s resolution — expected to go to a vote as early as Tuesday — challenges Trump’s use of the International Economic Emergency Powers Act, to declare an emergency at the northern border in order to hit Canada with tariffs. 

Associated Press – A Senate vote to reverse Trump’s tariffs on Canada is testing Republican support

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Canada’s economic resiliency begins with forestry industry

Unifor Canada
March 26, 2025
Category: Business & Politics
Region: Canada

Unifor’s Forestry Council Executive Committee members met this week at the national office and were joined by National leadership to discuss the ongoing tariff threat to Canadian forestry, pulp and paper and lumber members. The seven members of the Forestry Executive, with representatives from across Canada, met in Toronto on March 25 to consider the latest developments in the ongoing trade war and the softwood lumber dispute, both of which represent existential threats to forestry workers and communities from coast-to-coast-to-coast. …“With the threats coming to our sector, it’s important to talk about a game plan to protect the longevity of forestry and pulp and paper.” …”Trump believes he doesn’t need lumber, and he doesn’t need any of our other products either,” Unifor National President Lana Payne in her remarks. “It’s no longer an assault on just the lumber industry; it’s an assault on all the forestry industry.”

Related content: Watch a YouTube video with Unifor National President Lana Payne and Quebec Director Daniel Cloutier

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How Canada can shake off the US softwood lumber dispute and grow the sector

By Ajay Nandalall
RBC Thought Leadership
March 26, 2025
Category: Business & Politics
Region: Canada, United States

Canada’s intractable softwood lumber dispute with the US has long cast a shadow over the country’s promising forestry sector. However, reimagining its potential, building a value-added industry, and seeking new markets could be the playbook that Canada can replicate across the wider economy as more American tariffs come our way. Forestry products account for 7.5% of Canada’s total exports, comprising 1.2% of the country’s GDP, or $33.4 billion. Crucially, the industry employs more than 200,000 workers. These numbers could climb higher if Canada can resolve several other challenges that have been weighing down the industry, including wildfires in BC and Alberta, pests, and increased regulations, that have all contributed to dozens of Canadian mill closures. Here are three ways Canada can look beyond the softwood lumber tariff dispute with the U.S. and build up the forestry sector. 1. Capitalize on the e-commerce boom …2. Look beyond lumber …3. Global housing shortage could be a catalyst.

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Trump tariffs on Canadian lumber risk pinching toilet paper supply

By Mathieu Dion and Thomas Seal
Bloomberg News in the Financial Post
March 27, 2025
Category: Business & Politics
Region: Canada, United States

President Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper….While Trump advocates for new tariffs partly to bolster US manufacturing, they may also hit the availability of northern bleached softwood kraft pulp, or NBSK, a key component in making toilet paper and paper towels. NBSK constitutes about 30% of standard U.S. bathroom tissue and half of a typical paper towel, and is currently sourced primarily from Canada, said Brian McClay, chairman of TTOBMA. He added that the U.S. imported about 2 million tons of Canadian NBSK last year, highlighting the longstanding reliance of American paper-goods producers on pulp from their northern neighbour. …“If Canadian pulp mills close because they don’t have the fibre supply, I can’t think of any other option for them — they just can’t switch the recipe around,” he said. The scenario risks reviving painful memories of pandemic-era toilet paper shortages.

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Trump says larger tariffs could be imposed on Canada, EU if they cause US ‘economic harm’

By Surbhi Misra & Shubham Kalia
Reuters in CTV News
March 27, 2025
Category: Business & Politics
Region: Canada, United States, International

US President Trump said, “If the European Union works with Canada in order to do economic harm to the USA, large scale tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had,” he said. On Wednesday, Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected US allies. European Commission President Ursula von der Leyen described the move as “bad for businesses, worse for consumers,” while Prime Minister Mark Carney labeled the tariffs a “direct attack” on Canadian workers and said retaliatory measures were being considered. The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the US trade deficit. 

