The London 2012 Olympics promise to be a “low Carbon” affair. The London games will have everything from a low carbon Olympic flame to official energy provider EDF providing 24MW of energy from renewable resources. Even the official Olympic fleet is getting in on the “low carbon” act. What else is there to do? Right: The humble British Black Cab is getting the “low carbon” treatment. It’s coming from a source that had already been written off: Hydrogen. (Read More…)
GM withdrew its sponsorship of the US Olympic team after the 2008 games, because, as a spokesperson explained at the time, “we have other avenues to be able to reach this same audience without bearing the expense of being an official sponsor of the U.S. Olympic team.” However, GM is a main sponsor and official vehicle supplier of the 2010 games in addition to being the main sponsor of the Canadian national team. According to TNS Media, GM was the leading advertiser in the 2006 Winter Games, spending $111.6m and leading the auto sector to a resounding lead in ad spending (total $156.7m). General Motors has reportedly cut back its ad spend on Vancouver, but details aren’t being disclosed. And at least one GM investment in Vancouver-related publicity won’t be paying off: the General Motors Place is being temporarily renamed the Canada Hockey Place in order to comply with IOC standards. We’d normally make some crack here about your tax dollars at work, but Olympic sponsorships are lined up years in advance. Too bad that back in 2007, when GM was losing $2b annually, it denied that its financial status had anything to do with its removal of US Olympic team sponsorship. Had the firm been more realistic about its financial health… well, who knows where we’d be right now.