CP pledges $1 million to support recovery efforts in Lytton, B.C. and invites companies across Canada to join in supporting response to wildfires

Rhea-AI Summary

Canadian Pacific (TSX: CP, NYSE: CP) has pledged $1 million to support wildfire recovery in Lytton, B.C. The railway company will collaborate with local agencies to assist in developing temporary housing for displaced families. Keith Creel, CP's President and CEO, expressed concern for those affected, including CP employees who lost their homes. Additionally, CP is matching employee donations to the Canadian Red Cross for disaster relief and urges other companies to contribute as well.

Positive

• Pledged $1 million for wildfire recovery efforts in Lytton, B.C.
• Offering logistical support for temporary housing development.
• Matching employee donations to the Canadian Red Cross to promote additional contributions.

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• None.

CALGARY, AB, July 8, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) announced today that it has pledged $1 million to support wildfire recovery efforts in Lytton, B.C.

In addition to direct monetary donations, CP has offered to work directly with the Village of Lytton, Lytton First Nation, Thompson-Nicola Regional District and other agencies to provide resources and logistics support in the development of temporary housing facilities for families that have been displaced.

"Our thoughts are with all those affected by this devastating fire, including the CP employees who lost their homes," said Keith Creel, CP President and Chief Executive Officer. "So many lives have been impacted. We hope that this support will help the community and the team of responders as they begin to recover and rebuild."

CP has been matching employee donations made to the Canadian Red Cross in support of disaster relief in the area, and encourages employees in Canada and the United States to continue donating to help residents.

"I also encourage other companies across Canada to join us and donate funds or services to support the Village of Lytton and Lytton First Nation as they begin the work of rebuilding their lives and communities," Creel said.

About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP.

View original content:https://www.prnewswire.com/news-releases/cp-pledges-1-million-to-support-recovery-efforts-in-lytton-bc-and-invites-companies-across-canada-to-join-in-supporting-response-to-wildfires-301327896.html

SOURCE Canadian Pacific

FAQ

What is Canadian Pacific doing to support Lytton, B.C.?

Canadian Pacific has pledged $1 million to aid wildfire recovery efforts in Lytton, B.C.

How is CP assisting the displaced families in Lytton?

CP is providing resources and logistical support for developing temporary housing facilities for displaced families.

What additional support has CP offered for wildfire relief?

CP is matching employee donations to the Canadian Red Cross for disaster relief in the area.

Who is invited to support the recovery efforts in Lytton?

CP encourages other companies across Canada to donate funds or services to assist in rebuilding Lytton.

When was the donation to Lytton announced?

The donation was announced on July 8, 2021.