CPKC Publishes Update on Low Carbon Transition

Canadian Pacific Kansas City (CPKC) published its 2025 Climate Mileposts report highlighting the actions being taken by CPKC to enhance sustainability.

“Shipping by rail is the most fuel-efficient way to move goods over land and our Climate Mileposts report outlines the steps we are taking to further advance the potential for future decarbonization of the CPKC locomotive fleet,” said Keith Creel, CPKC President and Chief Executive Officer. “We are committed to working towards continuously improving our locomotive operating efficiency and advancing real-world testing of hydrogen locomotives.”

CPKC is exploring and investing in innovative technology solutions and projects to reduce emissions from our locomotive operations and support CPKC’s long-term sustainability objectives, including:

• Making significant strides with our pioneering Hydrogen Locomotive Program which has swiftly progressed from initial movement trials to recording more than 6,000 miles in freight service testing by the end of 2024.
• Doubling the size of our hydrogen test fleet in early 2025 to include three additional locomotives and an added tender car; then adding further to this test fleet with four more locomotives planned for later in 2025.
• Successfully conducting more than 1,100 fueling events in 2024 as part of our B20 locomotive biofuel trial in British Columbia. This initiative, in cooperation with the broader rail industry, aims to validate the operational impacts of using advanced renewable biofuel blends.
• Preparing for delivery of 100 Tier 4 diesel-electric locomotives in 2025, which are expected to reduce air pollutants and emissions and enhance fuel economy and reliability.

Read the full Climate Mileposts report at www.cpkcr.com.

About CPKC

Canadian Pacific Kansas City Limited (“CPKC” or the “Company”) owns and operates a transcontinental freight railway spanning Canada, the United States (“U.S.”), and Mexico. CPKC provides rail and intermodal transportation services over a network of approximately 20,000 miles, serving principal business centres across Canada, the U.S., and Mexico. The Company transports bulk commodities, merchandise, and intermodal freight. CPKC’s Common Shares trade on the Toronto Stock Exchange and New York Stock Exchange under the symbol “CP”.

Contact:

Chris de Bruyn – Investor Relations – investor@cpkcr.com – (403) 319-3591

Source: Canadian Pacific Kansas City Limited