Sure, “Greenmail” had a different connotation in the 1980’s, but it’s time to trot out its new usage. Maybe the new definition should be, “A redistribution of capital by pressuring corporations to buy “environmentally friendly” financial instruments to cancel out or “offset” energy use in pursuit environmental or social goals, eg., curing “man made global warming.” See ‘socialism.'”
Dell’s push dates to 2002, when environmentalists launched public protests against the company, saying Dell wasn’t doing enough to encourage the recycling of its computers. In response, Dell launched extensive recycling programs.
…a single wind turbine at the University of Minnesota’s West Central Research and Outreach Center in Morris, Minn…was entirely funded through a $2 million grant from a Minnesota state.
The situation is similar with the Elk River Wind Project, in Beaumont, Kan., from which Dell has bought a larger number of certificates. They are sold through Empire District Electric Co … [A]dditional revenue Empire gets from selling RECs is “just sort of icing on the cake,” she says. “We would have entered into the project regardless of
whether we had the ability to sell these RECs or not.”
The single biggest contributor to Dell’s carbon-neutral claim is a trio of wind projects in Iowa owned by Mid American Energy Co., a Des Moines-based power producer.
Mid American “certainly” would have built the wind farms regardless of whether it had been able to sell RECs, says Tom Budler, the company’s general manager of wind development…