Victory! Plum Creek Drops Easement Change
I slept in after a quiet and lovely New Year’s Eve. I was planning an equally pleasant morning, only to find myself practically cursing the new year when I opened the paper. Above the fold was a huge headline with Undersecretary of Agriculture Mark Rey’s proclamation that he would complete the renegotiation of road easements with Plum Creek Timber Company before leaving office at the end of the month.
What a brutal way to start the new year – one more giveaway by the Bush Administration. So imagine my surprise when I received an email this afternoon with the following heading, “Plum Creek Pulls Out.” Attached to the email was the formal letter from Plum Creek CEO Dave Holley, announcing that they would no longer continue to pursue a renegotiation of the easements with the Forest Service. (I would attach the letter here, but we had a major website failure over the holidays, and most functions aren't working).
Wildlands CPR worked with the Clark Fork Coalition, Trillium Asset Management Corporation and Newground Social Investment, to pursue a shareholders strategy to challenge Plum Creek’s continued engagement in this process. We provided extensive assistance to the investment firms about the impacts, questionable legality, and environmental and economic consequences of the proposed renegotiation. The investment firms then sent a letter to Plum Creek on behalf of a number of Plum Creek shareholders, asking that they cease all negotiations to change the road easements. The shareholder letter received excellent local media attention, but Plum Creek didn’t seem to waiver. As a matter of fact, they wrote back, in a guest opinion in the Missoulian, that they didn’t think the investment firms truly represented any shareholders (which was patently false).
After more back and forth between Plum Creek and the investors, the investment firms developed a specific type of shareholder resolution, that would have resulted in continued bad public relations for Plum Creek. That resolution was submitted to Plum Creek in November, and remains on the schedule for the shareholders meeting this spring.
Happily, it appears that resolution may no longer be necessary (though Plum Creek has other outstanding issues that these investors are also trying to address). It also appears that a lot of land in the wildland/urban interface will remain in the status quo (which means it could be developed, but each individual land owner will have to negotiate their specific easements with the Forest Service, thus making development more difficult).
While the status quo isn’t perfect, this is still a huge victory!! The renegotiation of easements would have made it profoundly easier for Plum Creek to sell off some of their lands for development. At a presentation this fall, the CEO stated that about 2 million acres are currently being considered for sale.
And while we are thrilled with this victory, we also understand that there were many other factors that contributed, it really was a “full-court press.” Other pressure included:
So thanks to everyone who worked on this issue, and let’s hope that today’s news bodes much better for 2009 than the initial story I read about this on New Year’s Day.
What a brutal way to start the new year – one more giveaway by the Bush Administration. So imagine my surprise when I received an email this afternoon with the following heading, “Plum Creek Pulls Out.” Attached to the email was the formal letter from Plum Creek CEO Dave Holley, announcing that they would no longer continue to pursue a renegotiation of the easements with the Forest Service. (I would attach the letter here, but we had a major website failure over the holidays, and most functions aren't working).
Wildlands CPR worked with the Clark Fork Coalition, Trillium Asset Management Corporation and Newground Social Investment, to pursue a shareholders strategy to challenge Plum Creek’s continued engagement in this process. We provided extensive assistance to the investment firms about the impacts, questionable legality, and environmental and economic consequences of the proposed renegotiation. The investment firms then sent a letter to Plum Creek on behalf of a number of Plum Creek shareholders, asking that they cease all negotiations to change the road easements. The shareholder letter received excellent local media attention, but Plum Creek didn’t seem to waiver. As a matter of fact, they wrote back, in a guest opinion in the Missoulian, that they didn’t think the investment firms truly represented any shareholders (which was patently false).
After more back and forth between Plum Creek and the investors, the investment firms developed a specific type of shareholder resolution, that would have resulted in continued bad public relations for Plum Creek. That resolution was submitted to Plum Creek in November, and remains on the schedule for the shareholders meeting this spring.
Happily, it appears that resolution may no longer be necessary (though Plum Creek has other outstanding issues that these investors are also trying to address). It also appears that a lot of land in the wildland/urban interface will remain in the status quo (which means it could be developed, but each individual land owner will have to negotiate their specific easements with the Forest Service, thus making development more difficult).
While the status quo isn’t perfect, this is still a huge victory!! The renegotiation of easements would have made it profoundly easier for Plum Creek to sell off some of their lands for development. At a presentation this fall, the CEO stated that about 2 million acres are currently being considered for sale.
And while we are thrilled with this victory, we also understand that there were many other factors that contributed, it really was a “full-court press.” Other pressure included:
- the unceasing pressure and scrutiny of the Missoula County Commissioners in particular, in addition to other county commissioners;
- the constant pressure by Senator Tester’s office to derail this renegotiation;
- the recent GAO report that implied, strongly, that the renegotiation wasn’t legal;
- the real estate meltdown; and
- the change to the new administration and the likelihood Plum Creek would have had to spend a lot of money and political capital defending the new easements in the courts and with a less friendly administration.
So thanks to everyone who worked on this issue, and let’s hope that today’s news bodes much better for 2009 than the initial story I read about this on New Year’s Day.
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Comments
Submitted by Jim Moose (not verified) on January 11, 2009 - 12:11.
Plum Creek plans for Clearwater Valley
Submitted by Jim Moose (not verified) on January 12, 2009 - 23:24.
Plum Creek/Montana zoning laws
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