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Waste Business Journal Weekly News Bulletin: Aug. 28-Sep. 3, 2007

Headlines...

  1. BFI Canada Wins Critical Expansion of Seneca Meadows Landfill
  2. Waste Industry Concerned About Regulation of Greenhouse Gases
  3. Monmouth County, New Jersey Buys Private Landfill
  4. Bill Gates' Fund Increases Stake in Republic Services
  5. Waste Services President and COO Wilcox has Left Company
  6. US EPA Order Army to Clean Up Fort Meade
  7. Michigan to Turn Canadian Trash into Energy
  8. Waste Management Declares 24 Cent Dividend
  9. EnGlobe Corp. Names New Chief Financial Officer

 

  1. BFI Canada Wins Critical Expansion of Seneca Meadows Landfill

    BFI Canada said that its operating subsidiary IESI Corp., received the necessary permits for a 31 million ton expansion of its Seneca Meadows landfill in Waterloo, New York. It extends the life of the site to about 2023 based on current annual volumes. The expansion is critical to IESI's New York market strategy especially given the very high price it paid to acquire the landfill back in October, 2003...Read More »

  2. Waste Industry Concerned About Regulation of Greenhouse Gases

    The waste management industry is lobbying state officials, particularly in California, on proposals for reporting and mitigating greenhouse gas (GHG) emissions, including seeking credits for efforts to reduce landfill methane releases. The current efforts which are focused on California's emerging program are likely to shape the course of action in other states and at the federal level. While pending legislation in Congress does not target landfills, several other states are floating requirements that landfills report emissions to varying degrees of stringency...Read More »

  3. Monmouth County, New Jersey Buys Private Landfill

    In a striking reversal of the usual trend, Monmouth County, New Jersey took the unusual step of expanding its landfill by acquiring a privately-owned landfill. The measure guarantees a destination for its waste for at least the next 30 years. The county, which has run its own landfill in Tinton Falls since 1976, plans to take over the adjacent 260 acres known as Shrewsbury Disposal Landfill, which operated between 1963 and 1981. Under the terms of the agreement, the county pays nothing for the site which otherwise would have cost millions of dollars, but will instead spend a similar sum to "mine" the site and modernize it with required pollution control measures. The current owner, though not getting any money on the deal, saves millions in closure and post-closure costs mandated under state and federal environmental regulations...Read More »

  4. Bill Gates' Fund Increases Stake in Republic Services

    Bill Gates' investment fund, Cascade Investment LLC, increased its stake in waste hauler Republic Services Inc. (NYSE: RSG) to 15.1% from 13.7%, according to a recent regulatory filing. The Microsoft Corp. chairman's fund did not reveal when it bought the shares or their price in the "passive" filing with the U.S. Securities and Exchange Commission. Cascade also did not reveal the purpose behind the transactions. The increase in holdings bring Cascade's stake in Republic up to 28.54 million shares...Read More »

  5. Waste Services President and COO Wilcox has Left Company

    Waste Services, Inc. said that Chuck Wilcox had left his position as president and chief operating officer. Chairman and CEO David Sutherland-Yoest has assumed the position of president and will take on responsibility for all of the company's operations. "We are extremely grateful for the contribution Chuck has made to the growth of our company," Sutherland-Yoest said in a statement. "However, the refocusing and concentration of our U.S. operations in the Florida marketplace and the divestiture of both our Arizona and Texas operations has resulted in this position on our executive team becoming redundant."...Read More »

  6. US EPA Order Army to Clean Up Fort Meade

    The U.S. Environmental Protection Agency has ordered the Army to clean up 14 hazardous waste sites at Fort Meade in Maryland and adjacent properties that are part of the Patuxent Research Refuge. The Army is expected to correct contamination that includes solvents, heavy metals, explosives, arsenic and PCBs. Munitions have been found throughout the former range training areas of the base, including parts of the Little Patuxent River. While elevated levels of pesticides and explosive compounds have been detected in aquifers, the EPA says no other drinking water sources are affected. Fort Meade was designated a Superfund site in 1998...Read More »

  7. Michigan to Turn Canadian Trash into Energy

    The governor of Michigan, back from a visit to Sweden and Germany, announced plans to explore energy from waste among other alternative fuels. Gov. Jennifer Granholm said the state will host a Michigan-Sweden alternative energy summit in early 2008 to encourage more investment and jobs, saying that Sweden can provide examples for Michigan on how to capture energy from its forest products, wind power, waterways and landfills in the years ahead...Read More »

  8. Waste Management Declares 24 Cent Dividend

    Waste Management, Inc. declared a quarterly cash dividend of $0.24 per share payable September 21, 2007 to stockholders of record on September 4, 2007...Read More »

  9. EnGlobe Corp. Names New Chief Financial Officer

    Englobe Corp., a leading integrated environmental services company has appointed Aline Bélanger as Chief Financial Officer. Bélanger joins EnGlobe with more than 16 years of financial experience gained in increasingly responsible positions within public companies, most recently as Vice-President, Finance for a partnership between two major energy companies...Read More »

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