The Washington Department of Natural Resources (DNR) plans to burn more than 2,100 acres this spring in an aim to prevent more severe wildfires this summer, according to The Seattle Times. In 2021, state lawmakers earmarked $500 million for wildfire prevention and forest health.
News in timber
US Forest Service and National Alliance of Forest Owners Sign Memorandum of Understanding
On Monday, the US Forest Service and the National Alliance of Forest Owners announced the signing of a MOU creating a partnership to enhance cooperation between private working forest owners and public land managers during wildfires.
Delays in Implementing New Brunswick’s Higher Timber Royalties Saved Forest Companies Millions
Delays by New Brunswick’s provincial government in setting up higher timber royalties last summer to take advantage of elevated lumber prices helped forest companies avoid millions of dollars in extra charges on wood they were cutting on public land at the time, according to reporting by CBC New Brunswick.
Canadian Natural Resources Real GDP Declined in 2022Q4
Statistics Canada reported on Thursday that real gross domestic product (GDP) of the natural resources sector declined 1.9% in 2022Q4, after increasing 1.5% in 2022Q3. In contrast, the economy-wide real GDP was unchanged in 2022Q4.
Domain Timber Advisors Assumes Investment Responsibilities for Forestland Portfolios in US Southeast and Pacific Northwest
Domain Capital Group, LLC, a comprehensive private investment service firm, announced on Monday that its subsidiary, Domain Timber Advisors, LLC, has assumed investment responsibilities for a forestland portfolio in the US Southeast and Pacific Northwest.
Historic Memorandum of Understanding Signed Between AV Group NB and Wolastoqey First Nations
AV Group NB and six Wolastoqey First Nations have signed a memorandum of understanding that outlines a path forward towards mutually beneficial forest management and economic development opportunities, Canadian Forest Industries has reported.
Additional Financial Aid Available for Nova Scotia Private Woodlot Owners Impacted by Hurricane Fiona
Nova Scotia has announced that private woodlot owners will be receiving additional support to help them recover from the damage caused by Hurricane Fiona and promote the growth of healthy forests.
BC Timber Company’s Dilemma: Harvest Old-Growth Trees or Pay Fees to Leave Them Standing
Harvest old-growth trees or a pay a fee to leave them standing? This is the dilemma that BC’s Downie Timber Company is currently facing, according to The Canadian Press. Downie is trying to avoid logging a section of at-risk old growth forest identified by the provincial government.
BC Government Extends Old-Growth Logging Deferrals in Endangered Spotted Owl Habitat
The British Columbia provincial government announced Friday that it is taking another important step to support the recovery of endangered spotted owls while promoting biodiversity and accelerating the protection of old-growth forests.
New Brunswick First Nations Sign Agreement with One Forestry Company Named in Land Title Claim
On Tuesday, CTV News reported that six Wolastoqey communities in New Brunswick, Canada, signed a memorandum of understanding with one of the companies named in a major lawsuit filed by the First Nations in 2020 (updated in November of 2021) seeking to reclaim title over large swaths of the province.