Forest Products Industry
Forget Nvidia: Billionaire Ken Griffin Raised His Position in This Rival AI Stock by More Than 500%
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99.9% of Nvidia's $380 Million Investment Portfolio Has Been Put to Work in These 4 Artificial Intelligence (AI)-Inspired Stocks
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Micron Rival's Comments on Artificial Intelligence (AI) Suggest a Monster Year Is Coming
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2 Key Indicators Are Flashing That Could Point to a Major Stock Market Move
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Why I Just Bought More of These Top High-Yield Dividend Stocks and Plan to Add Even More in August
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Qualcomm Earnings Come Today. Don’t Hold Your Breath for a Boost From AI Phones.
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XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock
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Forests failed to curb climate change in 2023
Forests and other land ecosystems failed to curb climate change in 2023 as intense drought in the Amazon rainforest and record wildfires in Canada hampered their natural ability to absorb carbon dioxide, according to a study presented on Monday. Source: Reuters That means a record amount of carbon dioxide entered Earth’s atmosphere last year, further feeding global warming, the researchers said. Plant life helps to slow climate change by taking in huge amounts of carbon dioxide, the main greenhouse gas driving global warming. Forests and other land ecosystems on average absorb nearly a third of annual emissions from fossil fuels, industry and other human causes. But in 2023, that carbon sink collapsed, according to study co-author Philippe Ciais of the Laboratory for Climate and Environmental Sciences (LSCE), a French research organization. “The sink is a pump, and we are pumping less carbon from the atmosphere into the land,” Mr Ciais said in an interview. “Suddenly the pump is choking, and it’s pumping less.” As a result, the growth rate of carbon dioxide in the atmosphere jumped 86% in 2023 compared to 2022, the researchers said. Scientists at Tsinghua University in China, the University of Exeter in England and LSCE led the research into what caused the shift. Their study was presented at the International Carbon Dioxide Conference in Manaus, Brazil. A major driver was record high temperatures globally that dried out vegetation in the Amazon and other rainforests, preventing them from taking up more carbon while also fuelling record fires in Canada, the study found. “Imagine your plants at home: If you don’t water them, they’re not very productive, they don’t grow, they don’t take up carbon,” said Stephen Sitch, a study co-author and carbon expert at the University of Exeter. “Put that on a big scale like the Amazon forest,” Mr Sitch told Reuters on the sidelines of the conference The study is still in the process of peer review with an academic journal, but three scientists who were not involved in the research told Reuters that its conclusions were sound. They said that dips in land carbon sinks tend to happen in years affected by the El Nino climate phenomenon, like 2023. But the record high temperatures being driven by climate change made last year’s dip particularly extreme. Also, the consequences of the dip are more severe than in the past because humans are now causing the emission of more carbon dioxide than ever before. The scientists cautioned that Earth’s carbon sink varies widely year to year, and a single year alone will not spell doom. But it would be alarming if what was observed in 2023 becomes a trend, they added. “This is a warning,” said Richard Birdsey of Woodwell Climate Research Centre in the United States, who was not involved in the study. “There’s a good chance that years like 2023 are going to be more common.” The less carbon the land ecosystems absorb, the less fossil fuels the world can burn before humankind blows past global climate targets, said Anthony Walker, an ecosystem modeler at the Oak Ridge National Laboratory in the United States who was not involved in the study. “We cannot count on ecosystems to bail us out in the future,” said Trevor Keenan, an ecosystem scientist at University of California, Berkeley who was not involved in the study.
