Most dividend announcements are in the range of pennies to several dollars, so when a company declares a special dividend of USD 5.6 billion, it tends to grab your attention, and that of shareholders.
Chinese wood deficit good news for NZ wood exporters
China’s potential fibre-supply gap (the difference between total demand and total domestic supply) is projected to reach approximately 150 million m3 (roundwood equivalent) by 2015 - or a volume that is more than the entire Canadian timber harvest in 2009 - a strong indication that China’s wood imports must continue to rise in the short- to medium-term period to match with projected consumption reports International WOOD Markets Group,.
Work on AU$2B SA mill by mid-2011 or just Pulp fiction?
The AU$2 billion Penola Pulp Mill project in South Australia, shelved during the global recession, has been revitalized since The Commonwealth Bank recently came on board to help raise capital costs for the 750,000 tonnes/year mill, The Advertiser reported on 5 July.
The bank is also helping Greg Boulton, chairman of the company behind the project, and CEO Don Matthews to raise AU$20 million to finalize the design and lock down contracts, the paper reports.
UNDP: Multi-Donor Trust Fund Office - UN-REDD sheet
The United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD Programme) is a collaboration between FAO, UNDP and UNEP. A multi-donor trust fund was established in July 2008 that allows donors to pool resources and provides funding to activities towards this programme.
Advisory Group on Climate Change Financing Holds Second Meeting
13 July 2010:The High-level Advisory Group on Climate Change Financing, co-chaired by Prime Ministers Meles Zenawi (Ethiopia) and Jens Stoltenberg (Norway), held its
The Internal Revenue Service may have handed U.S. pulp and paper companies a multibillion-dollar gift by ruling that black liquor produced in 2009 is eligible for an even more lucrative tax credit than the one claimed by manufacturers last year.
The June 28 ruling contradicts previous guidance from the Environmental Protection Agency that the molasses-like pulp byproduct could not qualify for Cellulosic Biofuel Producer Credits (CBPC) because it is not a motor-vehicle fuel or fuel additive. The new IRS ruling does not allow the same black liquor to receive both the original black liquor credits ("alternative fuel mixture") and CBPCs, the so-called Son of Black Liquor tax credits.
The exact impact of the ruling is unclear, but in theory it is be worth more than $10 billion to U.S. companies.
Publicly traded U.S. companies received more than $6.5 billion in black liquor tax credits last year by exploiting a loophole in legislation designed to subsidize "green" fuels. Privately held companies probably qualified for at least another $2 billion.
Pressure Mounts on USGBC to Open LEED to SFI, Other Credible Standards
WASHINGTON, July 16 /PRNewswire-USNewswire/ -- In a letter steered by Congressmen Kurt Schrader (D-OR) and Bob Goodlatte (R-VA) to the U.S. Green Building Council, 79 members of the U.S.
Domtar and FPInnovations join forces to develop innovative fiber-based nanotechnologies
omtar Corporation and FPInnovations today announced that they have formed a new joint venture company to build the world's first one metric ton per day commercial-scale nanocrystalline cellulose demonstration plant at the Domtar Windsor, Quebec pulp and paper mill site. Construction will begin in the coming weeks and will take approximately 20 months to be completed.
