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Coca-Cola Warns Green Taxes Could Cut Its Profits By 50%
The Telegraph (UK) ^ | 12-12-2009 | Rowena Mason

Posted on 12/12/2009 11:11:50 AM PST by blam

Coca-Cola Warns Green Taxes Could Cut Its Profits By 50%

Coca-Cola and Unilever have warned that their profits could halve over the next decade unless they reduce their emissions, as business leaders in Copenhagen called for a global fixed price on carbon dioxide.

By Rowena Mason
Published: 7:09PM GMT 11 Dec 2009

Coca-Cola announced that it would reduce the carbon footprint of its supply chains Photo: Reuters

The two companies acknowledged that green taxes and regulation would cause profits to fall 47pc by 2018 in the consumer goods sector if no effective action was taken.

Unilever and Coca-Cola both announced that they would reduce the carbon footprint of their supply chains at the Copenhagen Business Day, a conference running in parallel to the political summit.

However, the presence of Paul Polman, chief executive of Unilever, was overshadowed by Greenpeace's allegation that the company may have been buying palm oil from a supplier engaging in deforestation.

"The Greenpeace claims are of a nature that we can't ignore. Unilever is committed to sustainable sourcing. Therefore, we have notified [our supplier] that we have no choice but to suspend our future purchasing of palm oil," said Marc Engel, Unilever's chief procurement officer.

[snip]

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: News/Current Events
KEYWORDS: bhotaxincrease; cocacola; environment; greens; taxes

1 posted on 12/12/2009 11:11:51 AM PST by blam
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To: blam

Flat Coke? Yuck!


2 posted on 12/12/2009 11:13:45 AM PST by Yo-Yo
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To: Yo-Yo

Pepsi is flat.


3 posted on 12/12/2009 11:15:36 AM PST by library user
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To: blam
"The Greenpeace claims are of a nature that we can't ignore. Unilever is committed to sustainable sourcing. Therefore, we have notified [our supplier] that we have no choice but to suspend our future purchasing of palm oil," said Marc Engel, Unilever's chief procurement office

They purchase the palm oil and fractionate. The C12-C14 cut is used in detergent systems. I believe they sell the other cuts to the Witco company which was purchased by Akzo Chemie.

Unless they've got an economical green synthesis to C12-14, they'll have to get the cut from other aliphatic sources such as beef tallow (gasp), which historically was the primary source before the palm oil became available which was higher in C12-14 content than beef tallow and thus more economical and "greener".

4 posted on 12/12/2009 11:19:32 AM PST by Zuben Elgenubi
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To: library user

http://www.wikihow.com/Make-OpenCola


5 posted on 12/12/2009 11:19:44 AM PST by Squantos (Be polite. Be professional. But have a plan to kill everyone you meet)
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To: blam

the good news is- coke will pay a lot less taxes if it has less profits, won’t it?


6 posted on 12/12/2009 11:21:25 AM PST by silverleaf (More folks being invited to the White House for Holiday parties than are being sent to Afghanistan)
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To: blam

Oh really? Couldnt happen to a nicer corporate sponsor of that “Hopenhagen” green website. Hey coke, cry me a river,,


7 posted on 12/12/2009 11:21:53 AM PST by DesertRhino (Dogs earn thi title of "man's best friend", Muslims hate dogs,,add that up.)
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To: blam

Independent-minded and thinking wall streeters will recognize that this will not simply cause Coke stock to go down on Monday. The statism behind a 50% decrease in Coke profits applies to most companies and industries, affecting most stocks, unless the fascists goal of de-industrialization and socialization of the economy is stopped.


8 posted on 12/12/2009 11:22:31 AM PST by C210N (A government big enough to give you everything you want, is big enough to take everything you have)
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To: library user

They’ll both be flat after the FDA bans the use of Carbon Dioxide in food and beverages because the EPA ruled it a “dangerous pollutant.”


9 posted on 12/12/2009 11:23:55 AM PST by Yo-Yo
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To: blam

Is it too late to change the Coke logo into something that will glorify The One?


10 posted on 12/12/2009 11:24:06 AM PST by steelyourfaith (Time to prosecute Al Gore now that fellow scam artist Bernie Madoff is in stir.)
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To: blam

Double the price, problem solved.


