Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-01-23 00:00:00
Berta Cáceres: new rules for banks could help stop defender killings
2023-01-16 00:00:00
In the balance: Why European due diligence legislation must cover financial services
2022-12-08 00:00:00
Exposed: Western banks funding Qatar’s carbon bombs
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
2022-10-13 15:56:39
More major banks and insurers refuse to support EACOP
2022-09-16 10:38:48
European Parliament passes emergency resolution against human rights violations & environmental threats linked to EACOP
2022-06-27 09:49:16
Crédit Agricole takes first step to phase out from the oil and gas sector
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › News
Coalfield Residents, Activists and Students Close Down D.C. Citi Branch
Citi to stop funding coal and climate change
Start
Banks
Dodgy Deals

By: Rainforest Action Network
2007-11-06
Washington DC

Contact:

Rebecca Tarbotton - Rainforest Action Network


Share this page:

Go to:
Start
Related Banks
Related Dodgy Deals
Rainforest Action Network (RAN), Coal River Mountain Watch, the Student Environmental Action Coalition (SEAC) and students from around the country shut down a Washington, D.C. Citi branch yesterday by performing a theatrical “die-in” and delivering a bundle of coal to the financial giant. The protesters, in Washington for this week’s major youth climate conference Power Shift, called on Citi to stop funding the leading cause of global warming in the United States: coal.

“There is no room for coal in America’s energy future if we are going to avoid catastrophic climate change” said Rebecca Tarbotton, director of RAN’s Global Finance Campaign. “We have better options. Citi could be a real climate leader if they directed their financing towards efficiency and renewable energy. As it stands, dollar for dollar, they’re the biggest climate criminal in the country.”

According to Bloomberg, Citi was the coal industry’s top underwriter in 2006 and is a top lender to companies proposing to build new coal-fired power plants. If built, these plants will emit more than 600 million tons of carbon dioxide annually and negate nearly every other effort to combat climate change. While Citi finances this coal rush, leading climate scientists are recommending drastic reductions in global emissions in order to prevent climate chaos. Citi is also a top financier of companies that practice mountaintop removal coal mining, a coal extraction method that is decimating Appalachian mountains and communities.

“At home in Appalachia, coal companies are literally bombing our homes and mountains,” said Hillary Hosta of Coal River Mountain Watch. “They are operating illegally, poisoning our air and water, and driving us out of our homes. I want Citi to realize that their coal investments are destroying real people’s lives here in the United States.”

“Young people realize that climate change is a matter of life and death for ourselves and future generations, and we will do whatever it takes to tackle the root causes,” said Faye Bibeau, a lead organizer with SEAC. “Citi is going to be in for a rude awakening when they realize that youth today will not stand for their money being used to finance coal and climate change. They can say goodbye to student credit card customers if they continue to fund coal”.
Go to:
Start
Related Banks
Related Dodgy Deals

Related banks

Citi United States

active
Go to:
Start
Related Banks
Related Dodgy Deals

Related Dodgy Deals

Projects

There are no projects active for this item now.
on record

Mountain top removal coal mining United States

Coal Mining
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted