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Russell Investments’ not-so-green commute to Seattle

Post by Patrick O'Callahan on Oct. 6, 2009 at 4:08 pm |
October 6, 2009 4:09 pm

This from a disappointed member of the keep-Russell-in-Tacoma team. He asked to remain nameless, but his numbers look credible:

See below for ‘irony of the month.’ Russell signs enviro protocol while it decides to throw 700-900 employees into single occupancy vehicles onto I-5 every morning, more than tripling most of their employees’ daily commutes. Can’t have it both ways.

Our analysis, which we shared with Russell, shows that in the aggregate Russell employees will spend an additional 373,880 hours per year in their cars (if the company left Tacoma). This is 474 more hours per commuter per year. Based on IRS mileage reimbursement rates, Russell employees would see an additional cost of commuting of $4.5 million per year. We used actual Russell employee zip codes so this takes into account the few people whose commutes will be shorter.

In terms of miles traveled, the Seattle commute will result in 8,225,360 additional miles traveled annually by employees.

ENVIRO-KICKER: 19.4 pounds of CO2 are emitted by each gallon of gasoline burned, according to federal EPA. Result of increased commute is 159,571,984 pounds more CO2 dumped in atmosphere annually.

Now, some people will move … to shorten commute and keep their jobs … that’s when the cost of living and housing differential kick in … a different financial and time nightmare for employees.

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