Australia's largest waste collector Cleanaway says it could be forced to send some recyclables to landfill or stop collecting kerbside bins in three Perth metropolitan councils within a week if the local governments involved do not agree to higher fees.
Mr Williamson said councils and ratepayers had to share some of the cost burden of bringing their recyclables up to standard. Cleanaway had proposed a four-fold increase in processing fees to shoulder the cost increase, which it argues is still far less than what it was paying.
______
Perth is the easiest. It has CWY's newest and most advanced recycling facility. The problem extends nationwide and older recycling facilities will need significant upgrades, funded by states and municipalities through higher charges.
Some of the gains will percolate through to shareholders.
Ash
CWY Price at posting:
$1.67 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)