Clearly, new here, just this AM. Both your hypotheses are...

Clearly, new here, just this AM.

Both your hypotheses are plausible Sky's, even whe combined.

The size of the Tata steelworks is good. The size of Tata is enormous. It is great to geographically diversify, ie. x-China. The political jurisdiction, the EU for now, is also positive. Europe is "keen to br green!" so this move will be noted by Euro-enviro regulators, and Tata may use it in PR to spruik their virtuous nature. Therefore the EU could be ripe for pickings; the low hanging fruit is still there. The enviro front is also front and sharing center in China, where Xi has made it a national priority.

I believe a major positive catalyst, outside of EVS's control, is enviro-legislation. This could take the form of mandating monitoring, stiff fines (even prison, remember they're not bankers) for delays in fixing problems, ie. early warning by EVS resulting in earlier remediation. Considering the above a Labor party victory, or coalition with the Greens, may stiffen enviro controls.

All in all a runway of projects worldwide stretching to "backlog.". Although that pales when compared with the global enviro movement!

OV

PS Will BUY more on any meaningful dip because, to paraphrase Bill Clinton, "It's about the future, stupid."