Silicon Valley / San jose Business Journal – January 28, 2008
I am not a lover of carbon trading. I have complained about them multiple times (read some of my comments here, here, and here). However, I plan on discussing how companies are trying to be “green” and also how they are trying to profit from that effort – at least in the court of public opinion if not on their balance sheet. (Follow the feed link to read the rest of the story).
So it seems prudent to take a look at Intel which instead of trading carbon purchased renewable energy credits. This is not a company that uses huge amounts of energy like a heavy manufacturer like GM or Ford. However, they are quite large and their energy bill is likely quite considerable.
It is not immediately obvious that this effort is complete though. Many of the factories that Intel produces products in are in Asia. These factories get their power from fairly inefficient and high polluting Asian power plants. Did Intel factor this additional burden of dirty energy? Would they have donated less money if the plants would have been in France where the majority of the energy comes from nuclear plants?
I don’t want to be too hard on Intel. At least they are trying to do something. I am also happy they didn’t trade carbon (which I think is not efficient) but rather bough RECs which are a little more on target.
Santa Clara-based Intel (NASDAQ:INTC) said the purchases will make it the single largest corporate purchaser of green power in the country, according to U.S. Environmental Protection Agency figures
“We have a long history of commitment to the environment and energy efficiency is an important consideration in everything we do, from building transistors to designing microprocessors and running our factories,” said Intel president and CEO Paul Otellini….
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