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This chart suggests the current bull market rally in stocks will extend into 2025
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Russia uses wooden drones for defence
Russian forces have begun using wooden drones made from plywood and styrofoam to locate Ukrainian air defence systems. Source: msn According to Tech these unconventional unmanned aerial vehicles (UAVs) have been spotted over Ukrainian territory in recent weeks, with Ukrainian forces encountering these mysterious devices for the first time. According to Andrii Cherniak, a representative of the Ukrainian Defence Intelligence, these new drones are equipped with cameras and Ukrainian SIM cards. The use of Ukrainian SIM cards is strategic, allowing the drones to transmit images back to Russia without raising alarms that would occur if Russian SIM cards were used. This tactic also provides the drones with the best possible network coverage across Ukraine. The wooden drones, though not armed with explosives, serve a crucial reconnaissance role. They are primarily used to identify and pinpoint the locations of Ukrainian air defence systems. Despite their rudimentary construction, these drones pose a significant financial challenge for Ukraine. The cost of intercepting them with missiles is high, which makes these low-cost drones an effective tool for Russia. Reports suggest that Russia has been refining its drone technology and tactics, using these wooden UAVs more frequently to gain an upper hand in the conflict. This development allows Russia to enhance the effectiveness of its missile and drone strikes by targeting key defensive positions in Ukraine. In response to these tactics, Ukrainian forces have been proactive. Recently, they launched a record-breaking strike on the Olenya air base, hitting a valuable Russian Tu-22M3 bomber.
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FSC disassociates itself from Vinda Group
FSC is terminating the Trademark License Agreement (TLA) of the eight certificate holders belonging to the Vinda group through a mutually agreed termination agreement. Hence, the Vinda group can no longer be associated with FSC because it was recently acquired by the Royal Golden Eagle (RGE) group. FSC disassociated from the RGE group, which includes APRIL, in August 2013. Source: Timberbiz According to the mutual termination agreement: The TLAs of all the Vinda certificate holders will be terminated effective 30 September 2024. Therefore, after the termination becomes effective, these companies can no longer produce products with FSC claims, and they cannot claim that they are FSC-certified. The liquidation period of all FSC-labelled products produced up to and including 30 September 2024 may be sold with an FSC label until 31 December 2024. This means that Vinda can no longer sell products with FSC claims after this date. Vinda’s customers who bought products produced by Vinda as FSC-certified before the end of the liquidation period will be able to claim that they are FSC-certified without any time restrictions. RGE’s acquisition of the Vinda group by RGE makes them a part of this disassociated corporate group. According to FSC’s Policy for Association, when a valid certificate holder is acquired by a disassociated corporate group, FSC terminates the company’s TLA and the certification body terminates their FSC certificate. The Policy for Association stipulates that when FSC disassociates from a corporate group due to Policy for Association violations, all entities belonging to that group are barred from entering the FSC system through certification as long as the disassociation is valid. Read more about the implications of disassociation, especially when a certificate holder is acquired by a disassociated corporate group in this set of FAQs. Vinda is a hygiene products company in Asia headquartered in China. Therefore, the termination of their FSC certificates will have implications that affect its suppliers and customers. The terminated Vinda certificate holders are: License – Organization Name FSC-C119971 – Vinda Paper (China) Co., Ltd. FSC-C119971 – Vinda Paper (China) Co., Ltd. Guangdong Branch FSC-C119971 – Vinda Paper (China) Co., Ltd. Jiangmen Branch FSC-C119971 – Vinda Paper (China) Co., Ltd. Xinhui Branch FSC-C161508 – Vinda Trading Co., Ltd. FSC-C133911 – Vinda Malaysia Sdn. Bhd. FSC-C133911 – Vinda Marketing (M) Sdn. Bhd. FSC-C106732 – Vinda Household Paper (China) Limited FSC-C117913 – Vinda Paper Industrial (H.K.) Co., Limited FSC-C158078 – Vinda Personal Care (Guangdong) Company Limited FSC-C125756 – Vinda Paper (Zhejiang) Co., Ltd. FSC-C136725 – Forton Enterprises Limited Royal Golden Eagle (RGE), the corporation that owns APRIL, announced the acquisition of Vinda Group on 22 March 2024. FSC disassociated from the APRIL group in August 2013, hence, currently no entity of that corporate group is eligible for association with FSC. Since October 2023, FSC has been facilitating APRIL’s remedy process. After successfully completing the remedy process, all companies belonging to the APRIL/RGE group, including those from the Vinda Group, may become eligible for association and certification. The completion of a remedy process may take several years.