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Announcing New TLA Executive Director – Peter Lister

BC Truck Loggers Association
April 1, 2025
Category: Business & Politics
Region: Canada, Canada West
Peter Lister

Peter Lister

The Truck Loggers Association’s Board of Directors is pleased to announce the appointment of their new Executive Director, Peter Lister, effective Thursday, May 15, 2025. Peter has been involved in the forest sector for over 25 years. …In 2009, when FERIC merged to create FPInnovations, Peter became vice president of the Forest Operations Division with full responsibility for research, membership, bottom-line financial performance and over 200 staff across Canada. …In 2016, Peter joined Seaspan Marine providing tugboat services and transportation for the coastal BC forest sector. As senior vice president, Peter led a team responsible for Seaspan’s business development, sales and customer service activities… Peter has a master’s degree in mechanical engineering from the University of British Columbia and is a registered professional engineer in BC.

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COFI Releases Study on Competitiveness and Sustainability in the BC Forest Sector

Council of Forest Industries
April 1, 2025
Category: Business & Politics
Region: Canada, Canada West

The BC Council of Forest Industries (COFI) released a new report, “Competitiveness & Sustainability in the BC Forest Sector,” comparing BC’s forest industry with other forestry regions around the world. The study was written by O’Kelly Acumen, and it highlights a strong link between a stable wood supply and investment attractiveness—areas where BC is lagging its competitors, putting its future at risk. Unless BC can address uncertainty in wood supply, the province will struggle to attract and retain forest industry investment. The report provides an in-depth analysis through three components:

  • Forest Sector Performance in international forestry regions across North America, South America and Europe is benchmarked using economic and sustainability data from international organizations and national statistics offices.
  • A survey of global industry leaders captured their perceptions of the competitiveness of the different regions across eight factors, including investment attractiveness and wood supply.  Lessons learned and opportunities to enhance BC’s long-term economic growth, resilience and sustainability are outlined.

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Policy to blame as B.C.’s forestry squeeze gets worse

By Jerome Gessaroli, senior fellow at ResourceWorks
Business in Vancouver
March 31, 2025
Category: Business & Politics
Region: Canada, Canada West

Another wave of sawmill closures swept across British Columbia in 2024, from West Fraser’s Fraser Lake facility to Canfor’s operations in Polar, Vanderhoof, and Fort St. John. As the Northern View reported, Chief Robert Michelle of the Stellat’en warned that “the economic impact for our communities will be dire,” citing job losses not just in the Fraser Lake mill but also among log haulers, restaurant workers and gas station employees… It is clear that current conditions cannot sustain profitable operations, leaving businesses struggling and workers unemployed. The fundamental issue lies in how Victoria approaches forest policy. The government faces mounting pressure from multiple stakeholders. Environmental groups advocate for reduced harvesting levels, while Indigenous communities seek both greater access to timber supplies and a larger role in forest management. While environmental protection and Indigenous rights are important considerations in forest management, and rightly so, the government’s approach has failed to balance these priorities with economic sustainability.

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COFI Convention to Focus on the Future of Forestry in BC

The BC Council of Forest Industries
March 31, 2025
Category: Business & Politics
Region: Canada, Canada West

Vancouver, BCThis week, the BC Council of Forest Industries (COFI) will welcome more than 600 industry, government, and Indigenous leaders to Prince George for a sold-out COFI 2025 Convention, running April 2-4. As one of the largest annual gatherings of the forest sector in Western Canada, the convention focuses on urgent challenges facing the industry—and the path forward. Attendees are set to explore how the sector can respond to rising US tariffs, global trade uncertainty and regulatory complexity. Discussions will center on strategies to improve industry competitiveness, strengthen partnerships with First Nations and sustain local jobs, while positioning BC as a global leader in sustainable forestry. … A highlight of the convention will be the release of a new study comparing international forest jurisdictions by Glen O’Kelly, CEO of O’Kelly Acumen, benchmarking BC’s performance against leading forestry regions—including Sweden, Finland, Austria, the US, and Brazil. 

