Just Announced: Wal-Mart’s Super-Sized Hazardous Waste Settlement

Media outlets including USAToday and San Diego News Network are announcing an environmental settlement reached by Wal-Mart and environmental regulators.  The settlement is valued at $27.6 million and caps a five-year investigation of the retailer’s management of wastes such as cleaning chemicals, paints and pesticides across 236 stores in California.

While this is one of the largest settlements of its kind in the US, it is unlikely to have any significant impact on the financial condition of the world’s largest retailer, which is ranked #1 on the 2010 Fortune 500 list, posting more than $378billion in revenues and $12.7billion in profit for 2009.

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