AbitibiBowater is planning to indefinitely idle one of the two paper machines at its Thorold South facility in Ontario.
100 people will be laid off. The machine will be idled on April 12.
The decision was based on the decline in the North American newsprint market.
AbitibiBowater said it has also been affected by high prices for old newspapers and magazines that it recycles for paper.
At this time, the plant is undergoing a temporary shutdown that will continue until...
5 hours 5 min
KINGSEY FALLS, QC, March 11 /CNW Telbec/ - Cascades Inc. ("Cascades") announces that the Toronto Stock Exchange accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares. Purchases pursuant to the normal course issuer bid will commence on March 15, 2010 and
5 hours 52 min
Last week $100 million was given to the forestry industry in Canada for new green energy technologies. This makes it the only industry in the federal budget to receive targeted money from Ottawa. As well as this injection of cash initiatives have been introduced, such as accelerating write offs in green-energy investments and broadening the [...]
7 hours 1 min
New Jonh Deere 648 skidder is to be supplied to JSC Svetlozersk harvesting company (Arkhangelsk region) in the middle of March.
10 hours 38 sec
Tieto divests its pulp and paper operations in North America to focus on the growth markets in China and Russia /Papernet.se.
10 hours 44 min
By Maria Bendana, Eko-Eco, 8 March 2010 | REDD is the biggest pool of money that will ever go into the forest sector so deal with it responsibly Northrup advises. For one, actors involved should be aligned. Certification providers (like the Voluntary Carbon Standard, the American Carbon Registry and the Climate, Community and Biodiversity standards) should collaborate since they have a small staff and they need a global network. The Forest Stewardship Council (FSC) should get involved with REDD...
11 hours 1 min
By Allen Blackman, Resources for the Future, 5 February 2010 | One of the main arguments for creating such a system is that REDD will be inexpensive compared to fuel switching, carbon capture and storage, and other greenhouse gas abatement options. As a result, allowing countries to sell REDD credits will cut the total global cost of combating climate change... Yet the scientific foundation for the hypothesis that REDD credits will be cost effective is thin, is contradicted by emerging evidence...
11 hours 58 min
I am reporting from RISI's Pulp and Paper Outlook Conference in Amsterdam which is going down a storm with the attendees. The conference, RISI's biggest ever European event in terms of attendance, yesterday had high profile industry figures speaking, including Jouko Karvinen, CEO of Stora Enso who gave the keynote and Berry Wiersum, CEO of SAPPI Fine Paper Europe. The theme of the first day was: "From Green Energy to the Electronic Media - How Will the Paper Industry Triumph.
14 hours 52 min
Sometimes, fear is an appropriate response. Pulp buyers should be in fear right now. Pulp supply in the U.S. south has been slowed dramatically due to wet weather conditions. Now, we hear that eastern Canada also has weather problems (with warmer and wetter weather than usual) that will significant
...
16 hours 45 min
(TSX-V: MPE) Last Close: March 10, 2010 - $0.165 Shares Issued: 62,186,627
20 hours 24 min
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, March 10, 2010 /CNW/ - Norbord Inc. (the "Corporation") (TSX:
22 hours 54 min
RICHMOND, BC, March 10 /CNW/ - Catalyst Paper Corporation (TSX:CTL) today announced the closing of the private exchange offer and consent solicitation (as amended and supplemented, the "Exchange Offer") of Catalyst's 11% Senior Secured Notes due December 15, 2016 (the "New Notes") for its outstanding 8
1 day 1 hour
Depending on our own personal perspectives we, as a society, place a variety of different values of forests. The first that comes to my mind is to value the forest in terms of its value as timber. Beyond this forests have a value as a biological reserve, recreational resource, as a spiritual touchstone and as [...]
1 day 4 hours
I have written a lot on this blog about the 'logging loophole' in the Copenhagen climate negotiations. This loophole would allow developed countries to escape accountability for forestry emissions by hiding them in a "projected" baseline, rather than measuring actual changes in emissions.The collapse of the formal UN talks in Copenhagen left accounting rules for Land Use, Land-Use Change and...
1 day 5 hours
United Steelworkers (USW) members employed by Canfor in 15 operations in the BC northern and southern interior regions have ratified a four-year collective agreement, retroactive to June 30, 2009.
Members in USW Locals 1-424, 1-427 and 1-405 voted in majority favour of the agreement that was reached on February 22, 2010.
The agreement provides union members with an unprecedented expansion of seniority retention and improved severance in the event of a partial...
1 day 7 hours
Catalyst Paper has announced that it resubmitted a proposal to the union that could allow for the restart of the Elk Falls paper mill at a labour cost, all in, of approximately $40 per hour.
This reflects current market realities and includes changes to wages and benefits similar to those already implemented with management and staff employees. The company also indicated that, to date, 63% of eligible hourly workers at the Elk Falls operation have elected the...
1 day 7 hours
Softwood lumber prices were up in both North America and Europe in the 4Q, but it was more the result of lower inventory levels and reduced production rather than an increase in demand, reports the Wood Resource Quarterly. The hot market for lumber last year was China, which increased imports by 75% thereby passing Japan as the largest importer in Asia....
1 day 8 hours
International Forexst Industries / SFI WASHINGTON - The independent Sustainable Forestry Initiativer (SFIr) program - one of the world’s leading third-party forest certification programs - continues to grow exponentially, recently achieving 2,000 chain-of-custody certified locations. (more…)
1 day 8 hours
Democracy Now!, 9 March 2010 | [Amy Goodman interviews Johann Hari and Christine MacDonald.] The second issue is more complex to explain and buried in acronyms, which I apologize to your viewers for, but is really important. It’s called REDD. It’s the Reduced Emissions from Deforestation and Degradation program. And it’s the absolute centerpiece of how we’re going to build a global agreement to get beyond this. It failed at Copenhagen. It’s going to have to be there in any agreement. And at the...
1 day 8 hours
Current Climate Issues blog, 8 March 2010 | New research out today from Sandbag Climate Change compiled in association with www.carbonmarketdata.comreveals the top ten companies set to profit from the EU carbon market. The Carbon Fat Cats List, dominated by steel and cement companies, could share a surplus of pollution permits worth €3.2 billion by 2012 [1]. This is more than double the EU's investment of €1.5 billion in renewable energy and clean technology as part of the economic...
1 day 9 hours
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