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B.C.’s forest industry looks for new opportunities as U.S. tariffs threaten knockout blow

By Andrew Kurjata, Lyndsay Duncombe, & Chris Corday
CBC News
April 1, 2025
Category: Business & Politics
Region: Canada, Canada West

Lyndsay Duncombe & Brian Frenkel

One year ago, the Plateau sawmill was the largest single employer in Vanderhoof, a community of 4,500 people about an hour’s drive west of Prince George that bills itself as the geographic centre of B.C. Today, its lumber yard sits empty — one of dozens of mill closures and curtailments around the province that have sent hundreds of people who had held long-term union jobs seeking employment elsewhere. This keeps Coun. Brian Frenkel up at night, especially as the industry prepares for another hit in the form of U.S. tariffs this week. …Seeking new opportunities amid cascading crises will be a key theme this week in Prince George at the B.C. Council of Forest Industries convention. …Frenkel says he doesn’t see a future without forestry, but agrees that better management is needed so that environmental concerns and jobs can coexist, with First Nations and local communities playing a key role.

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Forestry is the focus as COFI brings annual conference to Prince George

The Prince George Citizen
March 29, 2025
Category: Business & Politics
Region: Canada, Canada West

PRINCE GEORGE — The BC Council of Forest Industries (COFI) will hold its annual convention at the Prince George Conference and Civic Centre from Wednesday, April 2 to Friday, April 4. More than 600 delegates are expected, including industry executives, policymakers, and First Nations leaders. The theme of the conference is Where Do We Stand? Strategies for Competitiveness and Sustainability. …Discussions will focus on global trade, product diversification, wildfire resilience, and fibre supply, with opportunities for delegates to engage with decision-makers across the supply chain. Keynotes and panel discussions will cover topics such as global trade, sustainability, and wildfire resilience. The conference will also feature a trade show and networking opportunities. …A session on fibre availability will feature insights from former BC cabinet minister George Abbott, while BC Forests Minister Ravi Parmar will provide an address on the future of forestry in the province.

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Cariboo’s West Fraser adapts to uncertainty

By Andie Mollins
The Williams Lake Tribune
March 29, 2025
Category: Business & Politics
Region: Canada, Canada West

As the Cariboo’s largest forestry company marks 70 years in the industry, the need to adapt to an ever-changing world continues to be a reality for West Fraser. With growing uncertainties in the wake of climate change and the current U.S. administration’s inconsistent and unreliable decision-making, West Fraser faces a multitude of challenges which require close monitoring and forward-thinking planning. …“Forests are complex ecosystems that require careful management for a range of environmental, social, economic and cultural values,” said Chad Swanson, the company’s chief forester of B.C. operations. The company harvests less than 0.5% of the forests it manages per year. …“At this point we continue to monitor the situation closely and are working with our Federal and Provincial governments to support them in their effort,” said Joyce Wagenaar, the company’s director of communications, in response to Black Press’ inquiry on the impacts of U.S. tariffs.

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Alberta Minister of Forestry and Parks to advocate for fair trade practices in Texas

By Jayk Sterkenburg
Chat News Today
March 30, 2025
Category: Business & Politics
Region: Canada, Canada West

Todd Loewen

A trade mission aims to highlight the importance of Alberta’s high-quality wood products and ensure continued access to the vital market, as Texas is Alberta’s largest U.S. market for lumber. From March 31 to April 3, Alberta’s Minister of Forestry and Parks Todd Loewen and a delegation from the Alberta Forest Products Association will meet with key government officials, industry representatives and advocacy groups in Texas. …Texas received $176 million worth of Alberta lumber in 2024, accounting for 17% of the province’s total lumber exports to the US. …Loewen said “Our wood products are vital to homebuilding and helping American businesses grow, and we are committed to ensuring this partnership continues to flourish”. …In 2024, $3 billion of Alberta forest products were exported to the U.S., representing 72% of Alberta’s total forest product exports. These exports included $1 billion worth of softwood lumber, $808 million worth of OSB, $704 million worth of kraft pulp.

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Fire at West Fraser quickly contained by fire crews

By Lauren Meister
Cochrane Now
March 28, 2025
Category: Business & Politics
Region: Canada, Canada West

COCHRAN, Alberta — A fire broke out at West Fraser Cochrane on Wednesday evening, prompting a swift response from Cochrane Fire Services. According to Fire Chief Shawn Polley, several calls came in reporting a vehicle fire in the company’s mulch lot. …”The staff at West Fraser did a great job moving the vehicle to an open area, giving fire crews good access and preventing the fire from spreading to nearby mulch or a log deck.” The on-duty crew quickly contained the blaze using a single hose line, and a water tender was brought in to ensure an adequate water supply. Thanks to the rapid response, the fire was fully suppressed within an hour. While the exact cause of the fire is still under investigation, Polley noted that equipment failure may have been a factor.

