While investors were tough on Yahoo's stock on April 18 the Internet giant announced it will go easy on the planet by going carbon neutral The Sunnyvale, Calif.-based online search engine will offset greenhouse gas emissions resulting from its energy use by investing in environmental projects worldwide, said Yahoo co-founder David Filo.
Filo estimated that Yahoo going "carbon neutral" will cut air pollution as much as would result from turning off the electricity to all San Francisco homes for a month or removing 25,000 cars from the streets for a year.
"We know carbon neutrality isn't without controversy," Filo said. "We think our offset program counts, but since this is a new and emerging market, we expect to learn as we go."
Yahoo's stock price was down nearly 12% on April 18 to $28.32 in the wake of a first-quarter earnings report showing the Internet pioneer's profits sagged 11% under the weight of operating expenses.
Editor's Note: It has come to our attention that another search engine, Picsearch, launched its environmental program a month ago. You can read more about Picsearchs carbon free search here: http://www.picsearch.com/menu.cgi?pl=en&item=PR_20070322
Copyright Agence France-Presse, 2007