Monday, October 15, 2007

 

Waste Management works on ‘green’ strategy

By John Porretto
The Associated Press

HOUSTON, TX - Waste Management, the nation’s largest garbage hauler and landfill operator, plans to spend hundreds of millions of dollars over the next dozen years to make its operations more environmentally friendly.

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.

Waste Management chief executive David Steiner is scheduled to announce the plan today at the World Business Forum in New York.

In an interview with The Associated Press, Steiner said the “green” strategy also will boost Waste Management’s bottom line. The company reported $13.4 billion in revenue in 2006....Read more.