Wal-Mart to Unveil Massive Green Initiative

Wal-Mart(WMT Quote) is set to announce a sweeping new environmental initiative Thursday as it continues its push into a green new world.

At one time decried for its big-box effrontery to the environment -- with its sprawling parking lots and bald consumerist ethos -- Wal-Mart has over the last few years made a considerable effort to transform itself into a green leader.

The company will present its plan Thursday at its Arkansas headquarters in a presentation it's calling the "Sustainable Milestone Meeting."

As reported, Wal-Mart plans to create a system that would track and detail, through a rating system, the relative environmental friendliness of the products it sells. Many feel that the company is attempting to keep out in front of probable new green-labeling regulations from the federal government. ...