Industry News
FactsFax - Issue #457
Central Interior Logging Association - May 1, 2008
Community development trust, CILA recommends highway upgrades, Beetle forests emit high carbon levels
Pine beetle turning BC forest into greenhouse gas gusher: Scientists
Margaret Munro, Canwest News Service- April 28, 2008
VANCOUVER - The tiny mountain pine beetle has transformed British Columbia's vast pine forests into a major source of greenhouse gases, federal scientists say.
Ontario foresters take on global warming at conference
Thunder Bay's Source - April 28, 2008
Professional foresters from across the province gathered in the city on Thursday to address environmental issues and to hear that the industry is on track in some areas to providing solutions.
Funds coming to counter forestry downturn
Richard Liebrecht, Hinton Parklander - April 28, 2008
The federal government has released more $104 million to help Alberta communities that, like Hinton, have been hit hard by downturns and issues facing the Canadian forestry industry.
Northern leaders want forestry report
Chris Eakin, Fairview Post - April 28, 2008
The Town of Fairview hosted the meeting of the Northern Elected Officials organization last Friday with a guest speaker from Alberta Forest Products.
Canadian economy stalling as exports hit hard: Bank of Canada
Julian Beltrame, Canadian Press - April 28, 2008
The economy has sharply deteriorated to near recessionary levels and the cost of filling the tank and putting bread on the table is going to go sharply higher.
Canadian national net falls four percent on lumber slump
Hugo Miller, Bloomberg.com - April 28, 2008
Canadian National Railway Co., the country's largest railroad, said first-quarter profit dropped four percent as lumber demand fell and winter storms slowed trains.
Ritchie Bros. attracts buyers from around world to Chemainus forestry auction
Yahoo! News - April 28, 2008
More than 1,700 people from around the world registered to bid at the CA$10 million (US$10 million) unreserved forestry equipment auction conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA - News News) in Chemainus last week.
Finnish paper maker Stora Enso reports profit slump
Yahoo! News - April 24, 2008
HELSINKI (AFP) - Stora Enso, Europe's leading paper and cardboard maker, reported a 68.0-percent profit slump on Thursday reflecting higher wood costs and strength of the euro, and said economic turmoil made the outlook uncertain.
Featured Article

New Mountain Pine Beetle Report Released
Spetember 18th 2007

The Mountain Pine Beetle (MPB) has a billion dollar appetite for Interior timber.  A new report on the MPB states “Within the next eight years it will have destroyed 25% of the provinces marketable timber with a value pegged at over a billion dollars”.

The new report released by the Ministry of Forests paints a grim picture of the of BC forests stating the epidemic will kill more than one billion metres of Pine trees by the year 2015.   Although experts predict the epidemic reached it's peak in 2005, it will not be until 2019 that losses from the Pine Beetle fall below 2003 levels.