Citibank: Stopping fossil fuel finance
Welcome to our Citibank campaign blog page.
Act Now is a people-powered campaigning community in Northern Ireland, taking action together across a range of issues that are important to us.
A safe and healthy environment is something our Act Now community cares deeply about. Thats why its such a slap in the face that Citibank, which has received millions of pounds of public money from Invest NI, [1] continues to pour hundreds of billions of Euro in dirty coal, oil, and gas projects. [2] Citibank is the second largest funder of fossil fuel expansion in the world, the fourth largest funder of companies drilling in and polluting the Arctic, and the third biggest funder for fracking companies. Not to mention the billions of Euros they put into coal mining, offshore drilling and drilling in the Amazon rainforest every year. [3]
But they’re not going to get away with it for much longer. Our community, along with Uplift members in the Republic of Ireland are standing up and fighting back against large corporations like Citibank who have been getting away with funding climate chaos for far too long.
Add your voice to the hundreds of Act Now members who have already called for Citibank to stop funding fossil fuel polluters here:
The IPCC has said that we cannot afford to burn all the fossil fuels that we have access to if we are to stay below a global warming of 1.5C. And we definitely can’t afford to expand existing projects or open up new ones. [4] We need steep and rapid reductions in fossil fuel emissions and that won’t happen while corporations like Citibank are funding these projects to the tune of billions of Euros.
In response to Citbank pouring billions of Euros into climate chaos, Act Now and Uplift members will be hitting them with a range of exciting and inventive tactics over the next few months. These tactics will include online actions, bringing a media spotlight onto Citibank through direct action, and putting pressure on politicians to take action.
We are going to make sure that they can no longer fly under the radar when it comes to fuelling the climate crisis. If you or anybody you know works for Citibank please fill in and share our anonymous staff survey.
We want to give Citibank staff the opportunity to share their thoughts and feelings on Citibank’s role in funding climate breakdown.
Without the funding fossil fuel companies get from banks like Citibank, they would not be able to continue expanding oil, gas, and coal projects. If we can stop the money flowing, we can stop the fossil fuels flowing.
[1] Belfast Telegraph: Global banking Citi's contribution to economy lauded by Invest NI chief
[2] Citi’s Climate Score – Bank.Green