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Company Incentives for Going Green?

Greenie asks: "With fuel costs reaching record highs and more eco-friendly vehicles on the market than ever before, one has to ask, is it making a difference (yet)? NewEnough.com is an online retailer of new and surplus/wholesale motorcycle apparel based in West Texas. Recently, they posted a letter to the public on their website about how they've 'gone green,' and are offering incentives to their employees for switching to modern, fuel efficient vehicles (hybrid electric, diesel, bio-diesel...). While the specifics of their incentive program were not discussed, has anyone ever heard of larger companies offering a similar incentive program? According to Fortune.com, Wal-Mart is the largest employer in America. If Wal-Mart, McDonalds, UPS, GM, and Ford, the five companies that Fortune lists as having the most employees, all offered a similar incentive, more than 2,865,700 people would be eligible for incentive to go green. That could really start to make a difference for the environment. Now imagine the environmental benefit of every company in America making this same incentive offer..."

4 of 427 comments (clear)

  1. WalMart?! Bahahaha... by FatSean · · Score: 5, Insightful

    They don't care, the factories in China that produce the majority of WalMart's goods spew pollution wholesale.

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  2. The incentives... by drmike0099 · · Score: 5, Insightful

    Wal-mart: Buy a smaller car, cuz next week we're going to start paying you less.
    McDonald's: Buy our salads and lose weight; it will cut your fuel costs by not dragging your fat butt (which you must have got at Burger King and not here) around.
    UPS: Don't take it there and waste gas yourself, pay us to.
    GM and Ford: Trade in that old, fuel-inefficient sedan for a new, advanced-fuel-utilization sport-utility vehicle. You know you want to!

    Not just to mock this, but what incentives do these companies really have for their bottom line that would inspire them to make this an issue? As a rule, top companies stay out of potentially politically-charged issues, and this is, unfortunately, one of those.

  3. Greenbacks by Doc+Ruby · · Score: 5, Informative

    In California there's a market for "landfill credits". Corporations get landfill credits they spend when filling land with waste. They can trade their unused credits in a market. I used to work for a recycling company that was paid to haul off several shipping containers each week from Silicon Valley firms, which then traded that volume in credits for cash. Big "customers" of ours included Apple, HP, IBM, Lockheed, Bank of America. We resold and recycled all that material, redistributing technology around the Pacific Rim in partnership with our Phillipine and Australian branches. California managed its landfill expansion, corporations had a market for their participation, material got distributed more around the world, and we made a bundle. And I got to play with the craziest Frankenstein lab ever, right on the shore of the San Francisco Bay - even buying my first BMW for $300 as "salvage" - and my first SGIs and VAX, too, along with all kinds of Akihabara-grade tech mutants. The landfill market monetized the hidden costs of the product lifecycle which otherwise would be paid by everyone in pollution costs, while still making clear that "we're all in it together". When the actual costs are included in the economy, the incentives for "going Green" are simple and obvious.

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  4. Re:Going green by philipgar · · Score: 5, Insightful

    The auto companies have no incentive to make their SUVs more fuel efficient? Are you retarded? With gas between $2.50 and $3 a gallon the auto manufacturers are starting to see the incentive. SUV's have sold poorly since gas rose in price. The reason is obvious, consumers don't like paying so much in fuel costs, and when gas is $2.50 a gallon they start to think more about getting something that is more fuel efficient.

    If you want the majority of cars sold to be extremely fuel efficient the easiest way would be to artificially increase the costs of gas through taxation. If gas were $10/gallon with no chance of lowering people would A: Drive a lot less, and B: when they purchase a new car the fuel economy would be much more important to them.

    The thing is the cost of ownership of a new car is kind of hard to judge, and depends how long people will be driving it. Assuming a 7 year ownership (beyond that it gets much more complex due to the car breaking down etc) we get a yearly cost of about (Purchase cost)/7 + yearly insurance cost + (Miles Driven/year)*(Cost of a gallon of gas)/(MPG). For many people if they actually did the math it works out that even with gas being $2.50/gallon it's cheaper not to buy a hybrid car! Wasn't there a study not too long ago showing that?

    Of course people don't really use these equations when buying a car, but many rough estimates are considered, and it's probably remarkably accurate. Of course than the category of car (how fancy, status symbol, etc) come into play as well. But even than gas prices will likely factor into the purchase (unless the person is wealthy enough that they wouldn't bat an eyelash at paying $20/gallon).

    That being said I'm completely against the whole idea of the government getting that involved with the affair. As far as companies giving incentives to employees. . . WHY the hell would they? If Walmart gave employees credits for buying hybrids they'd either have to pay their employees less, or raise prices or profits. Does that make any sense to them? I don't know what world /. thinks we're living on, but without an incentive to do this there's no reason a company would. Maybe some small operation who's owners are willing to lose profit (or their employees are willing to lose some pay) will follow this, but I can't forsee the major company's doing this. Of course the government could do this, but this essentially works into pay cuts for everybody and a benefit to those who buy the hybrids. Of course who gets helped the most by the deal .. . those who drive THE MOST!!! Those are the ones with the most incentive to get a more fuel efficient car.

    Phil