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…
Citigroup Announces New Coal Policy; Climate Advocates Respond
Rainforest Action Network, Indigenous Environmental Network and Amazon Watch issue statements San Francisco– Ahead of its 2020 Annual General Meeting, taking place tomorrow, Citigroup has published an updated version of…
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.
Extreme Coal – No Longer Business as Usual
For the first time since we began publishing coal finance report cards five years ago, we have an encouraging trend to report: Major banks have begun making noise about the…
Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom
“Most innovative investment bank for climate change.” – Citigroup “Mak(ing) your life greener and help(ing) tackle climate change.” – Morgan Stanley “Financing a low carbon economy.” – Bank of America…
“It’s Easier to Mine Coal Without People Around.”
RAN’s latest Coal Risk Update highlights the potential human rights impacts of a planned mountaintop removal mine in Blair, West Virginia. Blair Mountain is a national treasure: The mountain is…
Financed emissions: A big problem for banks, and a bigger problem for the climate
What is the total greenhouse gas footprint of Citigroup, Bank of America, or UBS? Right now, we don’t know, and that’s a major problem for both banks and the climate….
Citi Needs an Intervention
Addiction – noun ə-ˈdik-shən, a-: persistent compulsive use of a substance known by the user to be harmful. (Merriam-Webster) Citi has a problem. Despite renewing its vows in 2009 to…
New Reporting from Citi on their Mountaintop Removal Financing
In 2009 RAN urged Citi to stop financing mountaintop removal (MTR) coal mining, the environmental tragedy that is destroying the Appalachian landscape and poisoning communities. Citi’s initial response, a statement…