Weekly News Bulletin: May 23-29, 2002


Perma-Fix Wins Florida National Guard Award

Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) has been awarded the prestigious Pro Patria Award by the Florida Committee for Employer Support of the Guard and Reserve. Perma-Fix's Pro Patria Award, and the accompanying Committee Chair Award and My Boss is a Patriot Award, are for the company's support of its Reserve and National Guard employees called to duty after September 11. Perma-Fix, headquartered in Gainesville, Florida was chosen because the company liberally expanded pay and benefits to Reservists and National Guard members who work for the company and who have been called to active duty...Read More »



Casella Waste Dismisses Arthur Andersen

Casella Waste Systems Inc. has dismissed Arthur Andersen LLP and hired KPMG LLP as its auditor for the year ended April 30. According to a Form 8-K filed with the Securities and Exchange Commission, there were no disagreements between the company and its former auditor. Andersen billed the company $499,750 in audit fees and $353,150 in all other fees for fiscal 2001, according to the company's proxy statement from last August. Casella Waste provides solid-waste services in rural areas of the northeastern United States...Read More »



Bennett Wins Contract For N.J. Superfund Cleanup

Bennett Environmental Inc., which treats contaminated soils with high temperatures, has been awarded a $40 million (Canadian) contract, the largest in its history, to treat soil contaminated with wood treatment chemicals from the Federal Creosote Superfund Site in New Jersey. This is the second phase of a four-phase project. Shipments should begin in late June and continue into early 2003...Read More »



EPA Offers $14.6m In Brownfield Grants

The EPA has announced $14.6 million in brownfields grants to assess the contamination of abandoned properties in 80 communities around the nation. Since its inception, EPA's Brownfields Program has contributed over $280 million in pilots and grants to spur assessment, cleanup and redevelopment. Around the country, 38 communities received funding totaling $7.95 million for new Assessment Demonstration Pilots. In addition, 42 communities received supplemental funding totaling $6.65 million to continue or expand their existing brownfields programs. For every dollar of federal money spent on brownfields cleanup activities, cities and states produce or leverage $2.48 in private investment...Read More »



Court Declines Utility Companies' Government Challenge

A group of utility companies has lost a $2.2 billion Supreme Court challenge of the federal government's nuclear waste cleanup plan. Congress, in 1992, ordered utility companies that used government uranium-enrichment services to pay a third of the cleanup bill. But the Supreme Court decided not to hear appeals from companies that argue the assessments are unconstitutional. The federal government had sold uranium-enrichment services to utilities that used nuclear power as an alternative fuel source for generating electricity. The companies that used the services have to pay about $150 million a year over a 15-year period, under the 1992 cleanup law. The cases are Maine Yankee Atomic Power Co. v. United States, 01-1155; Omaha Public Power District v. U.S., 01-1398; Commonwealth Edison Co. v. U.S., 01-1411, and Sacramento Municipal Utility District, 01-1020...Read More »



ESW Announces Results For First Quarter

Environmental Solutions Worldwide Inc. (OTCBB: ESWW), which develops, manufactures and sells environmental technologies, has announced the results for its first fiscal quarter ended March 31, 2002. Revenues for the three months ended March 31, 2002 were $393,318 compared with $99,916 for the same period last year. The increase is attributed in part to the company's transition from a development-stage company to an operating company. The net loss declined for the three months ended March 31, 2002 to $485,225 or $0.012 per share from $925,241 or $0.028 per share for the same period last year...Read More »



EPA Releases Toxic Inventory

The amount of toxic chemicals released in the United States dropped by about 700 million pounds, or 9 percent, in 2000 from the year before, the Environmental Protection Agency has said. The annual report from EPA showed the toxic releases in 2000, the latest year for which data are available, totaled 7.1 billion pounds and were down 48 percent since 1988. Approximately 27 percent of the chemicals were released into the air, 4 percent in water and 69 percent affected land. As in previous years, the metal mining industry accounted for a substantial portion of all chemical releases, about 47 percent or 3.4 billion pounds. However, the mining industry's toxic releases decreased 14 percent from 1999. Toxic releases from manufacturing industries accounted for 32 percent of all releases or about 2.3 billion pounds, a 2.6 decrease. About 16 percent of the toxic releases were from electric utilities, which totaled 1.15 billion pounds and fell 3 percent from 1999...Read More »


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