Oregon Dept. of Forestry Seeks Operating Loan
State forestry officials are seeking changes to the way the state funds firefighting efforts after the agency had to ask the Oregon State Treasury for a $60 million loan to tide the agency over until it can get more money from the Legislature. After taking the brunt of this year’s $317 million in firefighting costs (almost half will be reimbursed—eventually—from the federal government), the Oregon Dept. of Forestry is broke.
According to ODF officials, the agency has had to ask for loans several times in the past 20 years, most recently in 2021. They add that firefighting costs have increased dramatically the past decade at a rate of more than $10 million annually of rising costs. The agency is working on a report that includes potential new funding models that will be forwarded to the 2025 legislature.
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Enviva Announces First Quarter Setback
Enviva, the world’s largest producer of industrial wood pellets, released its quarterly report in early May, and it rippled through the wood-to-energy ranks. “The plans and initiatives underway to improve productivity and costs across Enviva’s current asset platform continue to fall behind expectations,” commented John Keppler, Executive Chairman of the board. “While the board of directors remains convinced of management’s ability to deliver the originally forecasted operational and financial performance over time, it is clearly taking longer than expected…
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