Global Forest Watch released new satellite-based data showing how forests around the world changed in the year 2015. The data, produced through the analysis of roughly a million satellite images by the University of Maryland and Google, measures the death or removal of trees at least 5 meters tall within 30×30 meter areas. This can capture any number of sustainable or unsustainable activities, from the clearing of natural forests to the harvest of tree plantations, but when analyzed appropriately with other contextual data and information can serve as a proxy for deforestation (typically defined as the permanent conversion of forest land for another use).
Canfor Corporation (TSX:CFP) announced today it will be closing its Vavenby sawmill in British Columbia this July following an orderly wind down. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million. […]