Obituary: Mike Palmerton, Commonwealth Plywood

We regret to inform you that Mike Palmerton of Commonwealth Plywood has passed away.

 

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Blackouts Spread In China

China is battling its worst electricity crisis in a decade. The country is so short on power that many cities are suffering blackouts. Factories were either forced to close entirely or are able to stay open only for a few hours per week. The crisis was caused by the spike in the price of coal as the country's economy reopened post-COVID, which meant that power stations began operating at a loss and were forced to close.

 

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U.S. & Vietnam Agree On Timber Pact, Avoiding Punitive Tariffs

The U.S. and Vietnam have reached an agreement on illegally harvested and traded timber that allows Vietnam to avoid punitive tariffs. The agreement "secures commitments that will help keep illegally harvested or traded timber out of the supply chain and protect the environment and natural resources," said the Office of the U.S. Trade Representative.

 

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Who Will Plant All Those Trees?

Congress has recognized the value of planting trees in combatting climate change. This Congress has introduced several bills to increase tree planting and tree seedling production, including the Trillion Trees Act (HR 2693), the REPLANT Act (S 866), and most recently, America's Revegetation and Carbon Sequestration Act (S 2836).

 

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California Governor Vetoes Tropical Deforestation Bill

Last week, Governor Gavin Newsom vetoed legislation that would have required businesses who sell to the state of California to demonstrate that their activities do not contribute to tropical deforestation. Newsom said he rejected the bill because it would hurt small businesses.

 

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