Iran war-risks are mounting for forest product companies as cost pressures emerge, says ERA’s Kevin Mason, though broader impacts have yet to materialize. In related news: the International Monetary Fund warns of higher prices and lower growth; Packaging Corp. of America to close Richmond, Virginia plant; Washington’s timber industry is squeezed by regulations; and fires break out at Weyerhaeuser sawmill in Washington, and Rayonier paper mill in Georgia. Meanwhile: Deloitte downgrades BC’s outlook; US job growth rebounds; and UK fire safety rules could diminish timber towers.
In Forestry news: the US Forest Service is closing 57 of its 77 research facilities; BC First Nations blast Premier Eby over plan to suspend the Declaration on the Rights of Indigenous Peoples Act, the Nuchatlaht First Nation wins title over 40% of Nootka Island in BC; the Gorman—Osoyoos Indian Band partnership continues; ENGO slams BC Timber Sales overhaul; and BC cattle were poisoned by forest fertilizer. Meanwhile, a Globe & Mail feature on the Stanley Park rehabilitation, and NASA scientists combine satellite data and radar for early detection of forest loss.
Finally, share your voice: how you can support BC’s forest workers and communities.
Kelly McCloskey, Tree Frog News Editor