Bad News for Trees: Utility Pole Demand is Surging Amid Climate Change

Posted on AllSides November 10th, 2023
From The Center
Bob Riha, Jr./Getty Images

Electric cars, solar and wind power, and the need to upgrade the nation's electrical grids all bode ill for big trees.

Demand for utility poles is surging amid a tsunami of infrastructure spending, The Wall Street Journal reports.

The two companies that dominate the utility pole in the U.S. are booming.

Stock of Pittsburgh-based Koppers is up 41% year-to-date. Shares of Montreal-based Stella-Jones are up 68% this year. The S&P 500 Index, by contrast, is up about 13% year-to-date.

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https://themessenger.com/business/bad-news-for-trees-utility-pole-demand-is-surging-amid-climate-change-and-rollout-of-electric-cars

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