The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Charly Travers, James Early, and Joe Magyer, discuss the latest business news. Kimberly-Clark announced that it will cut the amount of wood fiber it uses in products like Kleenex tissues and Huggies diapers. What will take its place? The company says it will test alternatives, including wheat straw and bamboo. In this segment, the guys analyze what the news means for the environment as well as for shareholders. With shares of Kimberly-Clark trading at an all-time high, the guys discuss whether other dividend-paying consumer-products companies like Procter & Gamble might be more attractive right now for investors.

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Chris Hill owns shares of Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services have recommended buying shares of Procter & Gamble, Johnson & Johnson, and Kimberly-Clark and creating a diagonal call position in Johnson & Johnson. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.