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B.C.’s forestry minister wants to create steady work in Merritt

By Ty Lim
The Merritt Herald
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

A steady course is set for Merritt’s forestry industry after Mayor Mike Goetz met with the B.C.’s Forestry Minister Ravi Parmar. Parmar, who was recently appointed as forestry minister for the NDP’s B.C. cabinet last November, came to Merritt as part of a tour of the Interior last Thursday. …He came to Merritt under the pretense of wildfire management and discussions on how to defend the timber industry from U.S. tariffs. …During the March 20 meeting Goetz and Parmar discussed mill closures and the need for stabilizing the local industry. “We’re here to support the workers, to keep them working. So the whole idea is, as a city, we need Aspen Planers open. We need these permits. We need this wood,” Goetz said. The permits Goetz talks about are for approvals for forestry practices which include cutting permits, annual allowable cuts and the necessary consultation with First Nations.

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Mike de Jong will run as independent in Abbotsford-South Langley

By Dan Ferguson
Surrey Now-Leader
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

Mike de Jong

Mike de Jong has confirmed he will be running as an independent candidate in the Abbotsford-South Langley riding. De Jong made the announcement Wednesday (March 26), less than a month after he was denied the Conservative Party of Canada nomination for Abbotsford-South Langley on March 3 despite being endorsed by the local electoral district candidate selection committee. Since then, de Jong estimated he’s heard from “thousands” of people urging him to run. …When he challenged the decision by Conservative party higher-ups, de Jong said the party refused to provide any explanation for their decision to disallow his candidacy beyond the claim that he was “unqualified”. …The trade war will be a key issue in the election for de Jong, a former provincial Liberal MLA who served as minister of forests as well as minister of labour and citizens’ services, minister of Aboriginal affairs and reconciliation, attorney general, and minister of finance.

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BC’s hopes for a hydrogen economy are under threat. Canfor/Teralta Prince George project paused

By Jason Proctor
CBC News
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

At least seven “large-scale hydrogen projects” were cancelled or paused. …One of those plans — Fortescue’s Project Coyote — has since been made public, but six more projects that have been quietly put on ice, including a Prince George clean hydrogen project. Hydrogen’s potential as an environmentally-friendly alternative to fossil fuels has generated global excitement. It can be produced from domestic resources including natural gas, biomass, and wind or solar power… with zero to negligible amounts of greenhouse gases. Eby announced a project led by Chilliwack-based Teralta Hydrogen Solutions to power a Canfor mill with hydrogen produced as a byproduct from a nearby Chemtrade sodium chlorate production facility. But according to the FOI documents, that project has since been paused. …A Teralta spokesperson said that while the project itself was successful, the closure of the Canfor mill and Chemtrade’s decision to stop producing sodium chlorate in Prince George meant it was no longer viable.

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Calm, Cool, & Collaborative: Leadership for Turbulent Times

Council of Forest Industries
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

COFI 2025 – April 2-4 in Prince George, BC — As BC’s forest sector grapples with significant turbulence – including US tariffs, geopolitical uncertainty, and sector-wide challenges in BC – strong leadership and collaboration are essential to securing a sustainable and competitive future. The “Calm, Cool, & Collaborative: Leadership for Turbulent Times” panel at the 2025 COFI Convention will bring together senior decision-makers from industry, government, and First Nations. These influential voices will share their insights on navigating market uncertainty, shaping effective policies, and strengthening community resilience. Jon our panelists: Hon. Ravi Parmar, Minister of Forests, Province of BC; Chief Councillor John Jack, Huu-ay-aht First Nations; Juan Carlos Bueno, President & CEO, Mercer International; and Lisa Dominato, Councillor, City of Vancouver for a lively discussion moderated by Greg Stewart, President, Sinclar Group Forest Products Ltd. & Chair, COFI Board of Directors. 

