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University to invest $40M in sustainability
Published: Thursday, November 12th, 2009
The University will invest more than $40 million over the next 10 years to reduce utility usage by at least 25 percent as part of its Energy Master Plan, according to the Report on Sustainability released on Tuesday.
By 2020 ...
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It is absurd that the University would waste this kind of money when they're laying off professors and staff, canceling precepts, and defunding projects that are valuable to the experience of all students.
Gosh darn, I hoped to be the first person on this comment board specifically to try and preempt uninformed comments like the one above me. It appears that this person read the title of the article and then used their preconceived notions to post an idiotic comment.
Before more people try and spew vitriolic hate about the green movement and sustainability wasting money, let's read the article and notice that the University is spending $40 million over ten years. HOWEVER, and that's a major however, these efforts are supposed to save the University $8.5 million over the next 10 years. So, if '12 could do math, he would understand that the University is actually spending $45 million less over the next 10 years, not losing money. But good job there '12. Intelligence and reason at it's finest.
yay! the green bubble begins! i'm gonna buy more trees than i can afford, flip them, and sell them at a huge profit!
@ Loyal Watchdog:
How are you doing that math: -40 + 8.5 doesn't work out to +45 where I'm from and there's no reason (that I can see) to determine the phrase "over 10 years" differently in the first and second usages so why do you amortize one and not the other?
"the investment will save the University $8.5 million annually over the next 20 to 30 years"
Sorry - I missed that
This is one way to create a permanent quasi-boom. But the important thing is to fix the interest rate to something close to 0%, so lots of money can be printed. Printing money makes everyone richer, because people would have more money to spend. Zimbabwe is the richest country in the world, since even the poorest person is a trillionaire. Weimar Germany was a close 2nd; they were so rich that they burned money for heat! The central bankers/central planners in charge of the country are doing a good job (they already ended the recession) so now we can start a permanent quasi-boom.