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Gibson Guitar settlement strikes chord with wood companies

Although it has the CEO of the iconic guitar maker Gibson Guitar Corp. singing the blues, a U.S. law aimed at limiting deforestation has attracted calls for strict enforcement from other affected companies. The Lacey Act, a 112-year-old import restrictions law Gibson acknowledged breaking in early August, was amended in 2008 to reduce illegal logging in Asia and other tropical countries. It requires any U.S. company importing exotic wood products to take extra care in documenting sources and confirming they aren’t in violation of global sustainable forestry practices. A settlement reached with Gibson Guitar this month is held up as the first instance of action taken to enforce the Lacey Act’s provision for wood sourcing. More…

News selected by Covalence | Country: USA | Company: Gibson Guitar Corp.  | Source:

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