The E-$tock Club has partnered with Go-Green Club to start the Beckman Recycling Program! Today was our first collection of cans and bottles from ten recycling bins scattered throughout campus. The result:
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One big trash bag filled! That is not a bad haul for five days and ten bins (three pictured above).
The recycling program has many useful purposes on campus;
First of all, we are helping to clean up campus by providing an outlet for people to "go green" and recycle.
Second, the funds that recycling will give us will be used to fund more loans on Kiva and other future projects.
Finally, this is a great segue into commodities! A commodity is, at its simplest form, a good that meets a want or a need in society. Plastic and aluminum are two commodities, and at the recycling center the base buyback price is currently at $1.07 for PET 1 ("water bottle") plastic and $1.59 for aluminum cans in California. Another interesting thing about commodities is that greater demand can create greater value for them. For example, California law dictates that you can demand to be paid by count on up to 50 items of one type of recyclable object. For example, you could bring in 50 water bottles and be paid $0.05 each (for a grand total of $2.50) if the bottles are under 24 oz. (over 24 ounces will net you $0.10 per item).
Thank you to all who helped make campus a greener place (and put some green into our club accounts). Keep up the good work!
~Andrew JabaraAndrew JabaraAndrew JabaraAndrew JabaraAndrew Jabara
President of the E-$tock Club
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