Pepsi Co. To Go Green
According to USA Today, Pepsi-Cola is going green! Well, sort of!
PepsiCo (PEP) on Monday will announce that it will purchase 1 billion kilowatt-hours of renewable energy credits over the next year — equal to all the electricity used by all of PepsiCo’s U.S. facilities. That’s enough electricity to power 90,000 average American homes for one year.
Each credit represents a subsidy to help produce one megawatt hour of renewable electricity, such as wind power. Producers of renewable energy rely on brokers to sell credits that drive demand for renewables and, thus, reduce emissions that would otherwise have been produced by burning fossil fuels.
I think any step any company is making towards going green is fantastic! Props to Pepsi for going forward on this!
How do you feel about this initiative?
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