11 posted on 12/12/2009 11:24:33 AM PST by Rebelbase (Green bean casserole is a culinary curse upon mankind)
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To: blam

Then maybe Warren Buffet, a notorious lib and (hypocritically) owner of Coke, is reaping what he sowed. It is people like him who got Barack Obama elected.


12 posted on 12/12/2009 11:26:51 AM PST by IronJack (=)
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To: Yo-Yo

Perrier has carbon dioxide too. So does beer and wine. But if we tax bubbly drinks, we can’t call it a flat tax.


13 posted on 12/12/2009 11:31:53 AM PST by Qout
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To: blam

Hey Coke... How’s that Hopehagen working out for you? Jackasses!


14 posted on 12/12/2009 11:33:22 AM PST by 762X51
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To: blam

I stopped buying Coca Cola products when I heard it was hyping “Hopenhagen”.


15 posted on 12/12/2009 11:35:45 AM PST by Mobties
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To: blam
Coca-Cola Warns Green Taxes Could Cut Its Profits By 50%

Well duh, Coca Cola, what do you think they're trying to do?

You don't redistribute wealth and allow profits.

All you corporations that have gone along with this "progressive" agenda are now reaping what you sowed.

An appeaser is one who feeds a crocodile - hoping it will eat him last. - Winston Churchill

16 posted on 12/12/2009 11:36:09 AM PST by DakotaRed (What happened to the country I fought for?)
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To: blam

Coca Cola is in Granny’s portfolio. Obama and the gang want to rape your retirement.


17 posted on 12/12/2009 11:36:15 AM PST by jimfree (In 2012 Sarah Palin will continue to have more relevant quality executive experience than B. Obama.)
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To: DesertRhino

LOL idiots apparently figured they would get a break if they firmly attached themselves to Obozo’s nether regions.


18 posted on 12/12/2009 11:36:22 AM PST by cripplecreek (Seniors, the new shovel ready project under socialized medicine.)
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To: blam

Serves them right, they get “in bed” with this guy (health care) and they’re gonna get “burned” ... he doesn’t have friends.


19 posted on 12/12/2009 11:36:42 AM PST by ThePatriotsFlag (http://www.thepatriotsflag.com - The Patriot's Flag)
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To: Qout
But if we tax bubbly drinks, we can’t call it a flat tax.


20 posted on 12/12/2009 11:42:09 AM PST by Yo-Yo
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To: blam

They’re surprised?

I thought that was what this admin is all about? Ruining free market enterprise.

Gee, are their really still peoples out there just finding this out?


21 posted on 12/12/2009 11:45:08 AM PST by Beowulf9
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To: Mobties
I stopped buying Coca Cola products when I heard it was hyping “Hopenhagen”.

Really? They were in on this, too? Geez, they deserve what they get. Glad I don't buy/drink pop anymore, but that doesn't mean something further down the road isn't going to get steamrolled by this idiotic policy.
22 posted on 12/12/2009 11:55:41 AM PST by swatbuznik
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To: blam

Obama’s War On Profit...bump


23 posted on 12/12/2009 11:59:24 AM PST by VOA (I)
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To: blam
"Coca-Cola Warns Green Taxes Could Cut Its Profits By 50% "

OK...I sat here and strained and strained, winked and blinked, but I couldn't muster up one tear for Coca-Cola.

If they want to step up and champion this MF then they have to take the consequences.

However, we all know they won't lose a dime, not a single cent..they'll just pass it on to us. A 12-pack of canned cokes will go to $8-$10, it's as simple as that.

I stopped buying them when they went to $4 a 12-pack, and switched to "Big-K", Kroger house brand cola...there's not that much difference - in fact, I've been drinking Big-K's so long now, regular Coke just doesn't taste right anymore. And, they're only a little over a dollar for the 12-pack.

I realized the Big-K will be affected by the tax too, but, they'll still be a lot cheaper than coca-cola. And - so far as I know- BigK isn't in Copenhangen cutting off their own noses to be policially correct.

I really should be drinking water anyway.
24 posted on 12/12/2009 11:59:37 AM PST by FrankR (SENATE: You cram it down our throats in '09, We'll shove it up your ass in '10...count on it.)
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To: Yo-Yo

Yeah, just wait until the EPA realizes that that frothy stuff at the top of your beer glass is chock full of CO2. Flat soda is bad enough, but flat beer...


