Wal-Mart, Clinton Climate Initiative in partnership

http://www.reuters.com/article/environmentNews/idUSN0147943820071101

NEW YORK (Reuters) - Wal-Mart Stores Inc said on Thursday it has partnered with the Clinton Climate Initiative to explore ways to use purchasing power to lower prices on "environmentally-friendly" technologies such as energy efficient building materials and lighting.

The two organizations said they will collaborate on the design and discovery of new products and work together to source new products.

"By combining our resources, we can help drive innovation, create new technology markets and ultimately reduce this country's dependence on foreign oil," said Lee Scott, president and CEO of Wal-Mart, in a statement.

One of the technologies the partnership will explore is energy-efficient LED lights for parking lots and street lamps.

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