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Wal-Mart pulls the plug on green initiatives
Wal-Mart CEO Lee Scott, who announced a high-profile series of green corporate initiatives last year, has now ... taken them back. Citing high costs, Scott yesterday announced that Wal-Mart is canceling most of its sustainability programs, shifting its truck fleet back to diesel (from biofuels), shuttering its experimental hyper-efficient stores, and pulling organic products from its shelves. The only remaining evidence of Wal-Mart's much-ballyhooed green makeover will be -- you guessed it -- light bulbs. "We're keeping the compact fluorescents. Those are pretty cheap," said Scott. "The rest of the stuff we tried was too expensive. In the end, our customers value low prices more than sustainability, and at Wal-Mart, we listen to our customers."

straight to the source: The Wall Street Journal, Kevin Ryan, 01 Apr 2007

straight to the source: The New York Times, Dan Bogden, 01 Apr 2007