Mongabay: The European Parliament today voted overwhelming to bar illegally logged timber from E.U. markets. The legislation, which passed 644-25, will require all companies selling timber products in the E.U. to prove their wood is legally sourced. Companies that fail to demonstrate credible sourcing practices will be subject to fines. The rules will go into effect in 2012, but paper products will be exempted for five years. The legislation was supported by domestic timber …