Sunday, February 10, 2008
Chron weighs in on Palco bankruptcy
Posted By Bob Doran @bobbobbob 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 loggingThe 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.
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Bob Doran
Freelance photographer and writer, Arts and Entertainment editor from 1997 to 2013.
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