Waste Management Inc Fuel Stations

Waste Management Inc.

Powering Electric Vehicles While Reducing Environmental Pollution

               Waste Management, Inc. (WM) provides waste management services, including garbage collection, transfer, recycling, and disposal services.  It also owns, develops, and operates landfill gas-to-energy facilities in the United States and Canada.  This benefits the stakeholders, the customers, and the planet by recycling garbage and turning food waste into biofuel (10K – Waste Management, Inc. ,2021)

(10K – Waste Management, Inc., 2021)

               Although WM experienced a 10.47% decrease in net income primarily attributed to consumer-altered behavior during the COVID 19 pandemic, WM still achieved a net income of 1.496 million in 2020 that could be kept as retained earnings and used to reinvest in winning strategies.

SWOT Analysis

(MarketLine, 2021)

               The SWOT Analysis shows that WM has good market positions and is the largest waste management company in the country.  It has opportunities to grow with unconventional and renewable energy and given the need to reduce impacts to the planet, there is a strong desire by government agencies, businesses, and consumers to find alternative means of energy outside of petroleum fuels.  Although WM only operates in the US and Canada and competes with local governments and municipalities, there is opportunity to present greater values to the government to relinquish control over those facilities where the management of pollutants would save them money and help the planet.

               People want to save the planet by using electric vehicles but the energy to power those electric vehicles needs to originate from somewhere. Municipal solid waste (MSW) is responsible for the 15% of methane emissions in the U.S. which is an detriment to our planet but it can be used to take waste and convert it into energy (Basic Information about Landfill Gas, 2021). Since the methane can be used as electricity, I propose that WM opens a series of fueling stations for electric vehicles near the processing sites which would ensure less waste and greater profitability by selling fuel directly to the consumer. This action would also cause WM to take greater precautions to monitor and control the amount of methane gas released into the environment so that fuel is not wasted.

(Basic Information about Landfill Gas, 2021)

References:

10K – Waste Management, Inc. EDGAR Entity Landing Page. (2021, February 22). https://www.sec.gov/edgar/browse/?CIK=823768&owner=exclude.

Environmental Protection Agency. (2021, June 3). Basic Information about Landfill Gas. EPA. https://www.epa.gov/lmop/basic-information-about-landfill-gas.

MarketLine. (2021, May). SWOT Analysis: Waste Management Inc. https://advantage-marketline-com.ezproxy.snhu.edu/Company/Profile/waste_management_inc?swot