Tuesday, 1 June 2010

Wal-Mart and Pickens announce strategic alliance to increase renewables use in the US until 2030!


Wal-Mart and T. Boone Pickens have announced a strategic alliance to considerably ease US dependence on oil.

Heavy investments in wind energy have been announced to bring its share in national energy consumption to 30% within the next 10 years, while creating about 4.3 million new jobs in that sector.

Moreover, Wal-Mart intends to provide low-cost solar devices to households, intending to increase its share among rural households up to 50%. Wal-Mart is looking into increased cooperation with Chinese suppliers to make these devices affordable for the greater American public.

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