The Fight Over the Redwoods Essay - 1442 Words

The Fight Over The Redwoods Abstract Pacific Lumber Company, founded in 1869, oversees the careful maintenance and logging of the world’s most productive timberland. Pacific Lumber holds the last private forest of old-growth Redwood. In addition to it’s unique hardwood, the Redwood forest hosts an ecosystem supporting virgin ground never logged, and the endangered Marbled Murrelet. After being purchased in 1985 by the Maxxam firm and it’s owner Mr. Hurwitz, Pacific Lumber tripled logging volume and looked to log the previously privately protected Redwood forest. Due to the use of junk-bonds for financial backing, Maxxam Inc. needed to dramatically increase revenue streams to make interest payments which resulted in the†¦show more content†¦If the ecosystem supporting our way of life collapses, so does our way of life. Question 2: Although land ownership is an individual right, what takes place on that land is still a concern for governing agencies. In this case, the impact to ecosystems covers an area greater than just the area owned by one individual or firm. Controlling the impacts of the landowners operation mitigates the impact to other landowners in the area. Owning land still requires a reasonable person to behave in a manner consistent with the law of the land. In this analysis, a gentlemen named Hurwitz backed Maxxam Inc. to purchase Pacific Lumber. Hungry for profits, he altered Pacific Lumber’s focus to the short term profitability of the firm, instead of long term sustainment of the business. Poor business practices put Maxxam Inc. in a position requiring a fixed amount of income to pay loan interest and fees. Hurwitz never assessed whether or not he could sustain payment with current operations and was forced to increase operations to make profitability still viable. (T he Terrestrial Environment, 1998) Question 3: Mainstream environmentalists were correct to stop Pacific Lumber from ravaging it’s timberland. 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