The US economic contraction in Q2 was the worst on record with GDP falling 9.5%. In related US news: pending home sales edged up in June; mortgage applications were down slightly last week and Southern Yellow Pine prices broke the previous record. Meanwhile: the BC Business Council offers up a blueprint for recovery; Nova Scotia’s forestry transition fund is accepting applications; Resolute reports a small Q2 profit; Sappi reports a big loss; and International Paper shows strong earnings.
In Forestry/Climate news: an ENGO report says Ontario must act on its ‘hidden deforestation‘; the wildfire fix rule is adopted by the US Forest Service; a UK prof says both young and old forests are important to slow climate change; and wildfire pollutants put kidney patients at greater risk.
Finally, musical titan Chuck Leavell has a pending documentary titled ‘The Tree Man‘.
Kelly McCloskey, Tree Frog Editor