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Waste Management
Выбор редакции
22 июня, 18:45

Athens rubbish piles up as Greeks protest contracts

MOUNDS of rubbish festered in soaring temperatures in Athens on Thursday as thousands demonstrated in support of refuse collectors demanding the renewal of their contracts.   Authorities said around

22 июня, 04:25

Home Sweet Home: The Best College Degrees for Homeownership

When will you become a homeowner? You might be surprised to know your college degree could be a factor.

22 июня, 01:18

Top Analyst Reports for Caterpillar, Intel & Monsanto

Top Analyst Reports for Caterpillar, Intel & Monsanto

22 июня, 00:36

Drugmaker Mylan Gets Tax Boost From Refined Coal

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); NEW YORK, June 21 (Reuters) - Mylan N.V. is best known for producing EpiPen emergency allergy treatments and generic drugs. But a non-pharmaceutical offering – refined coal – has quietly generated hundreds of millions of dollars of tax credits for the company over the last six years that have boosted its bottom line, according to a Reuters review of company filings. Since 2011, Mylan has bought 99 percent stakes in five companies across the U.S. that own plants which process coal to reduce smog-causing emissions. It then sells the coal at a loss to power plants to generate the real benefit for the drug company: credits that allow Mylan to lower its own tax bill. These refined coal credits were approved by Congress in 2004 in order to incentivize companies to fund production of cleaner coal. They are available to any company that is willing to invest the capital, and are set to expire after 2021. Mylan is one of only a few public companies, and the only publicly-traded pharmaceutical maker, that uses these tax credits, a Reuters review of a comprehensive database of filings with the U.S. Securities and Exchange Commission found. It is possible other companies receive an immaterial amount of the tax credits and decline to disclose them. Future tax credits could prove valuable to Mylan, which has seen sales of its flagship EpiPen allergy treatment sag after consumer outrage over the allergy treatment’s $600 list price. The pricing issue, which has drawn scrutiny from members of Congress and the U.S. Department of Justice, and Chairman Robert Coury’s nearly $100 million pay package last year have caused a group of investors to launch an effort to vote down the company’s board at its annual meeting on Thursday. Mylan already carries a low tax rate after moving its headquarters overseas in 2015. The coal credits helped the company lower its effective tax rate further, to just over four percent in 2014 and 7.4 percent in 2015. Last year, the company actually had a tax benefit of $358 million, giving it an effective tax rate of negative 294 percent. Mylan confirmed Reuters’ calculations based on figures in the tax footnotes in the company’s annual reports. According to these calculations, Mylan used more than $100 million of “clean energy and research” tax credits in both 2016 and 2015, and around $95 million in 2014. A person familiar with the matter told Reuters these coal operations have increased Mylan’s net earnings by around $40 million to $50 million in each of the past two years. That accounts for around 9 percent of the company’s earnings last year and more than 5 percent of its 2015 earnings. Mylan has disclosed very little about the tax credit strategy or its coal refining operations. It did not announce the coal deals when they occurred or disclose how much they cost. Mylan has not discussed them on its earnings conference calls and does not disclose exactly how much in tax credits they generate or what effect they are having on its bottom line. Wells Fargo analyst David Maris, who has a market perform rating on the company, said he believes that, from an investor standpoint, the coal transactions adds unnecessary complexity. “The average investor looking at their financial statements or their press releases, would have no idea what this is or how it flows through to their profit and loss statement,” he said.  “BEING MINDFUL OF TAX PLANNING” Mylan refers to losses and interest expense generated by its “clean energy investments,” as well as the fact that they qualify for tax credits, in tables and footnotes at the bottom of its earnings releases. In filings with regulators, it discloses some risks around the investments, their carrying value, and liabilities related to the investments. “It does sound like they are being mindful of tax planning,” said Lisa De Simone, professor of accounting at Stanford Graduate School of Business. “From the perspective of shareholder value, companies have all of the incentive in the world to try to reduce their tax payments, to increase net income and increase distributions to shareholders.” Mylan spokeswoman Nina Devlin said in an emailed statement that the tax credits are available to any interested company, and often “made outside of a company’s ordinary course of business, and companies involved in such projects range across a variety of non-energy related sectors.” Other companies Reuters found that take the credits include insurance brokerage and risk management services firm Arthur J Gallagher, Waste Management Inc and industrial supply company WW Grainger. The companies vary in their level of disclosure of the investments, but some disclose the number of tax credits they receive from the facilities. Devlin added that the health company recognizes that the production at the refined coal facilities will no longer be eligible for a tax credit beginning in 2022. “Nonetheless, on an ongoing basis, we consider appropriate opportunities for tax planning with respect to our global operations,” she added. New York City Comptroller Scott Stringer spoke out against the tax strategy when informed about it by Reuters. Stringer, who is leading the effort to vote down Mylan’s current board, oversees New York City pensions that together own more than 1.1 million shares of Mylan stock. “From the EpiPen pricing debacle to embracing complex tax avoidance strategies, Mylan’s board appears more focused on financial engineering than on the company’s core business,” he said.  COAL INTEREST DATES TO 2011 Mylan made the first investment in the coal producing plants in 2011, and expanded its total holdings to 5 plants by 2014. Mylan Chief Executive Heather Bresch, who has led the company since 2012, has coal country roots: she is the daughter of U.S. Senator Joe Manchin of West Virginia, the second largest coal-producing state in the country. The company declined to discuss the origin of why it adopted the tax strategy. Mylan says in its last two annual reports that its holdings are equity method investments in five limited liability corporations that own refined coal production plants, but does not name them. Reuters was able to identify these operations by reviewing lists of the company’s subsidiaries included with its annual reports. Mylan has 99 percent stakes in 5 LLCs that own refined coal plants: Canton Fuels Company in Illinois, Chouteau Fuels Company in Oklahoma, Deogun Manufacturing Company in Utah, Marquis Industrial Company in Indiana and Powder Street LLC in West Virginia. Mylan is booking losses from the plants, which is not unusual for these facilities. The companies often pay a middleman who manages the coal production facilities as well as other costs. Mylan recorded pre-tax losses of $92.3 million in 2016, $93.2 million in 2015 and $78.9 million in 2014 from the operations. The loss generated by the coal plants, as well as depreciation, is tax deductible, according to tax experts. But the tax credits generated by the facilities are extremely valuable. Last year, companies received $6.81 in tax credits for every ton of refined coal produced. Mylan produced around 16 million tons of refined coal last year, according to a person familiar with the matter. According to the same person, expenses – including costs paid for the assets and adjusted for tax deductions – equate to around 60 percent of the gross credits earned. (Editing by Caroline Humer and Edward Tobin) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