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New Brunswick considers cutting deal with wood firms to beat Trump tariffs

By John Chilibeck
The Telegraph-Journal
April 1, 2025
Category: Business & Politics
Region: Canada, Canada East

John Herron

New Brunswick might charge timber and paper companies less money for cutting trees on public land should the United States impose another round of punishing tariffs on the wood industry. Facing questions during main estimates on Tuesday, Natural Resources Minister John Herron told a legislative committee he was prepared to defend what he called New Brunswick’s principal economic engine, worth $3 billion a year in exports and employing close to 24,000 people. “We know if the wood stays in the forest, the sawmills don’t turn,” he said. “We’re paying very close attention to that.” There’s growing fear that U.S. President Donald Trump will announce additional tariffs on Canadian wood products on Wednesday. …Herron told the House on Tuesday he wants to protect the $2 billion in payroll the industry spends on its workers. …But lowering stumpage fees would also feed into the arguments made by the US for imposing countervailing duties. [to access the full story, a subscription may be required]

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Tariffs a ‘real opportunity’ for made-in-Ontario supply chain: OFIA president

By Marissa Lentz-McGrath
Timmins Today
March 29, 2025
Category: Business & Politics
Region: Canada, Canada East

Ontario’s forestry sector is feeling the weight of ongoing trade disputes and potential new tariffs. In talks with the US and industry leaders, Ontario Forest Industries Association president Ian Dunn said the message is about collaboration. …“We met with the National Association of Home Builders. Obviously, they’re very concerned about the pricing of construction materials. They’re looking for free trade, and they are a very loud voice.” …“But at the end of the day, the Ontario industry is going to have very little sway or impact on the Trump administration. It’s going to require Americans talking to their administration.” …Given the heavy reliance on the U.S. market — where 97% of Ontario’s forestry exports go — Dunn sees diversification as a necessary step. …“I’m hopeful that there will be a settlement on a softwood lumber dispute. I’m hopeful that Canada and the US will find a path forward on tariffs in general,” he said.

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Uncertainty Reigns as ‘Liberation Day’ on Tariffs Approaches

National Association of Home Builders
April 1, 2025
Category: Business & Politics
Region: United States

The president has announced he will impose “reciprocal tariffs” on all nations on April 2. There is currently no procedure in place for how the tariffs will be implemented. …Tariffs on building materials act as a tax on American builders, home buyers and consumers. Builders estimate an average cost increase of $9,200 per home due to recent tariff actions, according to the March 2025 NAHB/Wells Fargo Housing Market Index. Of course, the effects of the tariffs on the housing industry go far beyond Canadian lumber. For example, 70% of the imports of gypsum, which is used to make drywall, comes from Mexico. …The tariffs are not only expected to raise the cost of building materials — which are up 34% since December 2020, far higher than the rate of inflation — but also wreak havoc on the building material supply chain. In turn, this will put even more upward price pressure on building materials. Here is what the NAHB doing.

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National Lumber and Building Material Dealers (NLMBDA) appeals to White House on tariffs and lumber

By Jonathan Paine, NLMBDA President
HBSDealer
March 31, 2025
Category: Business & Politics
Region: United States

The US-Canadian lumber and building material industry is predicated on a fundamental understanding that our respective economies flourish when we engage in robust and fair trade between our two nations. Canada has long been a crucial partner in providing the United States with lumber and various building materials. These products are essential to the construction of homes, commercial buildings, and infrastructure across the United States. …Our industry is supportive of your administration’s initiative of increasing domestic sourcing of lumber to reduce reliance on foreign imports through strengthening the U.S. timber industry. However, it is important to recognize that achieving this goal will take time and require significant investment in both infrastructure and sustainable forest management. While domestically available species such as Southern Yellow Pine are a valuable resource, they do not serve as a direct substitute for the many applications where Canadian Spruce-Pine-Fir (SPF) is preferred. 

