Wal-Mart pulls the plug on green initiatives

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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. "