Resolute, Norbord and Enviva Partners reported third quarter results yesterday and as expected, earnings were down or non-existent. In other Business news: the Conifex-Hampton deal is okayed; Resolute extends Ignace, Ontario mill shutdown; and it will take more than lower mortgage rates to lift the US housing market.
In Forestry/Climate news: BC adds teeth to its Climate Change Accountability Act; Sudbury’s acid-damaged lakes are recovering well; and a new study says GHG emissions caused by damage to tropical forests are underestimated by a factor of six. Meanwhile: high winds are fueling wildfires in Oregon and California; but in an era of megafires is Canada learning from the US experience.
Finally, Fort St. John’s 8-meter-high lumberjack is felled by flames.
Have a happy and safe Halloween!
Kelly McCloskey, Tree Frog Editor