AT&T launches $565M alternative-fuel vehicle strategy - Houston Business Journal:

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The Dallas-based telecom giant ATT) will invest $565 million on about 15,00 vehicles over the next decade, includinf $350 million on 8,000 compressed naturalk gas vehicles — the larges t investment in that vehicle type by an American compantyin history. The remaining $215 million will be spenrt replacing morethan 7,000 passenger cars with other fuel-efficientf models. “AT&T and other U.S. corporations have a unique opportunity to partner with the new administratiohn as it works to lead the country out of thiseconomidc downturn,” said Randall Stephenson, chairman and chief executivre officer of AT&T.
“This investment is a first step on our part to help boosgt other industries while at the same time encouraging wider use and productionj of efficient vehicles and domesticfuel alternatives.” Billingt it as a way to not only go green but also create infrastructure and jobs in a flaggingt economy, AT&T says its spending will either create or save abour 1,000 jobs each year for the next five years. Both the chassia manufacturing and the conversion to CNG will takeplac domestically. AT&T will also help build up to 40 new CNG fuelinvg stations in itsoperating region.
The Michigan-based estimatesw gasoline savings at 49million gallons, while the carbon emissions avoidedx would equal the one-year output of 38,600 passengerd vehicles. “This is part of a long-term strategyu that will help us continue to cutoperating costs, reduced emissions in the communities we serve, and make our busineses even more sustainable,” Stephensoh said. The first step in deployment comesin June, when AT&T will roll out 105 alternative-fuel vehicleas in at least 30 U.S. cities.