
Rio Tinto Going Electric With Pilbara Trains
Wabtec Corporation (NYSE: WAB) has received an order from Rio Tinto for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100-percent, battery-powered locomotive will help Rio Tinto’s effort to achieve a 50-percent reduction in Scope 1 and 2 carbon emissions by 2030. “Our partnership with Wabtec is an investment in innovation and an acknowledgment of the need to increase the pace of our decarbonization efforts,” said Rio Tinto Iron Ore Managing Director of Port, Rail and Core Services, Richard Cohen. “By locking this in now, we are making progress in our efforts to reduce our Scope 1 and 2 carbon emissions by 50 percent by 2030.”...