Sunday, February 10, 2008

Chron weighs in on Palco bankruptcy

Posted By on Sun, Feb 10, 2008 at 1:51 PM

The bright side of bankruptcy -- from Sunday's San Francisco Chronicle editorial page:

Redwood wrangle - It may be a new day for logging

The fabled Pacific Lumber redwood company is teetering in a billion-dollar bankruptcy in a Texas courtroom, some 1,800 miles from its foggy stands of primeval trees near Humboldt Bay.

It may sound like an ignoble end to a woodsy soap opera that's featured tree sitters, a corporate raider and $500 million in government payouts to forestall chain-sawing many of the world's oldest, tallest trees.

But the court proceedings may produce a remarkable result: a revival of logging on terms that both environmentalists and timber firms can accept. Jobs, thriving forests, regulatory precautions - all the issues that bedevil the timber industry and its critics - could be worked out in a new way.

Read the rest here...

  • Pin It
  • Favorite
  • Email

Tags: , ,

Comments (7)

Showing 1-7 of 7

Add a comment

Subscribe to this thread:
Showing 1-7 of 7

Add a comment

Readers also liked…

About The Author

Bob Doran

Bob Doran

Freelance photographer and writer, Arts and Entertainment editor from 1997 to 2013.

more from the author

Latest in News Blog


Facebook | Twitter

© 2021 North Coast Journal

Website powered by Foundation