CP donates $500,000 to Red Cross in support of Ukrainian refugees and invites companies across Canada and the U.S. to join in supporting humanitarian relief efforts
On March 9, 2022, Canadian Pacific (TSX: CP) announced a $500,000 donation to the Canadian Red Cross to aid humanitarian efforts for Ukraine and Ukrainian refugees amidst the ongoing crisis.
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Rhea-AI Summary
On March 9, 2022, Canadian Pacific (TSX: CP) announced a $500,000 donation to the Canadian Red Cross to aid humanitarian efforts for Ukraine and Ukrainian refugees amidst the ongoing crisis. President and CEO Keith Creel expressed hope that this support would help those affected. Additionally, CP will match employee donations to the Red Cross for the next 30 days and continues to encourage contributions to various aid agencies. Creel also called on other companies in Canada and the U.S. to participate in relief efforts.
Positive
- Donated $500,000 to support humanitarian efforts in Ukraine.
- Will match employee donations to the Red Cross, potentially increasing total contribution.
Negative
- None.
Details
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CALGARY, AB, March 9, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) announced today that it has pledged
"Our thoughts are with the people of Ukraine, and we hope this donation will provide some much-needed support in the growing humanitarian crisis this deeply troubling conflict has created," said Keith Creel, CP President and Chief Executive Officer. "The strength and bravery of the Ukrainian people fighting for their freedoms is nothing short of inspiring."
CP will be 100 percent matching employee donations for the next 30 days made to the Canadian Red Cross and American Red Cross. CP will continue to match donations to other aid agencies providing relief to the suffering in Ukraine via CP's employee charitable giving program. We encourage employees in Canada and the United States to continue donating to help refugees and support humanitarian aid.
"I also encourage other companies across Canada and the United States to join us contributing to relief efforts," 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:SOURCE Canadian Pacific
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