Thanks to globalization, this is no longer an issue! All you have to do is outsource it to somewhere where it is legal to burn it. Comparative advantage at work!
Burn it, and spend a million on planting trees or some other form of carbon capture? Probably come out way on top in terms of both CO2 emissions and budget.
I live in a city and the bylaws prohibit burning garbage. I imagine the main rationale is avoiding the smoke and the smell. I am sure there are also concerns about environmental effects and fire risk.
I think it’s mostly paying the vendor who manufactured them.
The tickets were created, the vendor wants to get paid, but CEC doesn’t want the product and is in bankruptcy so they are trying to pay ~$1MM less than full price to settle with the vendor and keep the tickets from being sold to someone else.
The containers sell for $5k to $8k each depending on size and condition. Maybe just sell them for $1k each and buyer has to agree to deal with what is in them?
What I mean is, if you want to buy a shipping container, they cost $5k to $8k (used). People buy them all the time. If they were doing this in about 9 months from now, I would take some of them off their hands. They could sell them for much less to get rid of them quickly and stop paying the rent.
I wonder how much they cost. Alibaba shows 1.88 for a roll of 2000 for orders of a 1000 or more. I bet you can push it down to a $1 for that volume not factoring shipping costs. Which would mean all these tickets would cost $3.5mm.
65 shipping containers,
= $35,076 per container
I wonder where the bulk of this cost comes from. Transport? Legal fees (for the petition)?