Ladywriter
October 22nd, 2007, 07:51 AM
HOUSTON - Waste Management Inc., the nation's largest garbage hauler and landfill operator, will spend hundreds of millions of dollars over the next dozen years to make its operations more environmentally friendly, CEO David Steiner announced Thursday.The company plans to increase its energy production from waste, buy more fuel-efficient vehicles and more than double the amount of recyclable material it processes, among other initiatives.
Steiner said the "green" strategy will also boost Waste Management's bottom line. The company reported $13.4 billion in revenue in 2006.
"I don't look at it as how much it's going to cost," said Steiner, stopping short of putting a price tag on the plan. "I look at it as how much it's going to return."
Primarily through burning waste and using methane gas-to-electricity technology Waste Management now creates enough energy to power roughly 1 million homes a year. By 2020, it expects to double that output.
http://www.msnbc.msn.com/id/21255085/
"I don't look at it as how much it's going to cost, I look at it as how much it's going to return." Now thats the right way to get things done :)
Steiner said the "green" strategy will also boost Waste Management's bottom line. The company reported $13.4 billion in revenue in 2006.
"I don't look at it as how much it's going to cost," said Steiner, stopping short of putting a price tag on the plan. "I look at it as how much it's going to return."
Primarily through burning waste and using methane gas-to-electricity technology Waste Management now creates enough energy to power roughly 1 million homes a year. By 2020, it expects to double that output.
http://www.msnbc.msn.com/id/21255085/
"I don't look at it as how much it's going to cost, I look at it as how much it's going to return." Now thats the right way to get things done :)