Wal-Mart, Clinton Climate Initiative Announce
Partnership to Increase Availability of Affordable, Energy Efficient
Products Around the Globe SEATTLE, Nov 01, 2007 /PRNewswire-FirstCall
Wal-Mart Stores, Inc. (NYSE: WMT) and the Clinton Climate Initiative today
announced a partnership to help bring environmentally-friendly technologies
to cities across the United States and around the world. The two groups will
explore ways to use their purchasing resources to lower prices on
sustainable technologies such as energy efficient building materials and
systems, energy efficient lighting and clean energy products.
Former President Bill Clinton made the announcement at the United States
Conference of Mayors Climate Protection Summit held in Seattle. In addition
to the partnership with Wal-Mart, President Clinton announced that the
Clinton Climate Initiative will extend its programs and purchasing
consortium to all 1,100 cities represented by the U.S. Conference of Mayors.
The consortium includes the C40 Climate Leadership Group, representing 40 of
the world's largest cities.
"This shows what can be achieved when business, government and the non-
profit sector work together on some of the biggest challenges facing the
world today," said Lee Scott, president and CEO of Wal-Mart Stores, Inc. "By
combining our resources, we can help drive innovation, create new technology
markets and ultimately reduce this country's dependence on foreign oil."
As part of the partnership the two organizations will:
-- Collaborate regarding the design and discovery of new products and best
practices related to environmentally-friendly technologies. This includes
working together to develop specifications for new products and test new
products.
-- Work together to source new products, again sharing specifications as
well as suppliers. This also includes going to market at coordinated times
in order to maximize purchasing power and drive down costs.
-- Designate a representative from each organization to coordinate with
Wal-Mart's building team, the Clinton Climate Initiative and its member
cities.
-- Continue to seek opportunities for the two organizations to collaborate.
"Climate change is a global issue that we must address immediately if we are
to reverse its catastrophic effects," said President Clinton. "I am pleased
that the U.S. Conference of Mayors, Wal-Mart and many businesses are working
with my foundation. Together, I hope that we can have a measurable impact on
greenhouse gas emissions around the world."
One of the technologies the partnership will explore is energy-efficient,
high-performance LED lights for parking lots and street lamps. By switching
to LEDs, Wal-Mart estimates that cities could save 50 percent on street lamp
energy consumption and reduce maintenance costs by 80 percent. Additional
technologies to be explored may include interior LED lighting,
variable-speed heating ventilation and air conditioning technology (HVAC)
and solar power purchases.
About the Clinton Climate Initiative
For more information on the Clinton Climate Initiative visit
http://www.ClintonFoundation.org
.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Every week, millions of customers visit Wal-Mart Stores, Supercenters,
Neighborhood Markets, and Sam's Club locations across America or log on to
its online store at http://www.walmart.com
. The company and its Foundation are committed to a philosophy of giving
back locally. Wal-Mart (NYSE: WMT) is proud to support the causes that are
important to customers and associates right in their own neighborhoods, and
last year gave more than $270 million to local communities in the United
States. To learn more, visit
http://www.walmartfacts.com ,
http://www.walmartstores.com , or
http://www.walmartfoundation.org
.
SOURCE Wal-Mart Stores, Inc.
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