20 июня, 17:31

New Strong Sell Stocks for June 20th

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

19 июня, 21:12

Tech Rout Continues: 6 Utilities Picks to Protect Your Profits

Investing in defensive stocks, such as utilities, could be a smart option now.

Выбор редакции
14 июня, 18:49

Biffa dragged into loss by cost of its flotation

Waste management company signals further acquisitions as revenues rise 6.8%

14 июня, 16:05

3 Reasons to Add Waste Management (WM) to Your Portfolio Now

Waste Management, Inc. (WM) appears to be a solid investment proposition at the moment.

Выбор редакции
07 июня, 20:00

WTO event explores role of trade in helping reduce, reuse and recycle waste

To mark World Environment Day, a number of public and private sector experts gathered at the WTO on 7 June to discuss how trade could support business opportunities regarding the reduction and management of waste. Participants in the informal talk organized by the WTO’s Trade and Environment (TED) Division also explored environmental, economic, and legal considerations concerning waste management worldwide.

06 июня, 23:00

Business Services Stock Outlook - June 2017

Business Services Stock Outlook - June 2017

Выбор редакции
06 июня, 11:30

Канадский регулятор продлил лицензию на эксплуатацию хранилища РАО и ОЯТ до 2027 года

Комиссия по ядерной безопасности Канады (CNSC) продлило для генерирующей компании Ontario Power Generation's (OPG) лицензию на эксплуатацию хранилища радиоактивных отходов Western Waste Management Facility (WWMF) на срок до 31 мая 2027 года. Хранилище WWMF, расположенное на берегу озера Гурон, предназначено для временного хранения и переработки низко- и среднеактивных отходов от...

05 июня, 16:37

Republic Services (RSG) Hits 52-Week High on Core Focus

Shares of waste management firm Republic Services, Inc. (RSG) scaled a new 52-week high of $64.86 during Friday's trading session.

05 июня, 16:30

Stericycle Maintains Core Focus Despite Prevailing Risks

On Jun 5, we issued an updated research report on waste management firm Stericycle, Inc. (SRCL).

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Выбор редакции
Выбор редакции
31 мая, 16:30

Is Stericycle (SRCL) a Great Stock for Value Investors?

Value investing is easily one of the most popular ways to find great stocks in any market environment.

30 мая, 15:54

3 Reasons to Add Republic Services (RSG) to Your Portfolio

Republic Services Inc. (RSG) appears to be a solid investment proposition at the moment.

