Vail Resorts among three Colorado Fortune 500 companies trying to turn might into right — for the environment | VailDaily.com

Vail Resorts among three Colorado Fortune 500 companies trying to turn might into right — for the environment

The Denver Post

When you’re a Ball Corp., Vail Resorts or DaVita Kidney Care, your carbon footprint can be massive. On the flip side, that footprint, which spreads across multiple locations in this and other countries, can be transformative if your goal is to go 100% renewable energy.

That’s exactly what the Colorado-based Fortune 500 companies are aiming to do. All three have set targets for phasing out the use of fossil fuels and reducing their greenhouse-gas emissions.

They’re among a growing number of large, multinational corporations that are taking steps to use more clean energy and shrink their carbon footprints. The reasons vary: economics; pressure from employees and investors; demands from customers; looking for a competitive edge; internal beliefs. Or all of the above.

“I definitely think there’s a trend where this started 10 years ago or so with the first companies signing power-purchase agreements,” said Caitlin Marquis, a policy director with Advanced Energy Economy, a national organization of businesses adopting clean energy and new technologies.

A power-purchase agreement is a long-term contract with a renewable energy developer. A majority of the Fortune 100 companies have set some kind of renewable energy and sustainability goals, Marquis said.

Read more via The Denver Post.