Enviva Investor Alert: Kaplan Fox investigates Enviva, Inc. – Enviva

Enviva Investor Alert: Kaplan Fox investigates Enviva, Inc. – Enviva


NEW YORK, October 14, 2022 (GLOBE NEWSWIRE) – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) investigates claims on behalf of investors of Enviva, Inc. (“Enviva” or the “Company”) Eve.

If you are an investor in Enviva and would like to discuss our investigation or your rights to recover losses, please click below:

Enviva investigation

Or contact us by email [email protected] or by calling (646) 315-9003 or 1-800-290-1952.

On October 12, 2022, Blue Orca Capital issued a brief report claiming that Enviva, a purported ESG wood pellet manufacturer, is “blatantly greenwashing its wood sourcing.”

According to the report, Enviva claims to be “a pure ESG company with a healthy, self-funded dividend and cash flows to provide a platform for future growth,” but instead the company is a “dangerously leveraged and serial fundraiser.” which finances its dividends by raising capital. Among other things, the Blue Orca report claims that Enviva relies on a carbon accounting loophole that “subsidizes European energy companies to replace coal with wood pellets derived from deforestation in the United States,” and that the company inflates profit margins by providing logging equipment in exchange for reduced prices. Additionally, Blue Orca Capital’s report claims that “satellite imagery indicates that, contrary to the company’s claims, Enviva is in many instances sourcing timber from the widely condemned practice of clear-cutting.”

WHY CONTACT KAPLAN FOX: Kaplan Fox is a leading national law firm focused on complex litigation with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey. With over 50 years of securities disputes experience, Kaplan Fox provides the professional experience and track record that clients demand. By prosecuting cases at the federal and state levels, Kaplan Fox has successfully shaped the law by winning many important decisions on behalf of our clients. To the…

Read full story here https://www.benzinga.com/pressreleases/22/10/g29273511/enviva-investor-alert-kaplan-fox-investigates-enviva-inc

More to explorer