Green Equity - December 6, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Apollo, EQT, and Stonepeak are vying to acquire GFL Environmental's (GFL) environmental services unit, which specializes in liquid waste and soil remediation. GFL expects to net at least C$6 billion ($4.2 billion) after tax from the sale, with proceeds aimed at reducing debt and funding share buybacks. A deal is anticipated early next year.
BluSky Carbon (BSKY.CN) has partnered with Lympha, a project financing and advisory firm, to accelerate the expansion of its biochar production facilities through the monetization of CO2 Removal Credits (CORCs). Lympha will leverage its expertise in finance, big data, and Web3 technologies to assist BluSky in marketing and selling future carbon credits.
LNG Energy Group (LNGE.V) has announced a private placement of senior secured convertible debentures worth up to $15 million to fund drilling and workover activities in Colombia. The company plans to drill multiple wells, conduct chemical stimulations to enhance production, and implement cost-optimization measures, including corporate reorganization and strategic partnerships. LNG Energy is also pursuing farm-out agreements and other strategic initiatives to maximize shareholder value.