Citi
#6 in the world for fossil fuel financing.
Last Rated in Sep 2024
Your bank is failing on climate responsibility.
Your bank is one of the 60 biggest funders of fossil fuels in the world*. In the 8 years since the Paris Agreement, this bank has funneled $396 billion USD into coal, oil, and gas, rapidly accelerating the climate crisis, number 6 on the global fossil financiers list in that time and champion of financing fossil fuel expansion.
While you’ve been stashing away money for a car or a weekend getaway, Citi has been using your savings to lend to some very questionable fossil fuel friends.
And it's not just a little here and there, we’re talking about $396 billion in the 8 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement. In 2023 Citi announced to let go of the Equator Principles, they do not want to be beholden to these minimum standards.
It may not come as a surprise then that they take second place in Arctic Oil & Gas financing.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Start to Bank Green Today
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects