Ford to Promote Green
Investments to Consumers
April 27, 2006 — By Poornima Gupta, Reuters
DETROIT — Ford Motor Co. said it will
give consumers concerned about harmful greenhouse emissions an
opportunity to invest in clean energy projects via a new Web Site that
will calculate suggested investments based on the amount of carbon
dioxide produced while driving.
In a program called "Greener Miles," which is expected to be announced
on Thursday, consumers can go to the Web Site to calculate the amount of
carbon dioxide produced in one year of driving. The Web site will then
suggest an investment linked to the cost of producing an amount of clean
energy equivalent to the carbon dioxide produced.
Ford is partnering with TerraPass, a group that helps finance solar,
wind and methane-driven energy projects, for the project, Niel Golightly,
director of Ford's sustainable business strategies, told Reuters in an
interview.
"We know that there is a growing number of customers out there that are
starting to raise questions about this whole subject of climate change
and energy security... and looking for things they can do to address
it," Golightly said.
The consumer contributions -- ranging from $29.95 to $79.95 annually
depending on the type of vehicle, amount of carbon dioxide emitted and
miles traveled -- will be invested in U.S.-based projects such as wind
power energy or making power from dairy farm manure.
An average car produces between 10,000 pounds and 12,000 pounds of
carbon dioxide a year, Tom Arnold, TerraPass chief environmental
officer, said.
The initial projects that would benefit from contributions from Ford
buyers are a wind farm in Ainsworth, Nebraska, and Haubenschild Farms
near Princeton, Minnesota, which converts manure into electricity, he
said.
In exchange, consumers get a sticker for their windshield verifying the
offset of carbon dioxide the vehicle emits.
Ford said it has no plans to run a broad-based advertising campaign for
the initiative.
Instead, Ford dealers will be given brochures on the project and
consumers will be directed to the Web site from several Ford product
sites, Arnold said.
Arnold said it was hard to say how many consumers will participate in
the project.
Ford Chairman and Chief Executive Bill Ford, great-grandson of the
company founder and a lifelong environmentalist, has made efforts to
portray the automaker as an environmentally aware "green" company.
But the company and Bill Ford have often been the target of
environmental groups that decry the company's dismal fuel economy
record.
Golightly said Ford is also working to improve the fuel-efficiency of
its fleet, investing in alternative-fuel vehicles and working to reduce
emissions from its factories.
The Greener Miles project "is a very incremental part of our overall
climate change policy," Golightly said. "This is an opportunity for us
to engage our consumers a bit more."
Source: Reuters
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