On average, gasoline currently sells for approximately $3.60 per gallon, according to the U.S. Energy Information Administration. Sustainable business MBA degree seekers may be interested to learn how one company is taking steps to reduce the environmental impact of their vehicle fleet while reducing costs.
Communications holdings company AT&T recently announced that it has managed to avoid the purchase of more than one million gallons of petroleum fuel in 2010 through the use of compressed natural gas vehicles in its corporate fleet.
AT&T's alternative fuel vehicle (AFV) fleet is comprised of all-electric, hybrid-electric and compressed natural gas automobiles.
In 2009, the company said that it would spend up to $565 million to meet its goal of deploying approximately 15,000 AFVs through 2018. As of March, AT&T has managed to introduce more than 3,500 of these fuel efficient vehicles.
"Our investment in more fuel-efficient-vehicles helps minimize our impact on the environment, delivers bottom line benefits to our company and helps to spur job growth in the domestic clean energy sector," said Jerome Webber, vice president of AT&T Global Fleet Operations.