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October 24, 2005

Business News: Wal-Mart Looking to Cut Long-term Energy Costs

From the New York Times:

By MICHAEL BARBARO and FELICITY BARRINGER
Published: October 25, 2005

BENTONVILLE, Ark., Oct. 24 - Wal-Mart's chief executive is set to announce on Tuesday a set of sweeping, specific environmental goals to reduce energy use in its stores, double its trucks' fuel efficiency, minimize its use of packaging and pressure thousands of companies in its worldwide supply chain to follow its lead.

Embracing energy-conscious and environmentally conscious goals will help both the company's bottom line and its customers' needs, H. Lee Scott said in an interview Monday.

Mr. Scott's announcement signals that the nation's largest retailer is joining the nation's largest manufacturer, General Electric, in pursuing policies that set specific goals for environmental performance, while advertising those goals to shareholders and customers and the public as strategic business decisions.

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Posted by Becky at October 24, 2005 10:01 PM Posted to Marketing