25 posted on 12/12/2009 11:59:43 AM PST by Fresh Wind ("...a whip of political correctness strangles their voice"-Vaclav Klaus on GW skeptics)
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To: blam

Obammy can take over Coke and use Wall Street executives to make cola!


26 posted on 12/12/2009 12:02:03 PM PST by Dallas59 (No To O -Time is going by really really really really slow.)
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To: blam

Coca Cola already lost 100% of its profits in this house, and won’t see even one cent until they remove high fructose corn syrup from their products.


27 posted on 12/12/2009 12:05:17 PM PST by hennie pennie
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To: Beowulf9

Uh....isn’t CocaCola on the list of enviro wacko sheeple that bought into the “Climate Change” scam/hoax? If that isn’t a perfect example of sublime irony (and sublime stupidity)...I don’t know what is.


28 posted on 12/12/2009 12:15:24 PM PST by XenaLee
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To: hennie pennie
Me too, Coke just doesn't taste good period.

It used to.

Real sugar (it's grass juice, what could be more natural?)

Coke, you suck, and you know why.

29 posted on 12/12/2009 12:16:19 PM PST by norraad ("What light!">Blues Brothers)
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To: norraad; hennie pennie

You can always stock up in the spring:

“Coca-Cola usually rolls out limited-edition Kosher for Passover Coke, also made with real sugar since observant Jews cannot have corn products, hence no HFCS. Many non-Jews celebrate the product as well, believing the sugar version is superior (whether for taste or health reasons).”


30 posted on 12/12/2009 12:27:36 PM PST by Canedawg (Bring lawyers, guns and money.)
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To: Canedawg
NO way, that stuff is waaaaay expensive, almost double the price of the Coca Cola with HFCS.

And coke is NOT worth what it is presently priced at --- and their cute little manuveur of having tiny little 2-swallow cans in 6-packs for almost FOUR BUCKS was a really INSULTING thing to do.

Who do they think they are? WHAT do they believe they are selling? While the USA's financial system went KeR-plunKK, Coke doubled the prices of its products.

That was disgusting.

Reynold's Wrap pulled similar nonsense -- a year ago in the fall, one lousy roll of tin foil became almost FIVE DOLLARS.

That's nuts.

We have since started using generic Wax Paper whenever we can, and have a set of plastic containers for everything else. Wax paper is a bit strange, but not too many generations ago, that's all there was, and it'll work again, just fine.

Seriously, many of America's corporations lost ALL credibility with us during Fall/2008. As a consequence, we purchase almost NO brand name products whatsoever. They really irritated me. LONG TERM.

31 posted on 12/12/2009 12:36:13 PM PST by hennie pennie
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To: blam

Surely some smart MBA at Coke has thought of this - they are sequestering CO2 in our stomachs, so should in fact be selling carbon credits. They’ll make billions!


32 posted on 12/12/2009 12:42:47 PM PST by PGR88
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To: hennie pennie

All food products have become ridiculously expensive. I’ve been going as John Galt as possible during the past year- mostly just spending money on food, and wow, have things gotten expensive!

I wait for Coke to go on sale- 3 or 4 bucks for a 12 pack, and then i’ll pick up two or three of them. I drink a lot less of it than I used to, but I have always had a weakness for “pop”.

I’ll also drink Sunkist (Coke’s orange flavored soda)


33 posted on 12/12/2009 12:44:50 PM PST by Canedawg (Bring lawyers, guns and money.)
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To: Canedawg
I don't know WHAT they put in the stuff that makes one crave Coca Cola - I still have the craving today, a year later.

Last summer I purchased a small bottle of exorbitantly overpriced coke and I was just shocked with the first swallow...... because it tasted just disgusting.

It's similar to what people say about cigarettes, that they crave them, but can't stand the smell, don't like the taste, but the CRAVING remains anyway.

I was about 7 months without so much as a sip of Coca Cola before I bought that one bottle. I have NO idea why I still have a craving for it, because it no longer tastes any good, not at all.

34 posted on 12/12/2009 2:48:50 PM PST by hennie pennie
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To: Fresh Wind

Grandma said that back in the day they used flat beer as a hair conditioner. I also remember a shampoo/conditioner called “Body on Tap.” LOL!


35 posted on 12/12/2009 2:52:44 PM PST by Enough_Deceit (Proud Mama of a US Marine and a US Soldier Bitterly Hanging On to Her Guns and Religion. Ooorahh!)
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