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Willis’ new wildfire resilience insurance to focus on risk mitigation

By Kassandra Jimenez-Sanchez
Reinsurance News
April 2, 2025
Category: Business & Politics
Region: United States, US West

Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as “first-of-its-kind,” this policy directly links insurance costs to proactive wildfire risk mitigation efforts. Developed in partnership with UC Berkeley’s Center for Law, Energy and the Environment, the policy aims to demonstrate how ecological forest management practices can lead to reduced premiums and increased insurance availability. Such techniques include tree thinning to improve the health and growth of the remaining trees and planned fires to clear out flammable vegetation, both proven to reduce wildfire risk and make forests healthier. Tahoe Donner has completed forest management projects over 1,520 acres since 2015. …This new policy, covering 1,345 acres of Tahoe Donner’s land, secures a 39% lower premium and an 89% lower deductible than would have been possible without the nature-based forest management.

Related content:

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Dean, Whitehouse Lead Bicameral Bill to Preserve Northern Rockies Ecosystem

Office of Rep. Madeleine Dean, Pennsylvania
March 27, 2025
Category: Business & Politics
Region: United States, US West

WASHINGTON, D.C. – U.S. Representative Madeleine Dean (D-PA) and U.S. Senator Sheldon Whitehouse (D-RI) introduced legislation to protect more than 23 million acres of public land in Idaho, Montana, Washington, Oregon, and Wyoming — safeguarding endangered and threatened species, preserving biodiversity, and combating climate change by preserving millions of trees that serve as a carbon sink. In addition to roughly 20 million acres of federally protected wilderness, the NREPA would also designate: Specified federal lands as biological connecting corridors and as special corridor management areas; Segments of specified rivers and creeks in Idaho, Montana, and Wyoming as components of the National Wild and Scenic Rivers System; and Specified areas as wildland recovery areas. Wildland recovery plans would be required for each recovery area. Full bill text is available here.

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They voted for Trump. Will he green light their $2B infrastructure project?

By Natalie Fertig
Politico
March 27, 2025
Category: Business & Politics
Region: United States, US West

COOS BAY, Oregon More than a dozen lumber mills once dotted the landscape around Coos Bay, a horseshoe-shaped estuary on Oregon’s remote southwest coast. Now, there is just one. The timber industry dominated the state’s economy for more than 100 years. Then in the 1980s and 1990s, trade and environmental policies decimated timber country, permanently altering Oregon’s economy. It also transformed the area’s politics: Voters in Coos County, historically a blot of blue in a sea of rural red, voted for President Donald Trump by more than 20 percentage points last November. …Now, local officials are banking on a $2 billion-plus plan to revitalize the Coos Bay port and jumpstart the region’s stagnant economy. But the project relies on funding awarded by the Biden administration, and the entire plan is in limbo under Trump.

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Wood Flooring Importer to Pay Over $8.1M to Settle False Claims Act Duty Evasion Charges

Miller & Chevalier LLP
March 26, 2025
Category: Business & Politics
Region: United States, US West

CALIFORNIA — The US Department of Justice (DOJ) announced that it had reached an $8.1 million settlement in a civil False Claims Act case based on alleged customs violations by defendants Evolutions Flooring, a San Francisco-based importer of wood flooring, and its owners Mengya Lin and Jin Qian. …The complaint shows how DOJ and relators may formulate such cases. Evolutions and its owners were accused of knowingly evading customs duties, including antidumping duties, countervailing duties, and section 301 tariffs, on wood flooring manufactured in the People’s Republic of China. Acting at the direction of its owners, Evolutions allegedly mispresented the country of origin of certain flooring imports – declaring them as Malaysia-origin – to avoid the high duties applicable to China-origin products. Evolutions also allegedly falsely declared the true manufacturer of the imported merchandise. 

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Trump’s tariffs creating uncertainty for Idaho builders

By Abby Davis
KTVB7
March 25, 2025
Category: Business & Politics
Region: United States, US West

BOISE, Idaho — Homebuyers in Idaho might have to shell out more money because of President Donald Trump’s tariffs. “I’m born and raised in [the Treasure Valley], and my wife and I bought our first home here, said Steve Martinez, Tradewinds General Contracting owner. “I expect our kids to be able to buy their first home here. The way things are going, that affordability just keeps getting further and further out of reach.” …Martinez, who is stocking up on lumber, said the timing “couldn’t be any worse.” The U.S. has historically relied on Canada for building materials. …Steven Peterson, University of Idaho economics, called the tariffs an “interesting experiment” with a lot of unknowns that will impact virtually every industry and service. …It is not just lumber that builders are worried about. 

