But if any single industry bears responsibility for climate damage and also has the financial means to do something about it it’s the world’s top fossil fuel companies.Brightline Raising $2.5 Billion Of Private Funds For Vegas-To-L.A.
Brightline West, billionaire investor Wes Eden’s 218-mile rail project to connect Las Vegas to suburban Los Angeles with electric bullet trains, is raising $2.5 billion from private investors with a tax-exempt bond offering as it seeks to launch passenger service by late 2028.
Miami-based Brightline, which operates the U.S.’s only private passenger railroad in Florida, said in an investor presentation it expects at least $1.4 billion of revenue and 8.6 million passengers by 2031.“Full-scale construction should get underway this year,” Ben Porritt, the company’s senior vice president for corporate affairs, told Forbes.
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