The Rising Influence of Rising Affluence

[DewDiligence]

PCL—How much weight do you put on this pine beetle issue? It seems like right now it is helping PCL because it is hurting the Canadian companies. But if I recall this is becoming an issue in regions like Montana as well, correct?

The mountain pine beetle is indeed providing a consequential boost to PCL’s long-term prospects; please see the graphic in #msg-47898395 for some startling factoids.

PCL’s own timberlands have not been adversely affected by the mountain pine beetle because, unlike government-owned timberlands, they are actively managed. I.e., if PCL notices an insect infestation, workers can immediately clear cut the stand to prevent it from spreading.