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Forestry Investment News
The Scottish environment minister, Michael Russell, says a billion trees need to be planted in the country if it is to achieve the goal of ensuring 25% of the country is covered in woodland by 2050.
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- 06/02/2009
Biofuels derived from non–food based sources are to be a major investment area for the Obama Administration.
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- 02/02/2009
The environment minister of the Democratic Republic of Congo, Jose Edundo, has announced that 60% of the country’s existing timber contracts are to be cancelled as they have been found to be invalid.
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The US Forest Service has found that a herbal tea containing a pheromone called verbenone can be used to help reduce the number of bark beetles attacking forests by two-thirds.
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The Wall Street Journal has identified forestry as an extremely wise long-term investment, and says that timberland value has continued to grow despite the economic slowdown.
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- 28/01/2009
The Canadian budget, announced in the House of Commons on 27 January, has been welcomed by the Forest Products Association of Canada.
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- 26/01/2009
The rate of tree deaths in old-growth forests in the Western US and in Canada has doubled in the last 50 years, with climate change being sited as the most likely cause.
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Speaking at the Northern Economics Summit, the British Columbian Premier, Gordon Campbell, has suggested that the forestry industry could be the key to Northern Canada weathering the economic storm.
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- 21/01/2009
Timber firm, M&M Timber, based in Kidderminster, has announced that its sales rose 40% in December after it launched its range of micronized preserved timber.
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- 19/01/2009
Countries including India and the US have measured a significant increase in the price of newsprint in recent months, hitting newspaper profits hard, but bringing welcome relief to sectors of the forestry industry.
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