Oregon Returns $61 Million In Timber Revenues
Out of almost $100 million in overall timber sale revenues in 2022, the state of Oregon has returned $61 million to the counties that have state forest acreage. State law requires two-thirds of forest revenues be distributed to the Forest Trust Land Counties, with the remainder earmarked for state forestry operations. Oregon operates five state forests that cover 729,000 acres of timberland. Overall, 12 counties shared in the revenues, led by $19.1 million to Clatsop County which contains the 147,000 acre Clatsop State Forest. The 357,000 acre Tillamook State Forest is Oregon’s top producer, generating $30 million shared by three counties.
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Weyerhaeuser Completes Carbon Credit Sale
Weyerhaeuser announced an agreement for the sale of nearly 32,000 forest carbon credits at $29 per credit. This agreement marks Weyerhaeuser’s first transaction in the voluntary carbon market and represents the sale of all credits issued by American Carbon Registry for the first year of the company’s Kibby Skinner Improved Forest Management (IFM) project in Maine…
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