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LP Building Solutions Names Jason Ringblom President, Unifies Manufacturing and Sales to Accelerate Growth

By Louisiana-Pacific Corporation
Business Wire
April 3, 2025
Category: Business & Politics
Region: United States, US East

Jason Ringblom

NASHVILLE, Tenn.–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Executive Vice President, General Manager of Siding Jason Ringblom to the newly created role of President, overseeing all manufacturing and commercial operations, effective April 7, 2025. This leadership transition is part of LP’s long-term succession planning, ensuring continuity of strong leadership and positioning the company for its next phase of growth. With this new structure, LP has eliminated the North American Business General Manager positions, and Ringblom will continue reporting to LP Chair & CEO Brad Southern. …In addition to Ringblom’s appointment as President, LP has also appointed Craig Sichling to the newly created role of Senior Vice President, Chief Commercial Officer and named three new Vice Presidents, including Vice President of National Accounts Jeremy Sellers, Vice President of Field Sales Mitch Kingston, and Vice President of Supply Chain & Customer Experience Cody Austell.

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Sumitomo Forestry Acquires Teal Jones Louisiana sawmill

Sumitomo Forestry Co. Ltd.
April 28, 2025
Category: Business & Politics
Region: United States, US East

LOUISIANA — Sumitomo Forestry announced that on March 28, 2025, the Board of Directors resolved to acquire 100% of the shares of Teal Jones Louisiana Holdings through its wholly owned subsidiary Sumitomo Forestry America, and to begin procedures to make Teal Jones a consolidated subsidiary. The acquisition will be carried out in accordance with procedures outlined under the Companies’ Creditors Arrangement Act of Canada and Chapter 15 of the United States Bankruptcy Code. It is subject to approval by the Courts of Canada and the United States. After these procedures, Sumitomo Forestry plans to complete this acquisition by the second quarter of 2025. In addition, since Teal Jones capital is more than 10% of Sumitomo Forestry’s capital, Teal Jones will become a specified subsidiary of Sumitomo Forestry.

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Trump tariffs on Canada lumber could chop US wood supplies

By Quinn Klinefelter
Detroit Public Radio WDET
March 31, 2025
Category: Business & Politics
Region: United States, US East

Jesse Randall

President Trump is threatening to raise tariffs on Canadian softwood lumber to 27 % as soon as this week. The move could impact everything in the U.S. from lumber needed to build affordable housing to wood chips used to make toilet paper. Trump says his administration would compensate by harvesting more trees from national forests, which includes several in Michigan. But some experts say it’s not that simple. The Michigan Sustainable Forestry Initiative’s Jesse Randall says the issue goes beyond how many trees are available in the state or the nation. … “I think tariffs are a double-edged sword. Our mills and our operators are constantly needing to procure and maintain equipment. So I think that will cost them more money, tariffs or anything that will shut down a supply coming in that is used for construction,” said Randall. 

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Site of former Georgetown paper mill to turn into biomass plant, senator says

By Caleb McCusker
Georgetown County News
March 28, 2025
Category: Business & Politics
Region: United States, US East

GEORGETOWN, South Carolina — The site of the former International Paper mill in Georgetown that closed last year is soon set to turn into a biomass plant, state Sen. Stephen Goldfinch of Murrells Inlet said. “I can confirm the plant is slated to be (primarily) a bio mass plant,” Goldfinch said. “There will be other stuff there as well, but that will be the primary function.”Biomass is organic matter that’s derived from living or recently living organisms, primarily plants and animals, and can be used as a source of energy or other materials.,No additional information about the plans, including who is behind the project, was immediately available. The paper mill closed permanently in December. It employed 674 people before its closure.

