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Latest timber industry news, updated on Monday, Wednesday and Friday.

NZ cheated on carbon credits

New Zealand is being accused of cheating to fulfil its international climate change obligations. A new report by the Morgan Foundation says foreign carbon credits, which New Zealand bought to reach its climate targets were fraudulent. Source: The New Zealand Herald It says that New Ze
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Midway about to float on stockmarket

The country’s largest high-quality woodchip processor and exporter woodchip, Midway, is set to front fund managers ahead of a potential $250 million sharemarket listing. Source: Australian Financial Review The Australian Financial Review can reveal analysts at Ord Minnett and Mo
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Log truck driver training a must in NZ

The spate of log truck accidents in Northland highlight the need for the government to have a balanced transport policy that includes rail, and in addition provides specialist training for local drivers and a much greater allocation of funding to improve the roads, according to the Ne
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CEO of PF Olsen new president of FOA

Peter Clark, the chief executive officer of PF Olsen Ltd, has been elected president of the Forest Owners Association (FOA). Source: Timberbiz, Scoop NZ, Lesprom He replaces retiring president Paul Nicholls. George Asher, chief executive officer of the Lake Taupo Forest Trust, has bee
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High Court penalizes Carbon Conscious New Zealand

Carbon Conscious New Zealand Ltd wanted to plant trees on an eastern Taranaki property to earn carbon credits. Source: Stuff NZ Although the purchase of a Taranaki hill country property for planting in forestry breached the Overseas Investment Act (OIA), it was based on poor legal adv
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Wood waste should earn energy credits

Foresters say wood waste should earn renewable energy credits to help plug a huge gap in the Renewable Energy Target. But the industry says the law needs to be changed to allow credits under the Renewable Energy Target (RET) scheme for direct heat generation from wood waste. Source: A
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Draft wood collection policy for Junee

Wood collectors in the Junee Shire Council will be forced to have $20 million in public liability insurance if a draft policy being considered is adopted. Source: Junee Southern Cross Council has published a draft wood collection policy following a spate of illegal felling and subsequ
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Benalla sawmill expansion project

The Ryan & McNulty sawmill in Benalla has received about $100,000 from the State Government to complete a $900,000 expansion project. Source: ABC News The project, which includes new steam boilers and docking lines, will create seven new jobs and increase production capacity by ab
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