Does The Coca-Cola Company (NYSE:KO) really have the gall to play the environmental card?
When SeaWorld Entertainment opens the new Antarctica: Empire of the Penguin ride at SeaWorld Orlando on Friday, it will do so with a proprietary soda.
The leading beverage giant and the marine life theme park operator will be teaming up to introduce Vanilla South Pole Chill as a carbonated vanilla-based soft drink that will only be available inside the penguin-themed habitat and attraction.
An important aspect of the drink will be the unique refillable penguin character cups. They’re not cheap at $10 apiece, but they come with RFID chips that measure the carbon dioxide being spared when going for a refill in a reused cup. The Coca-Cola Company (NYSE:KO) and SeaWorld claim that 27 grams of CO2 are saved this way, and the two are hammering home the green message by donating $1 from each “Cup That Cares” to the park’s not-for-profit conservation fund.
Really? Just wait until SodaStream International Ltd (NASDAQ:SODA) hears about this.
Even though SodaStream specifically called out Coca-Cola and PepsiCo, Inc. (NYSE:PEP) in the banned Super Bowl commercial that’s been running these days, it’s been The Coca-Cola Company (NYSE:KO) that has publicly fought back. Coca-Cola threatened to sue SodaStream International Ltd (NASDAQ:SODA) for a traveling cage exhibit that showcases the number of bottles and cans thrown out annually by a typical family. SodaStream used the cease-and-desist threat to amplify its message.
SeaWorld has no shortage of activists rallying against the theme park’s killer whale habitats, but the environmental message — or the conservation fund — doesn’t necessarily seem hypocritical. It is strange, though, to see The Coca-Cola Company (NYSE:KO) tied to the preservation message.