Walmart CEO Duke responds to Obama Renewable Energy address

Bentonville, Ark. - Mike Duke, president and CEO of Wal-Mart Stores, released the following statement in response to President Obama’s renewable energy address on Tuesday:

"We applaud the President and his administration for their commitment to renewable energy and conservation. Investing in renewable energy and energy conservation are good for business, good for communities and good for the environment. When we use less energy, that’s less energy we have to buy, and that means less waste and more savings for our customers. Over the last few years we’ve made meaningful progress toward our goal to be supplied by 100% renewable energy. Walmart now has over 300 renewable energy projects in operation or under development around the world, and the Environmental Protection Agency has named us the No. 1 user of onsite renewable energy. As we continue on our journey we will continue to leverage our scale in purchasing energy so we can drive down technology costs and make renewable power more affordable for everyone.”