Citigroup Surpasses Peers With Absolute Emissions Reduction Target for Energy Finance, Still Fails to Rule Out Support for Fossil Fuel Expansion
Citigroup announced 2030 targets to reach its commitment to net-zero financed emissions by 2050. The plan includes commitments to reduce absolute financed emissions from the energy and power sectors by specific percentages.
Looking Ahead
We’ve just started the new year, but already the clock is ticking… LOUDLY. That’s because according to the International Panel on Climate Change (IPCC), we only have until 2030 to…
COP26: RAN Position Paper
The most important climate talks since the Paris Agreement are scheduled to begin in Glasgow, yet the ability to attend and have a full voice at this conference remains in question for Indigenous Peoples, delegates from the least wealthy nations, and those representing Black and Brown communities across the globe.
JPMorgan Chase 2030 Climate Targets a “Fig Leaf for Fossil Fuel Expansion,” says Rainforest Action Network
Today, JPMorgan Chase has released its 2030 climate targets, following on the bank’s October 2020 pledge to “align with the Paris Agreement.” JPMorgan Chase is the world’s largest banker of…
These Activists are Disrupting the Dollars of the Line 3 Pipeline
For months, Indigenous activists, climate refugees, young folks, and community leaders have been calling on the bankrollers of climate change to step away from funding climate chaos, especially Enbridge’s Line…
Financed Emissions and the Road to Glasgow
This blog was originally published as an essay in Banking on Climate Chaos: Fossil Fuel Finance Report 2021, published in March 2021 by Rainforest Action Network, BankTrack, Indigenous Environmental Network,…
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…