Timberlink Australia Pty Ltd (“Timberlink”) and New Forests Pty Ltd (“New Forests”) welcomed a $7.8 million grant to Timberlink by the South Australia Minister for Manufacturing, Innovation and Trade, Tom Kenyon. Sources: Timberbiz, ABC News
Just two months ago lumber prices were nearing the housing bubble highs. Since then prices have declined sharply, with prices off about 25% from the highs in early May. Source: Business Insider
The Philippine government is developing various policies on timber legality aimed at enabling the local furniture exporters comply with the timber demands of their overseas consumer markets, particularly the United States and European Union. Source: Philippine Information Agency
In order to keep pace with the burgeoning demand for renewable energy, forest management policy in the US must change to address environmental sustainability issues, according to an article by a University of Illinois expert in bioenergy law. Source: Phys Org
It makes better financial sense for the native forests of southern NSW to remain un-logged and left to generate carbon credits, a new report suggests. Source: The Sydney Morning Herald
Western Australia’s Forestry Minister Terry Redman insists the Government has handled the forestry industry well, despite a range of problems coming to light in recent weeks. Source: ABC News
Honda is doing more to reduce greenhouse gas emissions than just engineer its cars. It has funded the planting of over 530,000 native trees in New Zealand since 2004, through its TreeFund. Source: Stuff NZ