EU Agrees To Recycling Fees For Manufacturers
European manufacturers will have to pay for recycling electrical goods, from refrigerators to laptop computers, under an agreement reached recently by negotiators from European Union governments and the EU's parliament. The EU estimates that old appliances account for about 6 million tons of waste across Europe, most of which currently goes into landfills. Under the new rules due to be phased in by 2006, the EU hopes up to 75 percent of goods such as toasters and washing machines can be recycled. Industry officials warned that the new rules will cost at least $7.4 billion a year...Read More »
Insituform, Phoenix Enter Into Construction Agreement
The city of Phoenix, Arizona, on behalf of a local Subregional Operating Group, and Insituform Technologies, Inc. have entered into a contract naming Insituform as Construction Manager on a Construction Manager at Risk project with estimated construction in excess of $10 million. Phoenix is one of the first cities in the nation to contract for sewer rehabilitation using the "CM@Risk"; procurement method. The SROG is a multi-city operating group consisting of the Arizona cities of Glendale, Mesa, Tempe, Scottsdale and Phoenix, all of which own treatment capacity at Phoenix's Wastewater Treatment Plant and capacity in certain conveyance facilities to the plant...Read More »
GM PCB Cleanup May Take An Additional Year
The decade-old cleanup of hazardous waste sites at the General Motors Corp. plant in Massena, N.Y. will probably take two more years to complete instead of one, the company has said. GM initially set its goals too high when it said the cleanup of polychlorinated biphenyl-laden soils and sediments in the plant's lagoons and landfills would be completed by the end of 2003, company officials said. The 12-acre GM industrial toxic waste site is part of the company's 270-acre industrial complex, bordered by the St. Lawrence River, the Raquette River and the St. Regis Mohawk reservation in northern New York. While the company made progress this summer excavating hazardous materials from its waste lagoon and the Raquette River, GM officials said they need the EPA to decide how the final phases of the project should be done...Read More »
Bugs Will Make Sub-Surface Waste Subsidiary a Public Company
U.S. Microbics, Inc. (OTCBB: BUGS) intends to make its wholly owned subsidiary, Sub-Surface Waste Management, Inc., a publicly traded company within the next sixty days in order to increase the value of its core environmental technology, attract growth capital and provide a future dividend of SSWM stock for BUGS shareholders. SSWM provides civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies...Read More »
Waste Connections Will List on NYSE
Waste Connections, Inc. (Nasdaq: WCNX) announced today that it plans to list its common stock on the New York Stock Exchange. The company anticipates its shares to begin trading on the NYSE on October 24th, 2002 under the symbol "WCN." Until that time, the company's shares will continue trading on the Nasdaq National Market under the symbol "WCNX". Waste Connections, Inc. serves more than 925,000 commercial, industrial and residential customers. Waste Connections, Inc. was founded in September 1997 and is headquartered in Folsom, California...Read More »
EPA Names Louisiana-Pacific Corp. As Wastewise Champion
The federal EPA has named Louisiana-Pacific Corporation (LP) (NYSE:LPX) a WasteWise Program Champion for its waste reduction activities. This distinction recognizes LP's effort to educate its employees about environmental responsibility and improve its waste reduction programs. LP has 5.6 billion pounds of wood by-products, scrap metal, and plastics in 2001. LP's waste prevention and recycling efforts included using more than 3 billion pounds of waste for energy recovery, and a 74.6 million pound reduction in total disposal volumes. This effort represented a 43 percent reduction from waste disposed in 2000...Read More »
Climate Change Damages Threaten Insurers
The global insurance industry faces losses of up to $150 billion over the next ten years from damages associated with natural disasters, which are likely to increase in frequency and severity because of global climate change, according to a recent report jointly released by the U.N. Environnement Program and 295 insurance and investment companies. The report, titled Climate Change and the Financial Services Industry, concluded that losses as a result of natural disasters appear to be doubling every decade and have totaled $1 trillion over the past 15 years...Read More »
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