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