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====Environmental initiatives==== [[File: Solar Panels on Caguas, Puerto Rico Walmart.jpg|thumb|Solar modules mounted on a Walmart Supercenter in [[Caguas, Puerto Rico]] (Store #2449) |alt=Aerial view of dozens of solar panels distributed around the roof of a Walmart store]] In November 2005, Wal-Mart announced several environmental measures to increase [[efficient energy use|energy efficiency]] and improve its overall environmental record, which had previously been lacking.<ref name="GuntherMark">{{cite news|url=https://money.cnn.com/2006/07/25/news/companies/wal-mart-short.fortune/|title=Wal-Mart sees green|author=Gunther, Mark|date=July 27, 2006|access-date=November 8, 2007|archive-url=https://web.archive.org/web/20060822072035/http://money.cnn.com/2006/07/25/news/companies/wal-mart-short.fortune/|archive-date=August 22, 2006|work=CNN}}</ref> 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]].<ref name="going_green">{{cite news |url = https://www.nbcnews.com/id/wbna9815727 |title = Is Wal-Mart Going Green? |publisher = [[NBC News]] |date = October 25, 2005 |access-date = November 8, 2007 |archive-date = September 21, 2013 |archive-url = https://web.archive.org/web/20130921180227/http://www.nbcnews.com/id/9815727/ |url-status = live }}</ref> The company also designed three new experimental stores with [[wind turbine]]s, [[photovoltaic]] solar panels, [[biofuel]]-capable boilers, water-cooled refrigerators, and [[xeriscaping|xeriscape]] gardens.<ref>{{cite news |author = Berner, Robert |url = http://www.businessweek.com/bwdaily/dnflash/sep2005/nf20050922_6448_db016.htm |title = Can Wal-Mart Wear a White Hat? |work = Bloomberg BusinessWeek |date = September 22, 2005 |access-date = July 24, 2006 |url-status=dead |archive-url = https://web.archive.org/web/20060503192520/http://www.businessweek.com/bwdaily/dnflash/sep2005/nf20050922_6448_db016.htm |archive-date = May 3, 2006 }}</ref> 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.<ref name="GuntherMark"/> 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 power industry|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.<ref name="redorbit_electricity">{{cite web|url=http://www.redorbit.com/news/science/817594/will_walmart_sell_electricity_one_day/index.html|title=Will Wal-Mart Sell Electricity One Day?|author=Souder, Elizabeth|date=January 28, 2007|publisher=RedOrbit|archive-url=https://web.archive.org/web/20080623203730/http://www.redorbit.com/news/science/817594/will_walmart_sell_electricity_one_day/index.html|archive-date=June 23, 2008|url-status=live|access-date=March 31, 2008}}</ref>
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