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Forestry Corp breaches are old news
Recent media reports have highlighted regulatory actions against Forestry Corporation. Most of the alleged breaches mentioned in these articles occurred around four years ago. Source: Timberbiz Forestry Corporation takes its environmental responsibility in managing native forests very seriously, adhering to some of the most stringent environmental regulations in the world. These regulations are designed to protect native forests while allowing sustainable timber production. Forest management is inherently complex, and despite our best efforts, Forestry Corporation acknowledges that some non-compliances have occurred in recent years. Where breaches of regulations have occurred, these have been unintentional errors, and we are committed to learning from these incidents to prevent future occurrences. When concerns arise, Forestry Corporation works closely with the regulator to address these promptly and effectively. Our Forest Management System is underpinned by continuous improvement, and we review each incident to identify what went wrong and enhance our systems, processes, procedures and training accordingly. Additionally, we have increased staff presence in the forest, upgraded our technology and established a dedicated compliance assurance team. This team continually reviews, improve and automate processes to ensure better compliance. FCNSW employs highly skilled and professional staff, including ecologists and forest scientists, who are dedicated to the health and sustainability of our forests. We continually strive to exceed the minimum environmental requirements, often protecting significantly more trees than mandated by regulations.
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NZ and Australian ministers meet for climate change objectives
New Zealand Finance Minister Nicola Willis and Climate Change Minister Simon Watts met in Brisbane with their Australian counterparts, Treasurer Jim Chalmers and Climate and Energy Minister Chris Bowen. Source: Timberbiz Ministers discussed joint action to meet our climate commitments, climate resilience in the Pacific region, how investment and finance can be mobilised for climate change action, and how we can improve our preparation and response to future severe weather events. “Unlocking investment to reduce and remove emissions from the atmosphere is key to helping us meet our climate change targets,” Ms Willis said. “Today, we have confirmed the development of New Zealand’s sustainable investment model, or taxonomy, will begin with the agriculture and forestry sectors. “This is a great opportunity to showcase the efforts of our domestic farmers and foresters as well as giving international investors’ confidence their money will have a positive impact for the climate and the economy. “We will also begin work to develop a sustainable finance strategy for New Zealand. Enhancing cooperation with Australia on this work, as well as the other initiatives discussed today, will help position the region as a robust sustainable finance market.” Ministers discussed joint action to meet climate commitments, climate resilience in the Pacific region, how investment and finance can be mobilised for climate change action, and how we can improve our preparation and response to future severe weather events. “In the lead up to COP29 where the New Collective Quantified Goal on climate finance will be decided, we will continue to participate in negotiations on how finance can support global climate action,” Mr Watts says. Ministers agreed to a joint statement, outlining their plans for greater bilateral collaboration. These include: Conducting a joint regulatory barrier review, initially focusing on batteries and electric vehicle charging Convening roundtables with the maritime sector to identify the conditions required for green shipping routes between countries Inviting New Zealand aviation companies and representatives to join the Jet Zero Council, and investigating the conditions required to develop a regional sustainable aviation fuel industry. Engaging collaboratively in the development of a Guarantee of Origin scheme for green hydrogen, sustainable fuels, and green metals Coordinating approaches to sustainable finance, starting with the development of a taxonomy rulebook Exploring alignment on wider sustainable finance policy and legislation New Zealand joining Australia in the Climate Club to support industry decarbonisation on both sides of the Tasman. Further deepening collaboration to deliver outcomes under the Paris Agreement Investing in long-term emissions reduction opportunities for the agricultural sector. The full joint statement can be read here.
