Yahoo has jumped on the band wagon and will be going “carbon neutral”.
While investors were tough on Yahoo’s stock on Wednesday the Internet giant announced it will go easy on the planet by going carbon neutral.
The Sunnyvale, California-based online search engine will offset greenhouse gas emissions resulting from its energy use by investing in environmental projects worldwide, said Yahoo co-founder David Filo.Filo estimated that Yahoo going “carbon neutral” will cut air pollution as much as would result from turning off the electricity to all San Francisco homes for a month or removing 25,000 cars from the streets for a year.
“We know carbon neutrality isn’t without controversy,” Filo said in a statement.
“We think our offset program counts, but since this is a new and emerging market, we expect to learn as we go.”
Yahoo’s stock price was down nearly 12 percent on Wednesday to 28.32 dollars in the wake of a first-quarter earnings report showing the Internet pioneer’s profits sagged 11 percent under the weight of operating expenses.
Well this collosal waste of money should really impress investors.
Tell me, how is the average citizen supposed to be able to afford their day-to-day expenses and then purchase these carbon offsets from Al Gore to neutralize their energy use? This is quite an elitist position these liberal activists have taken. It puts them quite out of touch with the common man. It’s amazing how they can just pay some money to relieve their guilt for destroying the planet. I’m sure most folks would prefer Yahoo give them a job instead, or give the current Yahoo employees a raise. How about investing that money in trying to take over Google’s spot as the top search engine instead? I think liberals know that only the rich can afford these carbon offsets so this is really just a new ploy to redistribute wealth.
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