|
By making a commitment to cease funding for oil, gas, mining, and logging in the world's high conservation value forests, Citigroup will take one step down the road towards being an environmental leader.
Phasing out funding for fossil fuels and prioritizing investments in sustainable alternatives will position Citi as the forerunner among financial institutions confronting the most pressing environmental issues of our time: global warming and deforestation.
Until such a shift happens, customers around the world are standing up and telling the world's largest financial institution "Not with my money!" in funding environmental and social calamity.
|
As the provider of capital for the world's most destructive projects,Citigroup bears responsibility for the disastrous consequences to itsbusiness practices. Whether it is the relocation of native villages inAfrica, the devastation of rainforests in Peru, or the execution ofendangered species in Brazil, Citigroup is everywhere you don't want it tobe.
Citigroup must join forward thinking banks like ABN/AMRO of the Netherlandsin placing environmental and social sustainability above short-term profits.
For more information and to join the campaign, see
www.ran.org
.
|
Read the Press
Release
|