In November 2005, Wal-Mart announced several environmental measures to increase energy efficiency and improve its overall environmental record, which had previously been lacking. The company's primary goals included spending $500 million a year to increase fuel efficiency in Wal-Mart's truck fleet by 25 percent over three years and double it within ten; reduce greenhouse gas emissions by 20 percent in seven years; reduce energy use at stores by 30 percent; and cut solid waste from U.S. stores and Sam's Clubs by 25 percent in three years. CEO Lee Scott said that Wal-Mart's goal was to be a "good steward of the environment" and ultimately use only renewable energy sources and produce zero waste. The company also designed three new experimental stores with wind turbines, photovoltaic solar panels, biofuel-capable boilers, water-cooled refrigerators, and xeriscape gardens. In this time, Wal-Mart also became the biggest seller of organic milk and the biggest buyer of organic cotton in the world, while reducing packaging and energy costs. In 2007, the company worked with outside consultants to discover its total environmental impact and find areas for improvement. Wal-Mart created its own electric company in Texas, named Texas Retail Energy, which planned to supply its stores with cheap power purchased at wholesale prices. Through this new venture, the company expected to save $15 million annually and also to lay the groundwork and infrastructure to sell electricity to Texas consumers in the future.
in november 2005 wal-mart announced several environmental measures to increase energy efficiency and improve its overall environmental record which had previously been lacking the company's primary goals included spending $500 million a year to increase fuel efficiency in wal-mart's truck fleet by 25 percent over three years and double it within ten; reduce greenhouse gas emissions by 20 percent in seven years; reduce energy use at stores by 30 percent; and cut solid waste from us stores and sam's clubs by 25 percent in three years ceo lee scott said that wal-mart's goal was to be a "good steward of the environment" and ultimately use only renewable energy sources and produce zero waste the company also designed three new experimental stores with wind turbines photovoltaic solar panels biofuel-capable boilers water-cooled refrigerators and xeriscape gardens in this time wal-mart also became the biggest seller of organic milk and the biggest buyer of organic cotton in the world while reducing packaging and energy costs in 2007 the company worked with outside consultants to discover its total environmental impact and find areas for improvement wal-mart created its own electric company in texas named texas retail energy which planned to supply its stores with cheap power purchased at wholesale prices through this new venture the company expected to save $15 million annually and also to lay the groundwork and infrastructure to sell electricity to texas consumers in the future