This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Now in Your Grocer's Freezer: Pure Greenhouse Gas Evil

Stocks in this article: WMT

BOSTON ( TheStreet) -- A report released last week by the Environmental Investigation Agency found that a dozen of the largest U.S. supermarkets are doing a dismal job of reining in their hydrofluorocarbon emissions.

The reason this matters? HFC is a potent greenhouse gas, with a much higher global warming potential than carbon dioxide, sometimes by as much as 4,000 times.

The report looked at the HFC emissions of a dozen retailers, including Target (TGT), Wal-Mart (WMT), Costco (COST), Safeway (SWY), Whole Foods (WFC) and Delhaize (DEG), which owns Food Lion and Bottom Dollar Food. Of all of the retailers EIA analyzed, Delhaize America performed the best and Costco the worst. Yet none of the stores passed the EIA's standards despite all being members of the Consumer Goods Forum, an international network of the world's largest retailers that committed to phasing out HFCs back in 2010.

According to the EIA, the widespread use of HFC in the retail industry has led to it becoming one of the fastest-growing sources of greenhouse gases. The Environmental Protection Agency estimates that the average U.S. supermarket emits as much HFCs per year as 365 cars.

And it's only getting worse.

In fact, emission of HFCs, which are used in refrigerators and air conditioning units, has been growing by 10% to 15% annually. If efforts aren't undertaken to restrict them, the emissions are expected to make up 9% of all greenhouse gases by 2050.

"The results from the survey are not just disappointing but shocking, given that climate-friendly alternative technologies are available in the marketplace," Allan Thornton, president of the Environmental Investigation Agency, told McClatchy.

In a telephone interview, Thornton said CO2 and ammonia-based refrigerants would be much more sustainable and climate-friendly options and could easily be used in new and existing operations, as they are already in widespread use at stores throughout Canada, Japan and the European Union.

Wal-Mart, as the most profitable company, should take the lead in tackling the problem of HFC emissions head on, he says. It has 125 stores and two Sam's Club locations using "hybrid technology" of HFC and non-HFC refrigerants.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs