Coal-hauling railroads are unlikely to see significant benefit from Paris withdrawal

[mahatmakanejeeves]

Coal-hauling railroads are unlikely to see significant benefit from Paris withdrawal

By Russell Hubbard / World-Herald staff writer Jun 12, 2017 Updated 27 min ago

At Omaha-based railroad Union Pacific — which got 14 percent of revenue from hauling coal last quarter — the official reaction to the withdrawal from the fossil-
fuel hostile Paris agreement was the opposite of what some might have expected.

Instead of trumpeting President Donald Trump’s decision to secede from the nonbinding international agreement to lower the Earth’s temperature by restricting fossil-fuel emissions, Union Pacific said it will continue to support efforts to reduce pollution and improve the environment.

“Union Pacific is a leader in moving goods in an environmentally responsible manner, and I’m proud of our efforts to increase fuel efficiency and reduce carbon emissions,” Chief Executive Lance Fritz said in a statement to employees this month after the presidential announcement over the Paris agreement. “The U.S.’s withdrawal from the Paris climate agreement will not change our course of action, and we remain committed to achieving our long-term sustainability goals.”

U.S. railroads, which just last quarter broke a two-year stretch of declining shipments, shouldn’t expect much go-go from the withdrawal anyway, analysts say. It seems the world is already wired to reduce coal use, the investments sunk and the costs written off.
....

The Omaha World-Herald is owned by Berkshire Hathaway Inc.

[e-mail], 402-444-3133

[elleng]

1. 'the world is already wired to reduce coal use,

the investments sunk and the costs written off.'

[mahatmakanejeeves]

2. Mine sure were. NT

[MyOwnPeace]

3. Yeah, like "Orange Cheat-o"

would listen to others regarding what is actually happening in the business community.
Here we have serious business leaders aware of "world realities" and making plans accordingly, while "Orange Cheat-o" looks to undo anything the previous administration and world leaders (Paris agreement) have done, just to keep his 34% happy.

SAD!