Core Insights - Waste Connections reported Q2 2025 GAAP revenue of $2.41 billion, exceeding analyst expectations of $2.39 billion, and Non-GAAP EPS of $1.29, surpassing the forecast of $1.25, driven by solid waste pricing and acquisitions [1][2] Financial Performance - Non-GAAP EPS increased by 4.0% year-over-year from $1.24 to $1.29 [2] - Revenue rose by 7.1% from $2.25 billion in Q2 2024 to $2.41 billion in Q2 2025 [2] - Adjusted EBITDA reached $786 million, a 7.4% increase from $732 million in the previous year [2] - Adjusted EBITDA margin was stable at 32.7%, slightly up from 32.6% year-over-year [2] - Adjusted free cash flow decreased by 9.0% to $367 million compared to the prior year [2] Business Model and Strategy - Waste Connections focuses on waste collection, landfill, recycling, and special waste services, serving over nine million customers across 46 U.S. states and six Canadian provinces [3] - The company aims to grow through acquisitions and vertical integration, controlling the waste stream end-to-end [4] - Emphasis on secondary and rural markets helps reduce customer churn and improve financial returns [4] Operational Highlights - Core solid waste pricing increased by 6.6%, offsetting input cost inflation of 4% to 4.5%, leading to a margin expansion of approximately 70 basis points [5] - Total revenue growth was supported by $112.9 million from acquisitions, despite a 2.6% decline in volume due to shedding underperforming contracts [6] - Solid waste collection accounted for 70% of total revenue, with recycling revenues growing by 9.2% year-over-year [7] Employee and Safety Performance - The company achieved record employee retention and safety performance, with incident counts dropping by 40% [8] - Operational improvements are attributed to a focus on culture and better field execution, increasing internalization rates to 60% [9] Future Outlook - Waste Connections maintains its FY2025 guidance, targeting revenue of $9.45 billion and adjusted EBITDA of $3.12 billion [12] - Management expresses confidence in potential upside from acquisitions and stabilization in commodity-related income [12] - Areas for investor monitoring include pressures on volumes in cyclical sectors and margin sensitivity to commodity swings [13]

Core Insights - 374Water Inc. has commenced installation and commissioning activities for its AirSCWO 6 System, aimed at treating six PFAS-impacted waste streams starting in August 2025 [1][3] - The project is part of a Department of Defense initiative to evaluate commercial-scale technology solutions for destroying PFAS contaminated wastes, in collaboration with the Defense Innovation Unit [2][4] - The AirSCWO technology is expected to demonstrate effectiveness, scalability, and versatility in treating waste streams sourced from DoD facilities and produced waste streams [3][4] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, providing solutions for municipal, federal, and industrial markets [1][7] - The company's AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [7] - 374Water aims to assist customers in meeting discharge requirements, reducing disposal costs, and minimizing litigation risks, contributing to environmental sustainability [7] Project Details - The project involves a three-week installation and commissioning phase, followed by initial waste destruction campaigns [3] - Six PFAS-impacted waste streams will be treated, with analytics provided by Arcadis, the project's prime engineering contractor [3][5] - The project aligns with stringent environmental regulations, including the U.S. National Defense Authorization Act, which mandates the transition to fluorine-free firefighting foams by October 2024 [4]

Core Insights - Vow ASA identified a technical accounting error in its Q1 2025 report, leading to an overstatement of NOK 16 million in EBITDA, primarily affecting the Industrial segment [1] - The company anticipates a one-off EBITDA charge of NOK 30-35 million in H1/Q2 2025, which is an accounting adjustment with no cash effect [1] - The company is currently in breach of its financial covenants but is in discussions with DNB for a covenant waiver [3] Financial Summary - Total revenue for Q1 2025 was NOK 244.8 million, with contributions from Maritime (NOK 102.4 million), Aftersales (NOK 58.4 million), and Industrial (NOK 84.0 million) [2] - Gross profit for the period was NOK 60.6 million, with a gross margin of 24.8% [2] - EBITDA before non-recurring items was reported at -NOK 2.8 million, with a margin of -1.2% [2] Company Overview - Vow ASA and its subsidiaries focus on preventing pollution by converting biomass and waste into valuable resources and generating clean energy [5] - The company provides advanced technologies that enable industry decarbonization and material recovery, converting various waste types into clean energy and low carbon fuels [6] - Vow ASA is a leader in wastewater purification and valorisation of waste in the cruise market, supporting industries in transitioning towards a fossil-free future [8]

Labor Disputes & Wage Demands - Philadelphia city workers initiated a strike due to wage disputes, emphasizing affordability concerns in metropolitan areas [1] - The strike involved approximately 9,000 Philadelphia city workers, leading to the disruption of city services such as library and swimming pool closures, and suspension of trash collection [2] Municipal Financial Stress - Cities are experiencing budget pressures due to the conclusion of pandemic aid and rising expenses [3][4] - Cities like Los Angeles, San Francisco, and Chicago are facing deficits or financial pressures, mirroring the situation in Philadelphia [4]

