Lance M. Fritz

Lance M. Fritz

Chairman, President , & CEO at Union Pacific
Biography:

Lance M. Fritz serves as Chairman, President, & CEO for Union Pacific which is headquartered in Omaha, NE.

Profile Details

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Key Statements

"One thing that happened in the year is that we, for the third year in a row, improved our fuel consumption rate. That's a fundamental driver of reducing our overall greenhouse gas emissions. We've committed that by 2030 we're going to reduce overall absolute emissions by 26% on scope one and scope two. And we've also now committed to being net zero by 2050. We're the only U.S. Railroad that's made that commitment, and I'm really pretty darn excited about the progress that we are making. A lot of that scope one and scope two is going to be about the fuels that we use and converting our locomotives to alternative fuel. Early on, it's going to be about using more renewable diesel and biodiesel. And we've got a good clear path to trying to make that happen over the course of the next ten years."