The data is in: Chase, Citi, and MUFG are hurling us all towards climate catastrophe
Our annual flagship report, Banking on Climate Chaos, has revealed that JPMorgan Chase is once again the top funder of fossil fuels since Paris, followed by Citi. MUFG earns a dishonorable mention for its funding of poisonous pipelines. Fortunately for them, we have a plan–and we’ll make sure our voices are heard.
Citi Becomes First U.S. Bank to Restrict Financing for Companies Expanding Coal Power
RAN says significant step forward with major loophole Citigroup has issued today an updated Environmental and Social Policy Framework. The framework contains important new language further restricting its lending, underwriting…
Citi Latest Bank to Issue 2050 “Net Zero” Climate Commitment; Climate Advocates Call for Immediate Action to Match Long-term Pledge
Responding to Citi’s climate announcement today, Jason Opeña Disterhoft, Senior Climate and Energy Campaigner with Rainforest Action Network, issued the following statement. “2050 commitments should only be taken seriously if…
Citi Becomes Second Wall Street Bank to Join Carbon Accountability Initiative; RAN Responds
In response to the announcement of Citi’s five-year 2025 Sustainable Progress Strategy, including joining the Partnership for Carbon Accounting Financials (PCAF), Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy…
Citigroup Cancels Financing of Indonesian Food Giant Indofood Over Palm Oil Labor Abuses
Major Asian, European banks and US brands still linked to controversial company San Francisco, CA – Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ)…
Things You Need to Know About Citi’s Underwhelming Coal Policy
You may have missed it- but Citi has finally released their policy on funding coal power…and we’re pretty sure you won’t be shocked to know, it is underwhelming.
Heads Up, Big Banks: The Divestment Movement is Coming for You
This post is cross-posted from WeArePowerShift, and was authored by Harry Alper, a 2011 graduate of Washington University in St. Louis and organizer with Rainforest Action Network. It’s May 2013,…
Divestors Take Their Fight to Big Banks
Cross-posted from Fossil Free blog. This post was written by Hannah Jones, Swarthmore Mountain Justice alumna. If you’re reading this, you already know: we’re living in a time of unprecedented…
Coal India Threatens Communities and Forests
This summer, the RAN energy team has been casting our eyes around the globe and researching the impact that coal mining is having on deforestation. One of the regions that…
Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers
A Guest blog-post by Yann Louvel, BankTrack‘s Climate and Energy Campaign Coordinator This week, Bloomberg published the results of its third annual ranking of the “world’s greenest banks”: Citi was…