Eastwood Forests has acquired approximately 92,200 acres of forestland in New York, the first property for its Climate Smart Forestry Fund.
News in timber
87 Wildfires From 2023 Continue to Burn in Northeast BC; Ongoing Drought Persists
According to the BC Wildfire Service, there are 87 wildfires actively burning in the Prince George region, an unusually high number, The Vancouver Sun reported.
Drax Partners With Molpus Woodlands to Fuel Its BECCS Operations in the US South
Drax has entered into a partnership with Molpus Woodlands that will provide Drax with an option to purchase sustainably sourced woody biomass to fuel its BECCS operations in the US South.
Ontario Announces Forest Biomass Program Funding
Ontario is investing $9.4 million (CAD) in 14 initiatives to develop the emerging uses of underutilized wood and mill by-products, collectively known as forest biomass.
Exemplary Forestry Management Acquires 3,000 Acres in Maine, Launching Investment Fund
Exemplary Forestry Management and its partners have launched an investment fund with the acquisition of the 3,000-acre Scammon Ridge Headwaters in Maine.
BC Wildfire Service Says Over 100 Wildfires Are Still Burning in the Province
A combination of a busy 2023 wildfire season, drought, and drier conditions through December have left more than 100 wildfires still burning in BC, The Canadian Press reported.
December Snowstorm Racks Up Significant Financial Losses for Maine’s Forestry Industry
A survey by the Professional Logging Contractors of the Northeast shows a large winter storm in Maine on December 18th has caused disruptions and large financial losses, Mainebiz reported.
BC Provides New Funding to Support First Nations Build Forest Resilience
BC announced two new grants for the First Nations Emergency Services Society (FNESS) to help support emergency management and land stewardship.
Huber Timber Expands Its Timberland Holdings in Maine With Acquisition of Sandy Gray Forest
The Sandy Gray Forest is a 100,013-acre contiguous tract of timberland located in northern Maine and what HT is calling a long-term investment hold.
BC Completes First Land Transfer to Snuneymuxw First Nation
The parties said they had completed the transfer of 212 hectares (524 acres) of land on Te’tuxwtun, known as Mount Benson East.