Canadian Pacific Railway (CPR) is a transcontinental railway providing freight and intermodal services across Canada and the United States.
Rail systems are known for their high efficiency and relatively low greenhouse gas emissions. A report by the International Maritime Organization concludes that road freight emits approximately three times more carbon dioxide emissions per kilometer than rail freight, clearly demonstrating the reduced climate footprint associated with rail freight.. In an effort to further improve upon the intrinsic environmental benefits of rail, CPR continually adds high efficiency locomotives to its fleet, which now account for nearly 50% of its entire locomotive fleet. These high efficiency trains produce 60% fewer smog pollutants and use 20% less fuel than previous models.
The company also has a number of fuel efficiency initiatives, including the adoption of idling technology and track lubrication programs. While CPR has demonstrated leadership by increasing the number of high efficiency locomotives, and other initiatives, Portfolio 21 has asked the company to provide comprehensive, annual environmental reporting that addresses the company’s environmental impacts.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/30/14 and may not reflect current opinions or subsequent events.