Canadian Pacific Railway Company (CP) is a leading rail transportation company in Canada that operates in the Total Commodity - Rail sector. The company has been in operation for over 140 years and has played a significant role in the development of Canada's economy. CP operates a network of more than 12,500 miles of track across Canada and the United States, providing freight transportation services for a wide range of commodities, including grain, coal, potash, forest products, and automotive products.

In recent years, CP has been actively pursuing decarbonisation initiatives to reduce its carbon footprint and contribute to the fight against climate change. The company has set ambitious targets to reduce its greenhouse gas emissions by 30% by 2030, compared to 2019 levels. To achieve this goal, CP is investing in new technologies and practices to improve the energy efficiency of its operations and reduce its reliance on fossil fuels.

One of the key initiatives that CP is pursuing to reduce its carbon footprint is the use of renewable energy. The company has signed several corporate power purchase agreements (PPAs) with renewable energy providers to source electricity from wind and solar farms. These agreements enable CP to reduce its reliance on fossil fuels and support the development of renewable energy infrastructure in Canada. In 2020, CP signed a PPA with a wind farm in southern Alberta, which will provide the company with 90 MW of renewable energy, enough to power its operations in Alberta and Saskatchewan.

In addition to sourcing renewable energy, CP is also investing in its own corporate energy infrastructure to improve the efficiency of its operations. The company has installed energy-efficient lighting and heating systems in its facilities and is exploring the use of electric locomotives to reduce emissions from its trains. CP is also working with its customers to improve the energy efficiency of their supply chains, providing them with data and insights to help them reduce their carbon footprint.

CP's commitment to decarbonisation is not only driven by environmental concerns but also by the economic benefits of reducing its carbon footprint. As the world transitions to a low-carbon economy, companies that are able to reduce their emissions and adopt sustainable practices will be better positioned to compete and thrive. By investing in renewable energy and energy efficiency, CP is positioning itself as a leader in the transition to a low-carbon economy and creating value for its shareholders.

Overall, CP is a company that is committed to sustainability and decarbonisation. Through its investments in renewable energy and energy efficiency, the company is reducing its carbon footprint and contributing to the fight against climate change. As the world transitions to a low-carbon economy, CP is well-positioned to compete and thrive, creating value for its shareholders and contributing to a more sustainable future for Canada and the world.