NEW YORK, Feb 21 (Reuters) – Main U.S. pension fund CalPERS is in search of a gathering with rail operator Norfolk Southern (NSC.N) at which it plans to ask in regards to the derailment of a prepare loaded with poisonous chemical compounds earlier this month, a spokeswoman for the fund stated on Tuesday.
The U.S. authorities has ordered Norfolk Southern to wash up contaminated soil and water on the website in East Palestine, Ohio, the place the prepare wreck despatched clouds of smoke over the city on Feb. 3 and compelled 1000's of residents to evacuate.
CalPERS, which stands for the California Public Staff' Retirement System, held $200.6 million price of Norfolk Southern debt and fairness as of the top of 2022, a CalPERS spokeswoman stated.
“We're within the strategy of requesting a gathering with Norfolk Southern,” she stated. “We'll be asking in regards to the current derailment.”
Talks between the fund and firms are normally confidential, however CalPERS will replace its membership “if something pertinent comes from this dialogue,” the spokeswoman added.
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Norfolk Southern didn't instantly reply to a request for remark. It has stated it's chargeable for paying for the clean-up and plans to be taught from the accident and enhance rail security.
CalPERS has a complete market worth of round $454.25 billion.
Reporting by Isla Binnie; Enhancing by Richard Chang
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