At an event with President Barack Obama, Walmart said that it will double the number of on-site solar energy projects at its U.S. stores, Sam’s Clubs and distribution centers by 2020. The commitment is part of Walmart’s global initiative to drive the production or procurement of 7 billion kWh of renewable energy by the end of 2020.
“We share the President’s commitment to a sustainable energy future and applaud his willingness to partner with business on this important issue,” said Bill Simon, president and CEO of Walmart U.S. “We know from experience that investing in energy innovation allows us to save money, reduce carbon pollution, and create jobs. Every day, millions of Americans depend on us to watch every penny so that we can provide the best prices on products they love. Our customers can feel good that we’re watching out for both their wallets and their children’s future.”
Walmart made the announcement while hosting President Obama at a solar-powered store in Mountain View, Calif. The President visited the store to highlight the importance of energy efficiency and renewables in keeping America strong.
Since 2005, Walmart’s greenhouse gas emissions grew at only one-quarter the rate of the company’s growth, nearly flat-lining in recent years, the company said in a press release. With its 2020 energy goals, it anticipates an absolute decline in GHG emissions by 2020 despite significant growth plans over that same time period.