Corporate Responsibility | January 24, 2007 |
Your Wallet Speaks Volumes
For instance, from what company do you buy your paper, electricity or gasoline, and how sustainable are they? Do they pollute? Use renewable energy? What is the recycling policy?
If you look up "commodity" in Webster's you should see a picture of a gallon of gasoline. Like toothpaste, the price differences are minor, and the quality is nearly impossible for consumers to tell apart.
The Sierra Club has rated the major oil companies for their environmental policies in an online guide. If you guessed ExxonMobil (hello Valdez!) as the "bottom of the barrel" you are correct. The Sierra Club rates BP and Sunoco most highly, so they are worthy of your business. Since gas stations are generally clustered, switching to the most sustainable company could not be easier, and any difference in cost probably washes out over the year as prices vary so much.
Yes, it is somewhat of an encumbrance on consumers to ask them to learn the environmental policy of every company, but if you start with the obvious choices like gasoline, appliances, or cars, the subject of sustainability will start coming up more often.


Comments By Readers
hey John,
I read your article and I do agree with you that many consumers are unaware of the environmental policy of their choice companies, but regarding exxonmobil, there is a reason why they have such poor environmental practices: they focus their energies and more efficient extraction and refinement of oil. whereas BP and shell are looking towards alternative energy sources (ethanol etc.)
do read my <a href='http://verylegal.110mb.com/articles/prison-break-investing-trends-in-oil-and-alternative-energy-part-2.html'>article</a> for more information!
Cheers!
God help me, I put aside a whole afternoon to fgirue this out.
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