Core Insights - 374Water Inc. is deploying its AirSCWO technology in a project with the Colorado School of Mines and the Department of Defense (DoD) to evaluate solutions for destroying PFAS contaminated wastes [1][2] - The project is part of the Environmental Security Technology Certification Program (ESTCP), which aims to enhance military readiness and improve defense infrastructure through innovative technologies [2] - 374Water's AirSCWO technology has demonstrated waste destruction results exceeding 99.99% for various organic waste streams, including PFAS [4] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, focusing on municipal, federal, and industrial markets [1][7] - The company's AirSCWO technology efficiently destroys a wide range of organic wastes, producing safe dischargeable water, mineral effluent, and recoverable heat energy [7] - 374Water aims to support clients in meeting discharge requirements, reducing disposal costs, and minimizing litigation risks [7] Industry Context - PFAS, known as "forever chemicals," are hazardous substances that pose significant risks to human health and the environment, leading to stringent regulations [5] - The urgency for PFAS remediation is highlighted by the U.S. National Defense Authorization Act, which mandates the transition to fluorine-free firefighting foams at DoD installations by October 2024 [5] - The DoD initiative emphasizes the growing demand for reliable and scalable PFAS destruction technologies [5]

Well, it's the kind of sench where you are constantly trying not to breathe through your nose. So, imagine living next to this mess, which at some points is almost as tall as I am. Now, residents are supposed to bring their trash to these containers at temporary collection sites throughout the strike.But you can see that the trail of waste extends well beyond those containers stretching down the block, even around the corner. It comes as there are growing concerns over rodents, bugs, storm runoff, also heal ...

Investment Rating - The report indicates a positive outlook for asset owners in the Asia Pacific region regarding sustainability investments, suggesting a favorable investment rating for the sector. Core Insights - Asset owners in Asia are continuing to allocate significant funds towards sustainability, with at least US $5.4 billion announced since 2024 [2][14]. - The report highlights that Asia's role in global sustainability investments is underappreciated, estimating that only 10% of global assets are allocated to Asia sustainability, which is considered conservative [3][21]. - A survey reveals that 80% of asset owners in the Asia Pacific expect assets under management (AUM) in sustainable funds to grow over the next two years, indicating strong confidence in the sector [4][34]. Summary by Sections Asset Allocations - Several asset owners in Asia have publicly announced sustainability mandates, focusing on climate change and incorporating ESG factors into their investment processes [14][15]. - Notable asset owners like the Government Pension Investment Fund (GPIF) of Japan and the Hong Kong Monetary Authority (HKMA) have updated their policies to promote ESG integration [15][18]. Market Positioning - The report argues that the current allocation of 10% to Asia sustainability is too conservative when compared to Asia's share of global GDP (47%), population (56%), and GHG emissions (60%) [24][25][28]. - The report cites that APAC sustainability funds represent only 3% of global sustainability funds, contrasting with the broader definition used by the Global Sustainable Investment Alliance (GSIA), which reports 18% [26][29]. Growth Expectations - The Morgan Stanley Institute for Sustainable Investing survey indicates that 82% of APAC institutional investors expect AUM in sustainable funds to increase, with growth opportunities being the primary driver [34][36]. - Concerns regarding data availability and unrealistic expectations about sustainability outcomes are noted, with 67% of APAC institutional investors having net-zero targets [37][38]. Focus List Performance - The Asia Sustainability Focus List has shown a total return of 24.5% since inception, outperforming the MSCI AC Asia Pacific Index [61]. - The report includes specific companies and their performance metrics, indicating a strong interest in sectors related to energy transition and circular economy [60][62].

In the northwest corner of Los Angeles County, one of America's largest landfills has been overheating to dangerous levels, and the neighbors are getting sick. There have been reports of headaches, nausea, and a cluster of new cancer cases. In 2022, buried pockets of waste at Chita Canyon Landfill started climbing to broiling temperatures well above safety standards, according to a state assessment.Since then, officials say the hot temperatures have consumed about 90 acres of the landfill, spewing out stron ...

Core Insights - PyroGenesis Inc. has signed a contract worth €379,000 (approximately CA$600,000) with a major integrated environmental services company to develop a solution for plastic waste in Europe, expanding their existing relationship [1] - The project aims to engineer and test an advanced waste management solution targeting non-recyclable plastics and hazardous liquid waste using high-temperature plasma gasification technology [4][5] - The European Union has imposed financial penalties on non-recycled plastic waste, with a levy of €800 per tonne for each member state, prompting companies to seek solutions to reduce plastic waste [3][5] Company Developments - The new project is the third collaboration with the client in recent months, indicating a growing multi-project relationship that highlights the appeal of PyroGenesis' solutions [5][6] - Previous projects include the design and delivery of components for safe incineration of emissions during renewable natural gas production and the engineering of condensate pots for biogas production [6] - PyroGenesis has a history of providing environmentally friendly waste destruction systems and has recently targeted landfill issues, including the management of hazardous materials and PFAS [8] Industry Context - In 2022, Europe generated over 32 million tonnes of plastic waste, with only 27% being recycled, and eight member states landfilling more than 50% of their plastic waste [2] - The push for waste management solutions is driven by the unsustainability of current landfill practices and the need for technological interventions to address the growing plastic waste problem [8] - PyroGenesis' waste remediation efforts are part of a broader three-tiered solution ecosystem that includes energy transition, emission reduction, and commodity security [9]

Group 1 - The core viewpoint is that investing in the waste management industry, specifically in Republic Services (NYSE: RSG), can yield market-beating returns despite its mature status [1] - Republic Services has demonstrated strong performance in generating cash flow, which is a key factor for investors seeking value and growth prospects [1] Group 2 - The article highlights the focus of Crude Value Insights on cash flow and companies that generate it, particularly in the oil and natural gas sector [1] - The service offers subscribers access to a stock model account, in-depth cash flow analyses of exploration and production firms, and live discussions about the sector [2]