07.09.2023
Artikel Nummer: 46334
US class I railway pursues its net zero goal
The Union Pacific railway (UP) allocated 100% or USD 590.8 million of the proceeds from its green bonds issued in September 2022 to sustainable projects to upgrade existing rolling stock, expand network capacity and promote the modal shift of freight to lower-carbon rail.
Furthermore, proceeds were used for green energy projects and to acquire new rolling stock and equipment, including electric vehicles and battery-electric locomotives. These infrastructure investments support UP's effort to achieve its climate-change goal of net zero by 2050, the rail company said. (ben)