~ Furniture and home furnishings retailer Ikea plans to double spending on renewable energy to $4B by 2020. The PR value is probably great, but saving money is the driver:
The additional spending on projects such as wind farms and solar parks will be needed to keep expenses down as the company maintains its pace of expansion, Chief Executive Officer and President Mikael Ohlsson said in an interview in Malmo, Sweden.
“I foresee we’ll continue to increase our investments in renewable energy,” said Ohlsson.
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