N.B. lumber company sales during record price surge pass $1B
New Brunswick lumber companies rode escalating prices to another income record in March but it s not all good news in the province s forest industry, as discontent over the price being paid for New Brunswick trees that lumber is made from continues to grow.
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CIBC slams perplexing N.B. refusal to raise timber royalties during record lumber price surge
New Brunswick is digging in on its decision not to raise royalty rates on Crown timber to take advantage of record prices for lumber, even though records show it has lowered royalties in response to weak lumber prices in the past.
Social Sharing There s a landlord in the province that doesn t want to collect their rents, says company analyst
Posted: May 12, 2021 6:00 AM AT | Last Updated: May 12
Acadian Timber Corp. owns 308,000 hectares of New Brunswick forest and sells sawlogs and pulpwood to provincial mills. Last week, the company was called an underperformer by CIBC for not being able to get better prices for its wood.( Jonathan Hayward/Canadian Press)
iPolitics By iPolitics. Published on May 12, 2021 11:12am Enbridge offices (Mack Male via Flickr)
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Wednesday is a critical day for Enbridge’s Line 5 pipeline. May 12 marks 180 days since Michigan Gov. Gretchen Whitmer “gave notice that the state was terminating a 1953 easement for the pipeline,” which carries oil to refineries in Ontario through Wisconsin and Michigan. Whitmer said Line 5 “poses an unacceptable risk of a catastrophic oil spill,” the National Observer reports.
Alternative modes of transport for the crude Line 5 currently transports are not favourable, according to Natural Resources Minister Seamus O’Regan.
Using 18-wheelers, boats, and railway cars to transport oil would be “messy, polluting, and expensive,” O’Regan told CTV News Channel’s Power Play on Tuesday. “That’s a contingency plan that I don’t want to have to bank on.”