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Climate
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Climate Change
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Australia's US$2B Social Housing Accelerator Fund 'can also be a winner for sovereign capability and climate' if government encourages use of timber for new-home construction: Australian Forest Products Assn.
Australian Forest Products Association (06/20)
Montana officials downplay first-of-its-kind climate change lawsuit, saying win for young plaintiffs will not change fossil fuel approvals; plaintiffs argue a state law preventing consideration of fuel projects' GHG impacts in permits is unconstitutional
Associated Press (06/20)
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Carbon Trading / Credits
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New Zealand's review of Emissions Trading Scheme is 'long-overdue' acknowledgement ETS is not working, says Beef + Lamb NZ; sheep and beef sector and rural communities have been hurt by policies it says led to out-of-control land-use change into forestry
Targeted News Service (Press Releases) (06/20)
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Greenhouse Gas (GHG) Emissions
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US Trade Representative requests International Trade Commission to collect GHG emissions data on makers of steel, aluminum by 2025; US Steel Manufacturers Assn. says its members produce world's lowest-GHG steel via energy-efficient electric arc furnaces
Steel Manufacturers Association (06/20)
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Recycling & Waste
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Municipal Solid Waste / Recycling
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New Forest District Council in Hampshire, England, to begin removing 'mountain of PPE,' recycle them into plastic bags; PPE material is currently packaged, palletized at Little Testwood Farm in Calmore
Waste360 (06/20)
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Logistics & Supply Chain
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Logistics, Shipping & Delivery
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Brotherhood Railway Carmen Division, BNSF Mechanical partner to request expansion of Federal Railroad Administration’s test waiver for Brake Health Effectiveness Program; groups to collaborate on future tech, such as machine vision
Associated Press (06/20)
Strong Recovery for Ethiopia’s Aviation Sector Post-COVID, Clearing Blocked Funds is Critical
International Air Transport Association (IATA) (06/20)
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Trade
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Trade Dispute / Trade War
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European Union unveiled a proposal to protect the bloc's economies from risks posed by unreliable suppliers; European Commission trying to develop measures to protect trade and investment that rivals might want to exploit for security or military purposes
Associated Press (06/20)
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Food & Beverage
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Alcoholic Beverages
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Finnish government launches new program in which excise duties on beer will be reduced and excise duties on spirits and wines will be increased
M-Brain Nordic News (06/20)
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Industries
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Agribusiness & Raw Foods
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USDA investing US$320M to create new and better markets for agricultural producers and food businesses in 19 states across rural America, including Alabama, Connecticut, Iowa and Minnesota
St. Joseph Post (06/20)
Imposing tariffs on Mexican imports of white corn does not correct the crisis of producers currently living in the north of the country, especially because the underlying problem is the fall in prices on the international market, industry officials say
CE Noticias Financieras (Latin America) (06/20)
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Building Products & Wood
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City of Weed, California, and Roseburg Forest Products agree to US$7.25M settlement resolving claims from 2022 Mill Fire; city worked directly with Roseburg on settlement, which will restore damaged infrastructure, help the community rebuild
PR Newswire (06/20)
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Chemicals
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ACC announces launch of new tool tracking EPA progress in new chemicals reviews under the Toxic Substances Control Act; resource will be updated monthly using EPA public data sources
American Chemistry Council (06/20)
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Forestry/Timberland
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US Representative for Arkansas introduces Flatside Wilderness Additions Act, to add 2,215 acres controlled by US Forest Service to Flatside Wilderness area; addition would boost state's outdoor recreation economy
US Official News (06/20)
British Columbia's Forest Innovation and Bioeconomy Conference, June 19-21, brings together leaders in forestry, government, academia; FPInnovations, Paper Excellence, COFI, University of British Columbia are sponsoring event
Government of British Columbia (06/20)
Okanogan County, Washington, commissioners impose countywide burn ban effective June 15 through Oct. 15, acting on a recommendation from the multi-agency Fire Advisory Committee
Quad City Herald (Brewster, WA) (06/20)
California launches first-of-its-kind US$20M Prescribed Fire Liability Claims Fund Pilot; aim is to provide new protections for prescribed fire and cultural burning practitioners to promote use of controlled burns to reduce wildfire risk
California Dept. of Forestry and Fire Protection (Cal Fire) (06/20)
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Metals & Minerals
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City council of Scottsbluff, Nebraska, approves restatement of LB 840 economic development assistance agreement with Prime Metals after business losses; re-negotiated economic agreement offers greater security and support for struggling local business
Star-Herald (Scottsbluff, NE) (06/20)
Chile's state-own Codelco, world's largest copper producer, announces plan to boost lithium production; to emulate success of public-private partnership in Indonesia, Codelco to provide capital while letting existing commercial miners to extract resource
MarketLine (06/20)
Chile gives green light to Los Bronces copper mine extension after initially rejection due to air quality, glacier melting concerns; approval came after Anglo American promises to replace 70,000 wood-burning stoves across Santiago to reduce pollution
Mongabay News (06/20)
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Retailing
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UK government says it never considered imposing supermarket price caps for essential items; announcement comes amid report that government was considering such caps but scrapped the idea after opposition from industry officials
just-food.com (06/20)
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Tobacco, Cannabis & Derivatives
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New York appears to be falling short of its expected US$56M in revenues from its first year of legal marijuana sales, according to report backed by medical marijuana operators; industry criticizes laws that it says are too restrictive
New York Post, The (06/20)
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Macro Economics |
Interest Rates
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China cut the one-year Loan Prime Rate to 3.55% from 3.65%, and the five-year LPR to 4.2% from 4.3%; People's Bank of China is offering US$33B to banks through the medium-term lending facility to maintain sufficient liquidity in banking system
ArabianBusiness.com (06/20)
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In the News
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