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The U.S. Supreme Court’s decision to reverse the “Chevron doctrine” has raised questions about how the move could affect federal statutes relevant to the waste and recycling industry, particularly those under the U.S. EPA and Department of Labor.  The Chevron doctrine,  decided in a 1984 U.S. Supreme Court decision, Chevron U.S.A. v. Natural Resources Defense Council, determined that in cases where a federal statute is ambiguous, courts should defer to agency interpretations of such statutes as long as it’s a “reasonable” interpretation.  In June, the Supreme Court voted 6-3 in Loper Bright Enterprises v. Raimondo to overturn the Chevron doctrine,…

Solid waste M&A activity in the second quarter didn’t result in significant spending totals, but Q3 totals are expected to be higher for multiple companies due to larger transactions that closed over the summer. The Q2 totals include spending reported by WM, Waste Connections, GFL Environmental and Casella Waste Systems in the U.S. and Canada. Here’s a quick recap about recent M&A activity for the industry’s five largest public companies and what executives said about potential future activity during recent quarterly earnings calls.   Q2 Acquisition Spend H1 Spend WM $237M $240M Republic Services $0 $41M Waste Connections $279.3M $1.4B…

All financial information from GFL is in Canadian dollars. GFL Environmental expects to run an auction for its environmental services business sometime after Labor Day, CEO and founder Patrick Dovigi said on the company’s earnings call Thursday. The announcement marks a narrowing of paths forward for the company as rumors of a sale have emerged in recent weeks. Dovigi shut down speculation that GFL would entertain a deal for the whole company, citing conversations with GFL’s board to reach this decision. He said he was motivated in part by GFL’s current stock price, which he believes is trading below the company’s actual…

Dive Brief: The Recycled Materials Association has filed a petition asking a federal court to review the U.S. EPA’s designation of certain per- and polyfluoroalkyl substances as hazardous under the Comprehensive Environmental Response, Compensation and Liability Act. ReMA says the designation has the potential to “significantly undermine the use of recycled materials” and create notable liabilities for recyclers “even though the industry does not intentionally purchase, generate, transport, or use PFOA or PFOS in its recycling processes.” The association submitted the filing on July 30 in the U.S. Court of Appeals for the D.C. Circuit. It follows similar petitions from other…