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TimberHP voluntarily files for Chapter 11 bankruptcy reorganization

By Kaitlyn Budion
Maine Public
March 27, 2025
Category: Business & Politics
Region: United States, US East

MADISON, Maine — TimberHP, the wood fiber insulation manufacturer in Madison, has filed a voluntary Chapter 11 reorganization plan in US Bankruptcy Court. According to court filings, TimberHP ran into delays and unexpected costs when retrofitting its facility at the Madison paper mill because of inflation and supply-chain issues That has in turn delayed the launch of its third product, TimberBoard, which company officials say is expected to be its most profitable. The company set out to raise an additional $60 million in recent years, but ultimately managed to bring in just half that amount, prompting the organization to file for protection. The company expects to emerge from the process…and in the meantime, business will “continue as usual and without interruption.” The reorganization plans to preserve all of the company’s 54 full-time employees. 

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Doman Temporarily Curtailing Operations at its Planer Mill in Rison, Arkansas

Cleveland County Herald
March 26, 2025
Category: Business & Politics
Region: United States, US East

RISON, Arkansas – More than two dozen positions at Doman Building Materials Group’s operations at Rison are being temporarily “curtailed” due to supply chain disruption, according to company sources.”This is a temporary curtailment of operations at our planer mill in Rison,” said Mark Chatfield, president of Doman Lumber.”The curtailment is due to loss of inbound source manufacturing material because of a recent fire at an unaffiliated sawmill outside Arkansas. We expect this curtailment to be temporary in nature. We are retaining key staff to man the facility until such time it resumes operations.” Chatfield said about 26 employees were impacted on this curtailment.Doman Building Materials Group Ltd. bought Hixson Lumber Sales, including its operations in Rison, in June 2021 for $375 million. The company’s product line included pressure treated lumber, wood fence manufacturing, and specialty items for new home and renovation markets.

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A US-Canada trade war could pose an existential threat to Vermont’s forest economy

By Olivia Gieger
VTDigger
March 26, 2025
Category: Business & Politics
Region: United States, US East

VERMONT — Oliver Pierson, Vermont state’s director of forestry, and Katharine Servidio, mapped out the [tarrif] tangle for the House Committee on Agriculture, Food Resiliency, and Forestry. As sawmill capacity in the U.S. has retracted, New England’s loggers have looked to Canada to process timber felled on this side of the border. …Vermont imported $52 million in sawmill and wood products from Canada in 2024, according to Pierson. …There is a case for bringing more milling back to America, Pierson said, but “it wouldn’t be for a year or two from now when we’d be able to stand up additional processing capacity.” In the short term, Servidio and Pierson said that they expect that U.S. tariffs on lumber imported from Canada and retaliatory Canadian tariffs on Vermont timber will be debilitating for the logging industry in the state.

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No solution in the labour dispute at Finland’s UPM Plywood

UPM Plywood
March 30, 2025
Category: Business & Politics
Region: International

FINLAND — UPM Plywood and the Industrial Union have failed to reach an agreement on a new employer-specific collective agreement. The union rejected the mediator’s settlement proposal, and the five-week strike at UPM Plywood mills in Finland continues. The proposal made by conciliator Jukka Ahtela on Friday was in line with the general pay increase level agreed by the Industrial Union for the export industry in Finland. The agreement would have allowed UPM Plywood employees to receive a total pay increase of 7.8% over 3 years. UPM Plywood accepted the proposal.m …The strikes have halted production at UPM Plywood mills in Finland. UPM Plywood mills in Finland employ 1,000 people covered by the collective agreement with the Industrial Union. Production at UPM Plywood’s Otepää mill in Estonia continues as normal.

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Metsä Board appoints Esa Kaikkonen as CEO, replacing Mika Joukio

Metsä Group
March 31, 2025
Category: Business & Politics
Region: International

FINLAND — Metsä Board Corporation confirms that its CEO Mika Joukio will step down from his position on 7 April 2025, with Esa Kaikkonen appointed as his successor by the company’s Board of Directors. Joukio will continue supporting the transition until October 2025. This announcement follows an agreement between Joukio and the Board finalized Monday, according to Metsä Board Corporation. Joukio’s career spans 35 years, beginning at the Tako board mill and culminating in his appointment as CEO in 2014.  …Kaikkonen, currently EVP, Strategy at Metsä Group, has held senior roles across the organization since 1998. His previous positions include CEO of Metsä Tissue (2018–2025), EVP of Metsä Wood (2013–2018), and Group General Counsel (2003–2013).

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