Latest news with #environmentalservices
National Post
3 days ago
- Business
- National Post
AECOM awarded global U.S. Air Force contract to support environmental programs
Article content DALLAS — AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been selected by the U.S. Air Force Civil Engineer Center (AFCEC) to deliver global architecture and engineering services through a multiple award task order contract (MATOC) under an indefinite delivery, indefinite quantity framework. The contract supports a wide range of environmental initiatives, including restoration, conservation, planning, and environmental quality for the U.S. Air Force and other federal agencies. Article content 'Our team is honored to support the Air Force's mission with innovative, sustainable solutions that address complex environmental challenges around the world,' said Lara Poloni, AECOM's president. 'This contract reflects the trust our federal partners place in AECOM's technical excellence and ability to deliver. It strengthens our role in helping protect natural resources while supporting operational readiness across global installations.' Article content Under this MATOC, AECOM will provide comprehensive environmental services to the U.S. Air Force, Air Force Materiel Command, Air Force Installation and Mission Support Center, AFCEC, and various Department of Defense and federal stakeholders. Services will span the full project lifecycle—from planning, assessment and investigation to construction-phase design and long-term operations and management support. Article content 'AECOM is proud to continue supporting the U.S. Air Force with our industry-leading, integrated environmental and engineering expertise that aligns with national security and sustainability goals,' said Frank Sweet, chief executive of AECOM's global Environment business. 'This contract exemplifies the rising demand for resilient, future-ready infrastructure that addresses both national security imperatives and environmental sustainability.' Article content The contract ceiling is $1.5 billion, with services to be delivered over a five-year base period and a five-year option period. Article content About AECOM Article content AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at Article content Forward Looking Statements Article content All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement. Article content Article content Article content Media Contact: Article content Article content Brendan Ranson-Walsh Article content 213.996.2367 Article content Article content Article content
CBC
26-05-2025
- Business
- CBC
Alberta Energy Regulator fines company $456K for providing misleading, false information
The Alberta Energy Regulator has fined a company $456,000 for submitting false or misleading information in its applications for reclamation approval. In a decision published Friday, the regulator says CEPro Energy and Environmental Services submitted five certificate applications in 2023 that were incomplete, while two contained false or misleading information. The decision doesn't specify what information was falsified but says providing misleading information is a major contravention of provincial law. "Such actions compromise regulatory oversight and prevent the protection of the environment by obstructing the AER's ability to ensure, in this case, that land reclamation is conducted properly and restored to equivalent land use," the decision says. The regulator is responsible for signing off on the work companies undertake to return land to its original state. If the regulator considers the work complete, it issues reclamation certificates. "By providing false or misleading information, the AER cannot verify whether a site has been properly reclaimed, increasing the risk that contaminated soil, residual pollutants or improperly restored land may go undetected," the decision reads. "This can lead to long-term environmental degradation, such as soil erosion, water contamination and habitat destruction, which may negatively impact local ecosystems, wildlife and future land use." The decision says the fine against CEPro is for 150 separate issues. However, each contravention was not individually assessed for potential harm. "While potential adverse effects are possible and could be of significance, in this specific case the potential adverse effects are unknown," the decision says. "Given the type of information provided in the reclamation applications, the potential for adverse effect is classified as 'minor to none."' The fine includes $75,000 because CEPro didn't previously provide required information on reclamation certificate applications in 2020. The regulator also says it hasn't been able to contact CEPro officials in nearly two years. The company's known phone number was disconnected and mail sent to one of two addresses was returned as undeliverable. The regulator said in a statement Friday that CEPro submitted the applications "on behalf of" Everest Canadian Resources Corp. Everest, a Calgary-based oil and gas company, was ordered to halt operations one month after CEPro submitted the 2023 applications. It was also ordered to give up its assets for failing to operate in an acceptable manner.
Arab News
20-05-2025
- Business
- Arab News
National Water Co. completes $106m in upgrades ahead of Hajj
JEDDAH: The National Water Co., through its Western Cluster, has completed 18 infrastructure and operational projects ahead of the Hajj season in Makkah and the holy sites, valued at SR400 million ($106 million). The projects are part of efforts to refine water and environmental services for residents, visitors and the millions of pilgrims expected during Hajj. Upgrades will boost operational efficiency, expand network coverage and enhance real-time monitoring capabilities. Capital works include the construction of a 190,000-cubic meter steel water tank along with the development and rehabilitation of water storage facilities, main pipelines, valve rooms and distribution networks. These efforts are designed to support supply sustainability and reliability, particularly during peak pilgrimage hours. Operational upgrades include the installation of advanced monitoring systems such as pressure gauges, meters and network sensors. Pumps and isolation valves across water, wastewater, fire and cooling systems have also been modernized to boost performance. More than 1,200 technical, engineering and administrative staff have been assigned to oversee operations and maintain uninterrupted service during the Hajj season. The company said it will provide round-the-clock water supply to the Prophet's Mosque and key religious and historical sites in Madinah. To safeguard water quality, all storage units and connections to pilgrim accommodation are subject to testing. Monitoring is conducted through teams at central and mobile laboratories, which can analyze more than 1,000 water samples per day. Water flow in Madinah's central area will be managed using a smart operation system connected to the Supervisory Control and Data Acquisition monitoring and control room, allowing real-time oversight throughout the Hajj season.
Globe and Mail
14-05-2025
- Business
- Globe and Mail
GFL Environmental Inc. Announces Results from Annual General Meeting of Shareholders
VAUGHAN, ON , May 14, 2025 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") announced the voting results from its annual general meeting of shareholders held today virtually via live audio webcast. Shareholders of the Company voted in favour of all items of business, including the election of each of the director nominees as follows: Name of Nominee Votes FOR % Votes WITHHELD % (a) Patrick Dovigi 408,801,093 94.42 % 24,168,125 5.58 % (b) Dino Chiesa 346,112,656 79.14 % 91,244,670 20.86 % (c) Violet Konkle 428,092,900 98.87 % 4,876,320 1.13 % (d) Sandra Levy 356,489,049 81.51 % 80,868,278 18.49 % (e) Jessica McDonald 356,449,998 81.50 % 80,907,329 18.50 % (f) Arun Nayar 346,717,659 79.28 % 90,639,668 20.72 % (g) Paolo Notarnicola 340,369,808 77.82 % 96,987,519 22.18 % (h) Ven Poole 428,134,474 98.88 % 4,834,746 1.12 % Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at and on EDGAR at About GFL GFL, headquartered in Vaughan, Ontario , is the fourth largest diversified environmental services company in North America , providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of approximately 15,000 employees. For more information: Patrick Dovigi +1 905 326-0101 pdovigi@
Yahoo
11-05-2025
- Business
- Yahoo
In A Recession, These Waste Management Stocks Have Outperformed S&P500 Historically
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Seaport Research Partners analyst John Mazzoni initiated coverage on several major waste management companies with a Buy rating. The analyst writes that Environmental Services companies present a compelling investment case due to their resilient business models, dependable recurring revenue, and significant barriers to entry. Historically, this sector has outperformed the S&P 500 by an average of approximately 10% across the past 16 market corrections, with an impressive success rate of around 75%, adds the analyst. GFL Environmental Inc. (NYSE:GFL): The analyst initiated coverage with a price forecast of $58. Mazzoni writes that the company is led by Founder and CEO Patrick Dovigi, who, at 45, is the youngest CEO within the coverage. This offers the benefit of potential long-term leadership continuity, mitigating succession risks, adds the analyst. Trending: In terms of getting money back, . Further, Mazzoni says that founder-led companies often exhibit more aggressive growth strategies and tend to outperform those led by non-founders, suggesting a potential advantage for GFL. On May 1, the company reported a first-quarter EPS of $(0.06), which fell short of the $0.04 estimate and sales of $1.09 billion, exceeded the estimated $1.07 billion. Republic Services, Inc. (NYSE:RSG): Mazzoni started coverage with a price forecast of $270. The analyst says that stock performance has significantly improved under the leadership of Jon Vander Ark (JVA), who assumed the CEO role in 2021 after serving as COO since 2018. The analyst writes that their market analysis indicates that Republic Services currently captures less than 10% of the substantial Environmental Services Total Addressable Market (TAM). Mazzoni anticipates that technology will play a key role in driving further margin expansion within the Environmental Services sector. This is expected to be achieved through advancements in areas such as optimized routing, automated notifications, dynamic scheduling, enhanced self-service options for customers, improved collection efficiency, and ultimately, greater customer lifetime value resulting from increased service quality, adds the analyst. On April 25, the company reported first-quarter adjusted EPS of $1.58, which surpassed the consensus estimate of $1.53 and sales of $4.01 billion, slightly missing the estimated $4.05 Connections, Inc. (NYSE:WCN): The analyst initiated coverage with a $220 price forecast. The company has historically been recognized as the top operator in the Environmental Services industry and currently holds the third-largest market share, says the analyst. The analyst adds that the stock experienced a decline following an unforeseen event at the Chiquita Canyon landfill (ETLF). Nevertheless, Mazzoni writes that the positive development is the landfill's closure in January 2025, which he believes will lead to decreasing headwinds on free cash flow (FCF) moving forward. The analyst sees a potential mergers and acquisitions (M&A) pipeline of approximately $4 billion to $5 billion that aligns well with Waste Connections' existing operations, primarily concentrated in the solid waste sector. On April 24, the company reported first-quarter adjusted EPS of $1.13, which exceeded the consensus estimate of $1.10 and sales reached $2.23 billion beating the estimated $2.22 billion. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.30/share! Photo by BCFC via Shutterstock Send To MSN: Send to MSN This article In A Recession, These Waste Management Stocks Have Outperformed S&P500 Historically originally appeared on
