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Walmart Targets Zero Carbon Emissions by 2040

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On Monday, Walmart announced it will end carbon emissions from global operations by 2040.

The retailer expects to use 100% renewable energy by 2035. Walmart  (WMT) - Get Free Report also unveiled plans to restore at least 50 million acres of land and one million square miles of ocean by 2030 to "help combat the cascading loss of nature threatening the planet."

Walmart says it hopes to reach zero emissions without the use of carbon offsets. 

Its shares are up 0.6%.

The big-box retailer follows in the steps of technology companies that have made similar commitments to the environment.

In July, Apple undefined said it would become carbon neutral by 2030. The iPhone and computer company said the commitment means that "by 2030, every Apple device sold will have net zero climate impact."

“Businesses have a profound opportunity to help build a more sustainable future, one born of our common concern for the planet we share,” said Apple's CEO Tim Cook. 

In January, Microsoft (MSFT) - Get Report pledged to go carbon negative by 2030.

"While the world will need to reach net zero, those of us who can afford to move faster and go further should do so,” said Microsoft president Brad Smith in a statement.

In 2019, Amazon (AMZN) - Get Report pledged to become carbon neutral by 2040. In addition to this, in June, the company also announced a $2 billion investment fund to combat climate change.

Tech giant Google (GOOGL) - Get Report has been a pioneer in tackling climate change. The company has been carbon neutral since 2007

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