Benzinga chimes in with the latest report on how the high costs associated with recycling are making it difficult for waste and recycling firms to offer the service. The issue was the subject of a recent webinar and is something the National Waste & Recycling Association has been talking about extensively this year.
From Benzinga's report:
David Steiner, Waste Management, Inc. CEO, was on CNBC Thursday to explain the economics behind recycling and how recycling can make a comeback.
"We are not asking for a handout. We are not asking to subsidize recycling other than when you have situations like you have today, where it becomes unprofitable to recycle," Steiner said. "And we all know what happens when it becomes unprofitable: people don't invest, and we generally invest $100–$200 million a year in recycling assets. The last two years we haven't invested any. And so, we have got to get to a situation where anyone that recycles, not just Waste Management, that anyone can do it."
For the full report, go here.