30 мая, 15:11

Trump's Relevance On Climate Change

At last week’s meeting of U.S. and European leaders, the American president refused to join the consensus supporting the Paris climate treaty, tweeting that he’d let us know what he thinks next week. While China, India, Europe, California and New York are all beginning the transition from fossil fuels to renewable energy, the current U.S. federal government refuses to see the danger of climate change or the economic opportunities presented by the need to modernize our energy system. President Trump seems stuck in a decades-long time warp: it’s 1974 again and Trump sees the oil embargo and gas lines all over America. Despite the global energy market, he advocates energy independence. He thinks that the coal industry has been collapsing due to over-regulation rather than competition from cheaper and cleaner fuels. His understanding of climate science is no more sophisticated than his understanding of energy economics. He campaigned that climate change is a hoax and his environmental advisors are wholly owned subsidiaries of the fossil fuel industry. All of this leads to the dangerous delusions that drive this White House’s environmental policies. Even if you refuse the reality of climate science, the economic reality of American scientific and technological prowess cannot be denied. The smart phone, streaming video, the World Wide Web, GPS, low-cost computing, the miracle of modern health care, and countless household conveniences are built on the brainpower of scientists. All the wealth generated by these technologies are derived from the same research establishment that is alerting the world to the perils of environmental destruction. The scientific and technological capacity of America is our true distinct and comparative advantage in the world economy. America’s national labs, research universities and our applied industrial research and development capacities are second to none. An economic battle focused on the development of new technology is one we can dominate. But withdrawing from Paris, cutting the budgets for scientific research, and attacking medical and climate research are acts of national lunacy. This nightmare of an administration is harming America’s fundamental interests, and even if we manage to preserve our scientific capacity, we are running as fast as we can simply to stand still and maintain what we have. Each budget proposal mystifies and terrifies the nation’s scientists. It is difficult for them to focus on their science when they have to hustle even more than usual to ensure that their research teams won’t evaporate due to the latest budget cuts. We should be investing in science, but instead, the president proposes disinvestment. If the U.S. pulls out of the global climate accord, its impact will be both real and symbolic, but it is hard to predict how significant the move would be. It could reduce the momentum behind greenhouse gas reduction. It could have the opposite effect. It will create a visible enemy for environmental advocates to focus on. It could also serve to galvanize and mobilize the moderate voices in our society, who typically do not involve themselves in political debates. They know that the science behind climate change is real. They see the impacts of climate change. The only debate is: How do we mitigate the human impact on the climate and how do we adapt to the change already taking place? Those debates are critical and are well underway. The question for President Trump is: Do you want to be included in those discussions or excluded? Pulling out of the global climate agreement might empower those who want to keep burning fossil fuels, but in the long run who will take that position? As technology advances, renewable energy will drive fossil fuels from the marketplace. Fossil fuel advocates will be like people who cling to their flip phones, video tapes and fax machines. America’s Fortune 500 companies, our state and local governments, hospitals, universities and other institutions are moving aggressively to reduce their carbon footprints. Many have established organizational units that focus on sustainable waste management, energy, water, materials and buildings along with the environmental impact of the organization’s supply chain and production. They are not doing this out of love of nature, but to remain competitive in the global economy. The only place that seems to be questioning the importance of these issues is the U.S. federal government. If climate science is a hoax, it must be one of the most successful of all time. Every European head of government and the Pope urged President Trump to support the climate treaty. Are they all in on the hoax? What an incredible conspiracy it must be! Or are these European leaders just too gullible to understand they’ve been duped by those diabolical climate scientists? The president and his extremist allies sit outside the mainstream of world opinion on this issue. The climate issue and the energy base of our economy are central issues of national and global economic life. If President Trump persists in pursuing his denial of climate science and attempts to halt progress toward renewable energy, he will contribute to America’s economic decline, not its growth. Fossil fuels are not going to disappear suddenly. They will persist for decades. But as sure as human labor was replaced by animal labor and animal labor was displaced by fossil fuels, so too will fossil fuels be replaced by renewable energy. We don’t know how long the transition will take or what businesses and nations will dominate this transition, but we know it will happen. The process is underway. The U.S. is in danger of losing its leadership role in this transition. Pulling out of the Paris Agreement will codify and certify America’s disengagement from the real world. It will ensure that our voice will be less relevant to global discussions on economic life. We are indeed fortunate that our constitution provides a system of checks and balances within the national government and establishes a federal system that reserves real power to the states. Even if the U.S. withdraws from the Paris Agreement, in all likelihood state and local policies will enable the U.S. to meet the Paris targets anyway. Moreover, unless Congress revises and weakens the Clean Air Act, greenhouse gases, already declared a dangerous pollutant by the U.S. Supreme Court, must be regulated by the EPA. Trump may toss out the Clean Power Plan, but he must replace it with a regulation that reduces greenhouse gases. The odds of congress modifying the Clean Air Act to permit more coal to be burned is zero. Improved battery technology, microgrids, improved solar cells, better windmills, more energy efficient appliances and batteries, along with other energy breakthroughs continue to emerge from our labs and corporations. There’s money to be made in energy efficiency and renewable energy. This administration could be marshalling these forces and could work to stimulate their creation and adoption. Instead, the president’s team retreats to stonewalling on climate agreements, promoting mining on federal lands, and defunding scientific research. The forces of change are greater than the forces of reaction and so this president will be less and less relevant globally and less important domestically. His amateurish, improvisational and ill-informed climate and energy policy will be countered by the other strong institutions our nation has built. But it will be a shame to do this in spite of the president rather than in concert with him. I hope that President Trump tweets his support of the climate treaty, but if he doesn’t, it will be a mistake we all will come to regret. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

