We will be the first transit agency in Canada to issue green bonds
UPDATE Nov 16, 2018: TransLink issued its first-ever Green Bond, becoming the first transit agency in Canada to do so, helping to satisfy strong investor interest in organizations with a compelling environmental story to tell. The bond, valued at $400 million, is TransLink’s largest bond issuance.
At TransLink, we take environmental stewardship very seriously. We also constantly spend capital to improve our transit network, so YOU, our customers, can benefit from it.
We all know public transit is a greener choice – it takes away cars from the roads, thereby reducing our cumulative carbon footprint.
With this responsibility in mind, TransLink’s Board of Directors has given the green light to issue green bonds as one way to finance the largest expansion to transit service in our region’s history — the 10-Year Vision.
What are green bonds, you might wonder?
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It is expected that each electric bus in operation will reduce on-road CO2 emissions by close to 300,000 kg annually
It’s I Love Transit Week! A week where we celebrate our riders, transit enthusiasts and all the things we love about transit. This year’s theme is…Connections: the future of transportation in Metro Vancouver. One of the key elements of what the future of transit entails is sustainable transit. So, we chatted with Sarah Buckle, Director Enterprise Risk and Sustainability at TransLink what that actually means.
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Clean energy initiatives and safety are two high priorities at TransLink, which is why we’re excited to be adding 106 new Compressed Natural Gas (CNG) buses to the fleet at the recently upgraded Surrey Transit Centre. All 106 of these new buses will also be equipped with bus safety barriers to help keep our operators, and passengers safe. Transit riders can expect to see these new CNG buses in operation in Surrey starting this week, with full roll out of all remaining new clean energy buses by the end of 2018.
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One of the compressed natural gas buses in the Coast Mountain Bus Company fleet.
TransLink has sold its first set of carbon credits under British Columbia’s low-carbon fuel program. By doing so, we earned $1.5 million that will be invested into improving service for our customers! Read more »
On October 31, Buzzer blog editors participated in the conference ‘Moving the Future: A New Conversation on Transportation and Economy’. We heard some great ideas about the future of transportation and the economy in Metro Vancouver, and got a first-hand insight into experiences from other North American cities. For all those interested in this topic, here’s the storify of the tweets shared at #movingthefuture. Read more »