Denbury, an independent energy company with operations and assets focused on Carbon Capture, Use, and Storage (CCUS) and Enhanced Oil Recovery (EOR), and Weyerhaeuser announced on Monday an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi.
News in timber
BC Premier David Eby Commits to Protecting the Province’s Biodiversity
In mandate letters to his land stewardship and forestry ministers, recently elected BC Premier David Eby says he wants to double the amount of protected land in the province, support new Indigenous Protected and Conserved Areas, and move faster on recommendations around the logging of old growth trees.
Nuveen’s New Global Timberland Strategy Arm Purchases 47,751 Acres in US Pacific Northwest
Nuveen’s newly launched global timberland strategy arm, Nuveen Natural Capital, announced on Monday that it has made its first portfolio acquisition, purchasing 47,751 acres of timberland in Washington and Oregon from Green Crow for an undisclosed amount.
Alberta’s Mountain Pine Beetle Population Continues to Decline
Since its most recent peak in 2019, the mountain pine beetle population in Alberta has declined 94%. The drop reflects the continuous effort to slow the spread following the 2019 and 2020 winter seasons. Sustained periods of widespread, extreme cold also increased beetle mortality.
Abitibiwinni First Nation Council and GreenFirst Forest Products Sign 5-Year Collaboration Agreement
The Abitibiwinni First Nation Council and GreenFirst Forest Products recently announced the conclusion of a 5-year collaboration agreement aimed at providing for mitigation, accommodation, and compensation measures in relation to the impact that the company’s activities could have on the Abitibiwinni Aki territory and rights.
US Forest Service Announces 11 New Agreements to Advance Tribal Co-Stewardship of National Forests
On Wednesday, the US Forest Service announced that it has signed 11 co-stewardship agreements with thirteen tribes as part of the agency’s commitment to protect tribal interests in the lands they value as part of their culture and history. These agreements are in response to Joint Secretarial Order 3404.
New Projects Underway in BC to Reduce Wildfire Risk and Improve Forest Health
The Forest Enhancement Society of BC (FESBC) is investing in 12 new wildfire risk reduction projects in BC. The FESBC has approved a total of 34 new wildfire risk reduction projects to be completed by March 2024.
Pacific Northwest Fir Trees Hit With Massive “Firmangeddon” Mortality Event
The Oregonian is reporting that, according to as-yet unpublished research conducted by the US Forest Service, fir trees in Oregon and Washington died in record-breaking numbers in 2022. The drought-driven “mortality event,” labeled “Firmageddon” by researchers, is the largest die-off ever recorded for fir trees in the two states.
Natural Resources Canada Contributes $12.7 Million for Tree Planting Project in Ontario
Natural Resources Canada announced a $12.7 million contribution to Forest Ontario to plant 7.2 million trees through the 2 Billion Trees Program, which is aimed at partnering with governments and organizations to plant two billion trees over the next 10 years.
New Jersey Pinelands Commission Plan Draws Mixed Response From Environmental Groups
A plan adopted by the New Jersey Pinelands Commission on October 14 and set to begin in April of 2023 has split environmental groups. Created by Congress in 1978, the Pinelands district occupies 22% of New Jersey’s land area, is home to 135 rare plant and animal species, and is the largest body of open space on the mid-Atlantic seaboard.