J.P. Morgan Asset Management announced the close of Campbell Global’s Forest & Climate Solutions Fund II at $1.5 billion, exceeding its fundraising target.
News in timber
US Intercepts Cargo Infested With Asian Long-Horned Beetle Larvae in Port Huron, MI
CPB intercepted a highly invasive wood-boring beetle before it could destroy US forest and ecosystems, UPI reported.
EFM Purchases 68,000 Acres on the North Olympic Peninsula From Rayonier
EFM has finalized the purchase of 68,000 acres in Washington, with plans of managing the forests through climate-smart practices, the Peninsula Daily News reported.
BC Announces Actions to Reduce Wildfire Risk and Enhance Forest Stewardship
BC aims to ensure long-term sustainability and good-paying jobs by enlisting BC Timber Sales to play a larger role in reducing wildfire risk and enhancing forest and community resilience.
USDA Announces Reforms to Protect National Forests and Boost Timber Production
The Secretary of Agriculture issued a memo to establish an “Emergency Situation Determination” on 112,646,000 acres of National Forestry System land.
US National Interagency Fire Center Wildfire Update as of March 28
26 large uncontained fires are currently being managed under full suppression strategies, with 22 located in the southern geographic area.
New Forests Partners With Oji Holdings to Establish $300 Million Forestry Fund
New Forests has partnered with Oji Holdings to establish the Future Forest Innovations Fund, a forest investment fund to help it achieve its 2030 environmental goals.
Canada to Support 28 Forest Sector Projects in Quebec
Canada and Quebec announced over CA$13.3 million for 28 projects that will help to boost the competitiveness and resiliency of Quebec’s forest sector.
US National Interagency Fire Center Wildfire Update as of March 21
50 uncontained wildfires are burning in 16 states. On Thursday alone, 15 new large wildfires were reported in the Southern, Rocky Mountain, and Eastern areas.
Oregon Forestry Department Sends Firefighters to Help Fight North Carolina Wildfires
ODF reported that it had filled an order to send 26 firefighters and two agency representatives to North Carolina to assist in fighting numerous wildfires in the state.