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Finalists in the John Deere Technician of the Year Awards
A former camel dairy farmer, an avid motorcyclist obsessed with the colour pink, and a collector of John Deere equipment scale models are just some of the 24 Australian finalists in this year’s 2024 John Deere Technician of the Year Awards. Source: Timberbiz The Awards program, established in 2021, recognises and celebrates the important role technicians play in keeping John Deere’s customers operating to support Australia’s vital agriculture, construction and forestry industries. More than 130 nominees from 69 dealership locations were put forward for this year’s event, demonstrating the momentum the awards program has gained across Australia and New Zealand. The Australian finalists will travel to Brisbane in early September for a final round of intense judging where they will be tested on their ability to perform hands-on diagnostics and troubleshoot and solve technical issues on the spot. John Deere Australia and New Zealand Managing Director, Luke Chandler, congratulated the finalists and recognised the huge value they bring to their dealerships, communities and the broader industries they support. “Technicians require a unique combination of mechanical knowledge, proficiency in digital technology and advanced problem-solving skills to support customers’ operations, helping them to increase their uptime, enhance productivity and promote sustainable practices across their business,” Mr Chandler said. “All the finalists should be extremely proud that their dedication, hard work and commitment to excellent customer service was recognised by their dealerships and congratulated on passing the first round of internal judging. “We look forward to welcoming the finalists to our headquarters at Crestmead, where their diagnostic and problem-solving skills will be put to the test in a series of complex real-life scenarios.” Eight titles will be awarded across five categories in the 2024 John Deere Technician of the Year Awards, which includes individual country awards for the Agriculture & Turf Service Technician of the Year, Parts Technician of the Year, and Construction & Forestry Service Technician of the Year. One award winner, from either New Zealand or Australia, will be announced as the Service Apprentice of the Year. Five Australian apprentices will compete for the Parts Apprentice of the Year Award. John Deere Australia and New Zealand Director of Aftermarket and Customer Support, Emma Ford, said while the group of Australian finalists were all individuals with exceptional skills, the one common thread was their commitment to their customers. “This year, across our Australian finalists, we have a number of new entrants from all across the country, and we are pleased to welcome back several returning regional finalists and winners from previous years,” Ms Ford said. “Some have come from traditional farming backgrounds and always had an interest in pursuing a career in agriculture or heavy machinery, whereas other finalists have made this career choice later in life. “Regardless of their pathway to their current role, they are all deeply committed to delivering exceptional service for customers, and to making the most of all the opportunities they have to grow their career and excel in their field.” The Award winners will be announced at the John Deere Technician of the Year Awards gala event on Thursday, 5 September 2024. 2024 JOHN DEERE TECHNICIAN OF THE YEAR AWARDS AUSTRALIAN FINALISTS Construction & Forestry Technician of the Year (will compete for an Australian only Award) Hayden Cox, RDO Equipment, Eastern Creek, New South Wales Andrew Moat, RDO Equipment, Derrimut, Victoria Ben Mummery, AFGRI Equipment, Albany, Western Australia Johannes Viljoen, AFGRI Equipment, Busselton, Western Australia Agriculture & Turf Service Technician of the Year (will compete for an Australian only Award) Brady Gunter, Hutcheon & Pearce, Wagga Wagga, New South Wales Karl Moschella, Honeycombes, Ayr, Queensland Rodney Pearce, Hutcheon & Pearce, Lavington, New South Wales Bradley Skinner, AFGRI Equipment, Esperance, Western Australia James Smart, Emmetts, Horsham, Victoria Zac Weir, RDO Equipment, Gympie, Queensland Parts Technician of the Year (will compete for an Australian only Award) Andrew Keller, Hutcheon & Pearce, Lavington, New South Wales Kirsten Rush, Brandt, Ballarat, Victoria Alex Tyler, Emmetts, Murray Bridge, South Australia Emma Whitbread-Edwards, RDO Equipment, Richlands, Queensland Service Apprentice of the Year (will also compete against two New Zealand finalists for a combined Australian/New Zealand Award) Owen Armstrong, Hutcheon & Pearce, Wagga Wagga, New South Wales Daniel Barnes, RDO Equipment, Beaudesert, Queensland Samuel Dyer, Emmetts, Pinnaroo, South Australia Josh Kramer, Emmetts, Roseworthy, South Australia Nicholas Lattanzio, Emmetts, Horsham, Victoria Parts Apprentice of the Year (will compete against each other for the Award) Belinda Gade, Emmetts, Renmark, South Australia Matthew Giuntini, RDO Equipment, Eastern Creek, New South Wales Tracy Hogan, RDO Equipment, Emerald, Queensland Wyatt Sciacca, Honeycombes, Innisfail, Queensland Hannah Goedhart-Hutchings, AFGRI Equipment, Merredin, Western Australia
Categories: Forest Products Industry
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