82 



that perhaps — as a matter of fact, the closing remark on the tape 

 was I think that — ^that environmental policy got in the way of good 

 science. 



Mr. Rose. All right. 



Well, I have seen that work both ways, 



Mr. Pombo. 



Mr. Pombo. Thank you, Mr. Chairman. 



I guess the first question I would like to ask Mr. Campbell is: 

 Is your company a willing seller of the 4,400-acre-plus old-growth 

 redwood area that has been described here today? 



Mr. Campbell. Yes, we are, with some provisions. It has to be 

 at fair market value so that our shareholders are protected and 

 that the executives of the company maintain their fiduciary respon- 

 sibility. 



Mr. Pombo. What about the remainder of the 40,000 acres that 

 has been described as part of the spill? 



Mr. Campbell. We do not agree with that and we would fight 

 that vigorously because it would impact our operations severely. 



Mr. Pombo. So you are a willing seller of the 4,500 acres, but not 

 the remainder? 



Mr. Campbell. At fair market value, yes. 



Mr. Pombo. If you don't mind, would you share with us why you 

 are willing to sell what in my understanding would be very profit- 

 able lumber for your company? 



Mr. Campbell. Well, we realize that there is significant concern 

 about this property in the environmental community and that is 

 really the reason that we put on the self-imposed moratorium 3V2 

 years ago which we worked out with Congressman Bosco at that 

 time, Senator Barry Keene from our district and Assemblyman Dan 

 Hauser and the company agreed to a 2-year moratorium on the 

 property to see if something could be worked out. 



Here we are 3V2 years later and still nothing has been worked 

 out and we still maintain that position. We would like to see some- 

 thing done with the property one way or the other. 



Mr. Pombo. On a question from Mr. Hamburg earlier, you stated 

 that you could go in and log that area today if you chose to. 



Mr. Campbell. No, I think he was referring to Owl Creek. We 

 have a harvest plan on the Headwaters Forest and it is in litiga- 

 tion. 



Mr. Pombo. So you could not go in and log that area? 



Mr. Campbell. Not at this point, no. 



Mr. Pombo. Without the litigation, if the lawsuit hadn't been 

 filed, could you go in and log it? 



Mr. Campbell. I think what we would have to do is consult prob- 

 ably with the U.S. Fish and Wildlife Service, as Mr. Detrich said 

 earlier. We would work something out on the ground. We have 

 done that with the spotted owl. We have a spotted owl manage- 

 ment plan for our entire property and the U.S. Fish and Wildlife 

 Service has concurred that the plan is functional and we are not 

 impacting the bird on our property. 



We feel we can do the same thing with the marbled murrelet and 

 other species of concern. The company is a very responsible opera- 

 tor. 



