West Fraser is offering to buy back up to 15% of its shares through cash-on-hand. Other companies making news include: Western Forest Products (Nuchatlaht Aboriginal title case); Drax Group (Union, ENGO subsidy claim), Paper Excellence (new COO); and Georgia Pacific (new facilities update). On the US market front: single-family homes forecast to remain solid even as rates rise; and the preference for new home construction returns to pre-pandemic levels.
In Forestry/Climate news: FSC urges Quebec to collaborate on caribou habitat; an industry researcher says BC old growth claims patently untrue; USDA’s Southeast Alaska plan wins local kudos; Arizona wildfire begets home evacuations; and BC’s wildfire season is off to an early start.
Finally, crooked trees, tiny tourists, and extreme heat – oh my!
Kelly McCloskey, Tree Frog Editor