NS Details How it Used Green Bonds in 2021

Norfolk Southern last week released a report on how it used $500 million in green bonds that it issued in 2021.

The largest project was $275.6 million to fund DC-to-AC locomotive power conversions, which NS said will reduce carbon emissions by 200 tons annually.

Other expenditures include $99.5 million in intermodal facility improvements, $10.9 million to further locomotive fuel management initiatives, and $3.4 million to build on the company’s nature-based solutions that restore and protect vital stream and wetland ecosystems.

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