AT&T will spend $565 million on alternative-fuel vehicles

AT&T is making the largest ever commitment by an American company to purchase alternative-fuel vehicles, CEO Randall Stephenson told the Economic Club of Washington on Wednesday. "My No. 1 job is long-term growth," he said. "I only know of one way to do that and that's by investing in areas that drive sustainable growth." The company plans to make two investments amounting to $565 million to increase the number of alternative-fuel vehicles it uses from 100 to 15,000 by 2020. Over the next five years, AT&T will spend $350 million to purchase 8,000 vehicles that run on compressed natural gas. The new vehicles AT&T will buy will be built by the U.S. auto industry and should produce 25 percent less greenhouse gas emissions than traditional vehicles, Stephenson said. AT&T will also spend $215 million to replace nearly all of its 7,100 passenger vehicles over the next 10 years with alternative-fuel vehicles, starting with electric hybrids. With these two investments, AT&T expects to reduce its gasoline consumption over the next 10 years by 49 million gallons...CNET News