Susan Robinson7:21
Yes, Rob Hallenbeck is really a gem. We always say he's the smartest guy at Waste Management. He's pretty dang smart. So he's really devoted. We worked together to kind of create the model several years ago. Our CEO came to us and he basically said, you know, I'm kind of curious, there's a lot of stress on recycling right now. I'd love to know, you know, we can certainly recycle anything, give us enough money and we can recycle anything. What's the spectrum of choices that we have and what's the cost for that spectrum of choices of how we manage material and what's the actual impact? And really, are we looking at it in the right perspective? So we basically took the whole US waste stream, then we looked at the services we provide, from if we were to just collect everything and put it in the landfill, what's the cost, then what's the environmental impact, all the way through residential collection of recyclables, commercial collection of recyclables, yard waste, food waste, more processing. What if we then put in a lot of expensive technologies to gasify that material and see what kind of energy we get out of it, and then what's left over after that? And we really found a couple of key points. One, that sweet spot, which is if we recycle the right things, which is your traditional paper, cans, bottles, cardboard, we get about 80% of the environmental impact and really at the lowest cost overall. From there, we start to add more materials that have an incremental environmental benefit, but sometimes that cost goes up really high. So it was a really interesting kind of aha moment for me that said, hmm, maybe we're not really... I have to say it really did change a lot of how I do my job, which is to think more about the environmental impacts of what we're doing and not just take for granted that what we've been doing for the last 30 years is the best way to do it for the next 30 years. But let's use that data and that science and let's make decisions that really will have the best overall environmental impact.