5 Cents Per Plastic Bag Nets Loblaws $39.7 million in 2009 = Time to Boycott Loblaws!
For some time now, Loblaws has been charging 5 cents per plastic bag, even in markets where it is not mandated to do so.
Recently, Loblaws stated in a news release that by charging 5 cents per plastic bag they diverted 1 300 000 000 bags from public landfills. They claim that this initiative has reduced plastic bag use by 55%. Therefore, by using simple ratios, if this 55% reduction diverted 1 300 000 000 000 bags from the landfill, the 45% not diverted amounts to 1.06 billion plastic bags. Each of these were sold at 5 cents apiece and allowed the company to bring in $53.2 million (i.e. 1.06 billion * 0.05). After paying for the manufacturing cost of these bags, Loblaws took in $42.5 million dollars off this 'environmental initiative' to date. At the same time, they are NOT having to give out 1 300 000 000 plastic bags at a cost of 1 cent apiece saving them $13 million dollars (i.e. 1 300 000 000 * 0.01). So where did this $55.5 million dollars go?
To a $3 million CHARITABLE, tax-free donation to the World Wildlife Fund! They are using this 'environmental initiative' to bring in profits of $52.5 million - money paid for by you and I! It seems like the only one seeing 'green' here is Loblaws!
Therefore, beginning JANUARY 10th, 2011, my family of three will no longer be shopping at Loblaws, Zehrs, or the Real Canadian Superstore because of these fees, unless they are eliminated by this date.
Please join us. One family may not make a difference, but a few hundred may. In Nova Scotia, a boycott worked!
CALCULATION SOURCE: http://www.torontosun.com/news/torontoa ... 13421.html
Recently, Loblaws stated in a news release that by charging 5 cents per plastic bag they diverted 1 300 000 000 bags from public landfills. They claim that this initiative has reduced plastic bag use by 55%. Therefore, by using simple ratios, if this 55% reduction diverted 1 300 000 000 000 bags from the landfill, the 45% not diverted amounts to 1.06 billion plastic bags. Each of these were sold at 5 cents apiece and allowed the company to bring in $53.2 million (i.e. 1.06 billion * 0.05). After paying for the manufacturing cost of these bags, Loblaws took in $42.5 million dollars off this 'environmental initiative' to date. At the same time, they are NOT having to give out 1 300 000 000 plastic bags at a cost of 1 cent apiece saving them $13 million dollars (i.e. 1 300 000 000 * 0.01). So where did this $55.5 million dollars go?
To a $3 million CHARITABLE, tax-free donation to the World Wildlife Fund! They are using this 'environmental initiative' to bring in profits of $52.5 million - money paid for by you and I! It seems like the only one seeing 'green' here is Loblaws!
Therefore, beginning JANUARY 10th, 2011, my family of three will no longer be shopping at Loblaws, Zehrs, or the Real Canadian Superstore because of these fees, unless they are eliminated by this date.
Please join us. One family may not make a difference, but a few hundred may. In Nova Scotia, a boycott worked!
CALCULATION SOURCE: http://www.torontosun.com/news/torontoa ... 13421.html