Black Liquor Scorecard: 21 Companies Earned $6.5 Billion in 2009
The $6.5 billion in controversial black-liquor credits earned in 2009 by 21 publicly traded pulp and paper companies was far more than their total profit for the year.
Despite the government’s unintended largesse, the 21 companies had combined net income of about $3 billion, according to an exclusive Dead Tree Edition analysis of documents filed with the Securities and Exchange Commission.
WBCSD: Sustainable Forest Finance Toolkit Now Available
Geneva, 22 February 2010 - PricewaterhouseCoopers (PwC) and the World Business Council for Sustainable Development (WBCSD) have launched the Sustainable Forest Finance Toolkit, which aims to support the finance sector in
Chilean earthquake could cause pulp supply crisis and escalating prices
The Chilean earthquake and resultant reduction in pulp supply comes at a time when pulp markets are already very tight with Chinese customers on allocation. The immediate impact is likely to be higher pulp prices leading to higher paper prices. NBSK pulp prices are already at US$890/tonne.
EU summit annouces €7.2 bln infusion in adaptation funding for poor nations, eliciting cautious applause
COPENHAGEN – EU leaders meeting in Brussels ground through late night talks in a two day summit to arrive at a figure of € 7.2 billion over the next three years in so-called “fast start” funding for poorer nations and developing countries to adapt to climate chan
While cap-and-trade legislation stalls in the US and Australia, Copenhagen’s limited progress holds back REDD, and the inflexibilities of the Kyoto Protocol’s CDM keeps a lid on reforestation act
I spent a good chunk of last week working with US and Mexican colleagues, looking at data from a forest conservation program in Mexico. This “Payment for Environmental Services” (PES) program is in the highly threatened area where Monarch butterflies stay over winter.
Mar. 1, 2010 (China Knowledge) - China Forestry Holdings Co Ltd has announced that it will spend RMB 464 million to purchase rights in a forest in Ninglang County, Yunnan Province.
Delegates at the global climate summit failed to figure out a way to stop the destruction of the world's forests. But some lawmakers think they have a solution, and it relies on financing from some of America's biggest polluters.
Several years ago three U.S. companies sank millions of dollars into a forest reserve in southern Brazil to earn credits to cover some of their carbon emissions back in America. How does the scheme work on the ground? Michael Montgomery reports in collaboration with Mark Schapiro.
