Recession even hits recycling
Monday, March 9th, 2009An article in Saturday's Globe and Mail confirms that even our recycled goods are feeing the effects of the recession.
According to the article Singin' the blue-box blues, Toronto's recycled goods were worth $191 a tonne just this past August, and are now worth less than $50. Recycled goods such as newspaper, cardboard, cans and plastics used to fetch a pretty penny and are now rapidly declining in worth. For instance, the value of waste cardboard (which is turned into boxes that package electronics, for instance) has dropped 70 per cent since last fall.
So, instead of being reincarnated to something useful, are all these now undesirable recyclable materials heading to landfills?
Here in Ontario it's illegal to send recyclable materials to landfills, so thankfully the recycling programs will persevere during these tough times and just have to accept the lower prices they'll receive for recycled goods. We're lucky, as I've heard that some small cities in the USA have had to cancel their recycling programs.
Just something to think about ...





