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    Amendment: SEC Form SCHEDULE 13G/A filed by GFL Environmental Inc. Subordinate voting shares no par value

    5/9/25 4:15:04 PM ET
    $GFL
    Environmental Services
    Utilities
    Get the next $GFL alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 4)


    GFL Environmental Inc.

    (Name of Issuer)


    Subordinate Voting Shares, no par value

    (Title of Class of Securities)


    36168Q104

    (CUSIP Number)


    03/31/2025

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox not checked   Rule 13d-1(b)
    Checkbox not checked   Rule 13d-1(c)
    Checkbox checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    36168Q104


    1Names of Reporting Persons

    ONTARIO TEACHERS PENSION PLAN BOARD
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    ONTARIO, CANADA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    26,441,513.00
    6Shared Voting Power

    0.00
    7Sole Dispositive Power

    26,441,513.00
    8Shared Dispositive Power

    0.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    26,441,513.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    7.5 %
    12Type of Reporting Person (See Instructions)

    FI

    Comment for Type of Reporting Person:  Based on 354,894,220 subordinate voting shares (the "Subordinate Voting Shares") of GFL Environmental Inc. outstanding as of March 31, 2025, as reported on the Issuer's Form 6-K filed with the Securities and Exchange Commission on April 30, 2025.


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    GFL Environmental Inc.
    (b)Address of issuer's principal executive offices:

    100 NEW PARK PLACE, SUITE 500
    Item 2. 
    (a)Name of person filing:

    ONTARIO TEACHERS PENSION PLAN BOARD
    (b)Address or principal business office or, if none, residence:

    160 Front Street West, Suite 3200 Toronto, Ontario, M5J 0G4
    (c)Citizenship:

    OTPP is a corporation incorporated under the laws of the Province of Ontario, Canada
    (d)Title of class of securities:

    Subordinate Voting Shares, no par value
    (e)CUSIP No.:

    36168Q104
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox not checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    26,441,513 The reported securities are owned by OTPP. Mr. Blake Sumler may be deemed to have power to dispose of the shares held by OTPP because of a delegation of authority from the President and Chief Executive Officer of OTPP to Mr. Sumler, and because of a delegation of authority to the President and Chief Executive Officer of OTPP from the Board of Directors of OTPP, and Mr. Sumler expressly disclaims beneficial ownership of such shares.
    (b)Percent of class:

    7.5  %
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    26,441,513

     (ii) Shared power to vote or to direct the vote:

    0

     (iii) Sole power to dispose or to direct the disposition of:

    26,441,513

     (iv) Shared power to dispose or to direct the disposition of:

    0

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    Not Applicable

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    ONTARIO TEACHERS PENSION PLAN BOARD
     
    Signature:/s/ Jonathan Law
    Name/Title:Jonathan Law/Managing Director, Corporate & Investments Compliance
    Date:05/09/2025
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