Dan Gainor Discusses 'Going Green' on CNBC’s Power Lunch

Photo of Paul Detrick.
By Paul Detrick (Bio | Archive)
November 9, 2007 - 16:27 ET

Is it time for more businesses to ‘go green'? Not so fast, says Director of the Business & Media Institute Dan Gainor.

Gainor appeared on CNBC's "Power Lunch" November 9 to discuss business investment in green products, a popular story on many news programs.

"The problem is companies are spending tons of green, going green...for some things, Wal-Mart has found some solutions that make a lot of sense, but then you look at Fed-Ex, they found that just going to hybrid trucks...were 75% more expensive," said Gainor.

You can watch the YouTube video after the break.

The Business & Media Institute examined the greening of business in the October 31 edition of its weekly newsletter The Balance Sheet. BMI found that businesses were stretching themselves to the limit to go green.

BusinessWeek magazine promoted the idea that businesses would benefit from "going green" on June 22, 2007, as did CNN on Dec. 21, 2006, and National Public Radio on May 10, 2005.


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There Mr. Gainor goes,

November 9, 2007 - 16:46 ET by Chris Norman

There Mr. Gainor goes, dragging ugly economics into the feel-good-and-good-for-you act of "going green".

Gimmeafrickin'break

November 9, 2007 - 17:47 ET by Rackie

It's gonna come down to the tree dwellers  vs. the cave dwellers.

Going Green

November 9, 2007 - 23:57 ET by Army Brat

So...what I'm getting is, folks that are driving the hybrids are not so much interested in saving money, (which is a good thing...cause they won't.) as they are interested in the unusual offerings that go with hybrid ownership. Options not available in standard vehicles, the quiet ride and fuel savings. Saving the planet is secondary.

Now this is what you get when you ask a liberal wassup with the hybrid. Sounds like BS to me.

My Toyota Echo gets 50 on the highway at 60. I average 40 overall. The average number for mileage I get from around 15 or so Prius owners I've been able to ask is 45 overall.

Their car costs more than twice as much as mine yet averages 5 more miles to the gallon. True they have some cool toys to play with while driving, but mileage is supposed to be the big selling point of this vehicle. How long is it gonna take this person to get their extra 12 grand outta this thing? They say the battery should last the life of the car but that replacement becomes likely at 200 to 250,000 miles. (???) I've read elsewhere that they require replacement at 100,000 miles. Regardless... at $3500.00 a pop...you figure it out.

Happy Trails...

<< BMI found that

November 10, 2007 - 10:48 ET by Seabeach4348

<< BMI found that businesses were stretching themselves to the limit to go green.>>

Sorry to be the wet blanket here (and you've most likely figured this out already) but ultimately the consumers get screwed as the extra cost of "going green and saving the planet" gets passed onto them.