Eastwood Forests recently completed its acquisition of approximately 20,580 acres of forestland in Virginia and West Virginia, adding to its Climate Smart Forestry Fund portfolio.
News in timber
Recent Forest Fires Have Quebec Questioning Its Long-Term Timber Harvest Projections
Quebec’s timber harvest targets are being called into question due to wildfires, climate disruption, and the province’s commitments to protect territory, Radio-Canada’s ICI Quebec reported.
Enviva Announces Restructuring Support Agreements to Strengthen Its Financial Position
On Tuesday, Enviva, a producer of sustainably sourced wood-based biomass, announced that it has entered into two Restructuring Support Agreements.
Oregon Board of Forestry Votes to Advance Western Oregon State Forests Habitat Conservation Plan
The Oregon Board of Forestry voted 4–3 to advance the Western Oregon State Forests Habitat Conservation Plan, The Oregon Capital Chronicle reported.
Oregon’s State Forester to Recommend Moving Forward With Controversial Habitat Conservation Plan
Oregon’s state forester will recommend moving forward with the controversial logging plan for 634,000 acres of state forest, The Salem Statesman Journal reported.
Weyerhaeuser and Lapis Energy Announce Carbon Sequestration Exploration Agreement
Weyerhaeuser and Lapis Energy announced the execution of an exclusive exploration agreement for subsurface CO2 sequestration in Arkansas, Louisiana, and Mississippi.
Mississippi’s Drought: Boots-On-The-Ground View of Its Impact on the Forest Industry
On Tuesday, a WDAM7/WLBT3 video highlighted the impact of the drought from a boots-on-the-ground prospective.
Wildfires Continue to Scorch the Texas Panhandle; Governor Issues Disaster Declarations for 60 Counties
Wildfires scorched the Texas Panhandle on Wednesday, including a blaze that grew into one of the largest in state history, The AP reported.
Concerns About Lawsuits Lead to Defeat of Oregon Timber Accountability Legislation
Supporters of Oregon House Bill 4106, including timber companies and some county governments, are expressing disappointment after the defeat of the proposal, The Capital Press reported.
Rayonier Announces Additional Pore Space Lease Agreements With ExxonMobil
Rayonier has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.