29 мая, 12:20

Why You Should Stop Feeding Your Baby From Trendy Little Food Pouches

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); This story is part of a series on ocean plastics. For the over-stretched parent who doesn’t have time to puree plums or soak grains overnight, portable plastic packs jammed with organic and healthful ingredients are a godsend. On-the-go moms can just twist off the cap and hand a pouch of blueberry flax and oat to a hungry baby to suck on by himself. No spoon or spoon skills required. While these packs are pricey ― a 4-ounce pouch can cost north of $2  ― families are willing to fork over the funds for the convenience factor. But this convenience comes with another price: Most of these plastic pouches can’t be recycled and are destined for landfills ― or worse, the oceans. The demand is growing even though reasonably priced alternatives are available that can be used over and over again.  The problem with the disposable pouches is that they’re made from multiple layers of materials and the recyclable components can’t be separated out, said Brent Bell, vice president of recycling at Waste Management, the largest residential recycler in North America.  Empty food packs and other types of trash end up in the ocean due to a mix of mismanaged trash disposal and littering. When a person litters, for example, that item can easily blow into a storm drain, travel through sewer pipes and eventually land in waterways.  Stuffing loads of unusual and healthful foods into plastic casings isn’t sitting well with environmentalists. type=type=RelatedArticlesblockTitle=Related... + articlesList=590816f6e4b05c397681f20b,5914b0a2e4b066b42172876e,591c586ce4b0a7458fa49711,58ffa383e4b0f5463a1a9472   “There’s definitely a push for clean eating both for kids and grown-ups,” Lindsay Gallimore, a mother of two who blogs about green issues, told HuffPost. “But all the buzz words that are associated with a ‘greener’ lifestyle are packaged into a packaging that’s not green at all.” If the baby food industry doesn’t come up with a solution soon, the amount of plastic piling up from these products is only going to grow at an explosive rate. In 2015, sales from baby food pouches reached $45 million. That was up from $8 million in 2010, according to a report from the Freedonia Group, a market research firm.  The demand for this niche product is increasing as oceans are being overloaded with plastic.  By 2050, experts estimate oceans will have more plastic than fish (by weight). Plastics are believed to threaten at least 600 different wildlife species, according to the Ocean Conservancy. When plastic reaches the landfill, it can take up to 1,000 years to decompose and can leak pollutants into the soil and water. While plenty of plastic products are harming the environment, activists take specific issue with baby food packs because a number of convenient and eco-friendly alternatives exist, even for time-strapped parents. “I can’t get everyone to use washable menstrual pads. I certainly can’t get everyone to use cloth diapers,” Gallimore said. “Feeding your baby healthy purees could happen in so many other ways that don’t require the little squishy packs.” Gallimore likened the advent of plastic baby food packs to the K-Cup phenomenon. While some of these one-time-use coffee pods are technically recyclable, the process is so painstaking that consumers are more likely to throw them in the trash after using them for a few seconds. In fact, John Sylvan, the inventor of the Keurig machine, said he regrets the innovation.  “It was along the same lines as K-Cups for coffee,” Gallimore said of the similarities between the coffee pods and plastic baby food packs. “We were doing fine without them before.” Before the plastic squeezy packs hit the market, baby food was mostly packaged in glass jars, which are recyclable, reusable and cheaper. Responding to the surge of plastic packs, a number of companies have developed receptacles that work similarly, but can be washed and used more than once.  Rhoost, for example, manufactures 4.5-ounce plastic pouches that can be filled with pureed food repeatedly and washed by hand or in the dishwasher. They run $12.99 for a four-pack.  Though most of the disposable plastic packs can’t be recycled, some experts say there is some merit to them. They usually require fewer raw materials to produce than recyclable materials, which results in net energy and greenhouse gas emissions savings, Bell, of Waste Management, said. The packages are also designed in such a way to reduce food waste, which is where the “greatest environmental savings are realized,” he said. Hain Celestial ― the company behind Earth’s Best and Ella’s Kitchen baby food ― is reducing its plastic footprint by partnering with recycling company TerraCycle. After consumers finish with their packs, they can download free shipping labels and send the waste to TerraCycle. Since the products can’t be separated, they’re shredded and melted into a plastic and pelletized. That material is then sold to manufacturers who can use recycled plastic in their products, Lauren Taylor, TerraCycle’s global director for communications, said. While this process is a start, it’s not capturing many plastic packages. Celestial sells about 20 million pouches annually in the U.S. alone, said Jared Simon, vice president of marketing for Better-for-You-Baby at Hain Celestial United States. TerraCycle has collected about 3.3 million pouches in the U.S. and the U.K. since it started doing so in 2013. Even if those numbers increased, environmentalists likely still wouldn’t be satisfied.  “Recycling is awesome ― it’s great. But recycling is not the be all and end all of environmentalism. It’s expensive and it’s not a perfect solution.” Gallimore said. “Instead, how can we replace what we’re using and throwing away with something that we don’t throw away?” -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.