Paper Excellence to restart Prince Albert mill, Pinnacle acquired by Drax Group

February 8, 2021
Category: Today's Takeaway

Paper Excellence invests $600k, hopes to restart its Prince Albert pulp mill ASAP. Other companies making news include: Pinnacle Renewable Energy (to be acquired by Drax Group); Resolute (restarting Ignace sawmill); Seaspan (two new containerships); and Interfor (eyeing growth by acquisition). Meanwhile: China reduces wood tariffs; South Korea relaxes codes limiting wood use; and more BC municipalities approve tall wood projects.

In Forestry/Climate news: TLA’s Bob Brash says it’s time to protect BC’s forestry sector; Nova Scotia hits 13% goal of land protection; Ontario gets mixed reviews on species-at-risk projects; lawmakers target timber tax cuts; and UN FAO Forestry Chair says turbo-charging timber and forestry key to fighting climate change.

Finally, BC foresters, biologists turn the page with enactment of Professional Governance Act.

Kelly McCloskey, Tree Frog Editor

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