RE:RE:RE:RE:Think about thisSmiteWorx wrote: It is stil a very large capital investment. My opinion, even large companies like Vale will budget for the changes over a period of time longer than 3 years. Even taking into account financing, I do not believe it will be less than 3 years. that is my opinion. And if i am wrong, then I will do even better in the short term than I thought.
Smiteworx, we have read VALES environmental reports, and know they have just raised $1.5billion last week specifically for reducing GHG and carbon footprint.
When I read their enviro report, I learnt that they have an internal carbon pricing scheme that they apply to each department.
They have a goal to be Carbon neutral before they have more carbon taxes. The reason they are doing this is to save money, and that is why I believe it will be done swiftly.
Cheers!