May 29, 2008
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Environment Management Newsletter May 29, 2008 |
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| This Week´s Featured News Stories |
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International Paper`s US$6bn acquisition of recycling business approved
The US Department of Justice has concluded its Hart-Scott-Rodino review of International Paper`s (NYSE: IP) announced acquisition of Weyerhaeuser`s containerboard packaging and recycling business. Regulatory reviews in several other countries are ongoing. Completion of the transaction is expected to occur in the third quarter of 2008. International Paper announced March 17 it had signed a definitive agreement with Weyerhaeuser to acquire its containerboard packaging and recycling business. Weyerhaeuser`s containerboard packaging and recycling business includes nine linerboard mills, 72 box plants ... |
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Progress Energy wins US$82m in spent nuclear fuel ruling
The US Court of Federal Claims has ruled that Progress Energy should be paid US$82.8 million for costs incurred as a result of the federal government`s failure to accept spent nuclear fuel from the utility. The award covers the costs incurred by Progress Energy to activate fuel storage facilities at plants in Florida and the Carolinas and costs to transfer used nuclear fuel between plants for storage. The lawsuit stemmed from the US Department of Energy`s failure to open a federal repository for used nuclear fuel by January 31, 1998, as stipulated under federal law. To date, the Department of ... |
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