Ivan and the Big BioFuel investment. Give me a break from the constant stream of Liberal BS.
I think he/they (the board +AT) need to talk to someone who has a simple understanding of physics and chemistry (high school level is all that's needed)
1. When you burn a hydrocarbon to release its energy - you get pollutants Co, Co2 ++
2. To move an aircraft through the air at XX speed you need to burn XXX amount of calories (Kj etc.) worth of "hydrocarbons" to get the energy to move it at that speed - period. It makes ZERO difference whether those calories come from conventional oil or bio-oil. The same amount will be burned producing the same amount of Co, Co2 ++.
So Ivan, please explain just where this investment is:
- "Green"
- Helps the "bottom line"
Airplanes burn fuel for energy, period. Burning fuel results in environmental contaminants. period...
Approximately 40% of ALL the revenue this company makes goes toward buying and burning hydrocarbons to make a profit that goes mostly to 2 shareholders. VERY EXPENSIVE hydrocarbons thanks to the excellent CX Fuel Hedging Strategy...
See "Peter Principle" above