Tetra Tech to Acquire Cornerstone Environmental Group

first_img Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Herbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyUnapologetic Celebs Women AdoreHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyNow She’s 19 – Look At Her Transformation! Incredible!HerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyGet Rid Of Unwanted Body Fat By Eating The Right FoodsHerbeautyHerbeauty Subscribe Make a comment Pasadena-based Tetra Tech, Inc. (NASDAQ: TTEK) announced Wednesday that it has signed a definitive agreement to acquire Cornerstone Environmental Group of Middletown, New York and anticipates closing this transaction in May 2015.Cornerstone is an environmental engineering and consulting firm focused on solid waste markets in the United States. The company has more than 160 employees and approximately $30 million in annual revenue.“Utilities are faced with the challenge of responding to new U.S. Environmental Protection Agency regulations related to coal combustion residuals disposal requirements,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “The acquisition of Cornerstone will expand our solid waste capabilities and geographic presence in the United States. As the top ranked U.S. solid waste and environmental management firm, the addition of Cornerstone enhances our ability to meet our clients’ increased needs in addressing these new regulations.”Ken Karl, Cornerstone’s President, said, “This transaction represents an exciting new chapter in our business and an extraordinary opportunity for us to join a firm that broadens our technical capabilities for projects across waste management markets. Tetra Tech shares the same commitment to technical excellence and service that Cornerstone prides itself on providing to its clients.”The terms of the acquisition were not disclosed. Cornerstone is joining Tetra Tech’s Resource Management & Energy segment.About Cornerstone Environmental Group (www.cornerstoneeg.com)Cornerstone Environmental Group, LLC is an environmental engineering and consulting firm dedicated to providing services to the solid waste industry with commercial, industrial, and utility clients throughout the United States.About Tetra Tech (www.tetratech.com)Tetra Tech is a leading provider of consulting, engineering, program management, and construction management services. The Company supports commercial and government clients focused on water, environment, infrastructure, resource management, and energy. With 13,000 staff worldwide, Tetra Tech provides clear solutions to complex problems. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Business News Tetra Tech to Acquire Cornerstone Environmental Group From STAFF REPORTS Published on Wednesday, April 29, 2015 | 5:41 pmcenter_img More Cool Stuff Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * 5 recommended0 commentsShareShareTweetSharePin it Top of the News Name (required)  Mail (required) (not be published)  Website last_img read more

ICE to transition European Union Emission Allowance Contracts to ICE Endex in the Netherlands…

first_img Twitter Pinterest By Digital AIM Web Support – February 8, 2021 LONDON & AMSTERDAM–(BUSINESS WIRE)–Feb 8, 2021– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that it plans to transition ICE EUA Futures and Options and ICE EUA Daily Futures (collectively, “ICE EUAs”) and ICE EUAA Futures (“ICE EUAAs”) from ICE Futures Europe, ICE’s London-based exchange, to ICE Endex, ICE’s exchange in the Netherlands, during the second quarter of 2021, subject to the completion of regulatory processes. A more specific date for the transition will be announced in due course. ICE EUA and EUAA markets will continue to be cleared at ICE Clear Europe in London where they are cleared alongside ICE’s global environmental complex including California Carbon Allowances (CCAs) and California Carbon Offsets (CCOs), as well as some of the largest energy contracts in the world across oil, natural gas, power and coal, allowing those who trade to benefit from the margin offsets created by clearing alongside ICE’s global energy complex. “The decision to transition the execution of EU emission allowance contracts to the Netherlands follows close dialogue with customers over the past few months and will help those who rely on these markets to meet obligations and manage climate price risk in the most cost-effective and seamless manner”, said Stuart Williams, President of ICE Futures Europe. “Leveraging our experience in managing transitions, we will carry out this process in the smoothest possible manner for customers.” The EU Emissions Trading Scheme is a cornerstone of the EU’s policy to combat climate change. Market-based mechanisms like carbon cap and trade programs are pivotal in allowing policy makers to control the quantity of carbon to align with their net-zero commitments and put a price on emissions to reach those goals in the most cost-effective manner. EUA futures and options volume traded on ICE has increased more than 100% from 2015 to 2020. More than 12 million lots of EUA futures and options traded on ICE in 2020, equivalent to 12 billion allowances or 12 gigatonnes. ICE’s EUA contract is one part of ICE’s global environmental complex which includes futures and options connected to ICE’s California Cap and Trade, Regional Greenhouse Gas Initiative and renewable energy credits markets. Volume in the North American Environmental complex increased by approximately 30% in 2020 versus 2019. In April 2020, ICE launched the ICE Global Carbon Futures Index to track and benchmark the global price of carbon. While in December 2020, ICE was appointed to host emissions auctions as part of the launch of a UK Emissions Trading Scheme (UK ETS). ICE plans to commence auctions and launch UK spot and futures carbon allowance contracts on ICE Futures Europe no later than the second quarter of 2021, subject to regulatory approval. ICE has been a leader in environmental markets for nearly two decades. A wide and increasing group of stakeholders use the price signals from ICE’s global markets and indices to help assess climate transition risk in their portfolios, and access liquidity pools for compliance purposes, managing risk and allocating capital to benefit from energy transition opportunities. About Intercontinental Exchange Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).” Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021. Source: Intercontinental Exchange ICE-CORP View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005396/en/ CONTACT: ICE Media Contact Rebecca Mitchell +44 7951 057351 [email protected] Investor Contact Warren Gardiner 770-835-0114 [email protected] KEYWORD: EUROPE UNITED KINGDOM NETHERLANDS INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES ENVIRONMENT FINANCE SOURCE: Intercontinental Exchange Copyright Business Wire 2021. PUB: 02/08/2021 07:00 AM/DISC: 02/08/2021 07:01 AM http://www.businesswire.com/news/home/20210208005396/en Pinterest Facebook Facebook Local NewsBusinesscenter_img ICE to transition European Union Emission Allowance Contracts to ICE Endex in the Netherlands during the Second Quarter of 2021 WhatsApp Twitter WhatsApp TAGS  Previous articleLandowner Receives Right of First Refusal for Water and Gas – Landmark Surface-Use Agreement Signed for ESG GoalsNext articleHip Hop Hall of Fame Café & Museum Gallery to Open in Harlem, NYC in 2021 With Hip Hop “History” and “Activism Black Lives Matter” Exhibits – Post Covid Vaccine Digital AIM Web Supportlast_img read more