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Exhibit 99.1 Union Pacific Announces Climate Action Plan to Achieve Its GHG Emissions Reduction Targets and Commits to Net Zero Target FOR IMMEDIATE RELEASE OMAHA , Neb . , Dec. 6 , 2021 - Union Pacific Railroad today published its first comprehensive climate action plan outlining its approach to driving innovative climate action and responding to emerging risks affecting the rail industry , as well as announced its commitment to achieve net zero greenhouse gas ( GHG ) emissions by 2050 . " As the world takes action to address climate change , Union Pacific is taking thoughtful and deliberate steps to improve our environmental footprint , " said Lance Fritz , Chairman , President and CEO of Union Pacific . " We experience first - hand the effects of climate change and are urgently working toward our shared sustainable future . " In February 2021 , Union Pacific received approval from the Science Based Target initiative for its target to reduce absolute Scope 1 and 2 GHG emissions from its operations 26 % by 2030 from a 2018 baseline . The approved target aligns with what climate scientists say is needed to meet the Paris Agreement , limiting global warming to well below 2 ° C above pre - industrial levels and pursuing efforts to limit warming to 1.5 ° C . Union Pacific's Climate Action Plan highlights the following efforts to significantly reduce GHG emissions : Improve operational efficiency and minimize fuel consumption with a more efficient locomotive fleet and energy management technology . O Invested roughly $ 3.4 billion to purchase more than 1,300 new locomotives since 2010 , while retiring about 2,500 older , less fuel - efficient locomotives . 0 Energy Management System ( EMS ) , which acts like cruise control , helps identify fuel - saving opportunities and has been implemented in roughly two thirds of the active road fleet . Promote rail as the environmentally preferable surface transportation solution and explore emerging supply chain circularity opportunities . o Engaging customers to understand their sustainability goals and identify opportunities to transition to rail , the most fuel - efficient way to move freight over land . Decarbonize Union Pacific's environmental footprint by increasing the use of low- carbon fuels and innovating with alternative propulsion methods and nature - based solutions . o Working to increase the percentage of low - carbon fuels consumed to 10 % of total diesel consumption by 2025 and 20 % by 2030 . o Leveraging experience with low - emissions switcher locomotive technology to develop specifications for a battery - electric locomotive that could be deployed in selected yard operations . Engage stakeholders and harness Union Pacific's influence to develop and advance rail- and climate - friendly policies . 0 Participating in policy development with the Association of American Railroads ( AAR ) on climate change and sustainability . 0 Planet Tracks , the company's newly established , employee - led business resource group engages Union Pacific's workforce on sustainability issues .